Arcadium Lithium PLC (NYSE: ALTM) kicked off on Tuesday, up 0.36% from the previous trading day, before settling in for the closing price of $5.52. Over the past 52 weeks, ALTM has traded in a range of $2.19-$7.27.
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A company in the Basic Materials sector has jumped its sales by 50.98% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded -90.12%. With a float of $1.03 billion, this company’s outstanding shares have now reached $1.07 billion.
In an organization with 2900 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 36.64%, operating margin of 27.39%, and the pretax margin is 37.99%.
Arcadium Lithium PLC (ALTM) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Specialty Chemicals Industry. The insider ownership of Arcadium Lithium PLC is 3.88%, while institutional ownership is 59.70%. The most recent insider transaction that took place on Jun 21 ’24, was worth 16,150. In this transaction Director of this company bought 5,000 shares at a rate of $3.23, taking the stock ownership to the 5,000 shares. Before that another transaction happened on May 24 ’24, when Company’s Director bought 10,000 for $4.70, making the entire transaction worth $47,000. This insider now owns 55,674 shares in total.
Arcadium Lithium PLC (ALTM) Latest Financial update
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 0.34 earnings per share (EPS), higher than consensus estimate (set at 0.14) by 0.2. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.03 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -90.12% per share during the next fiscal year.
Arcadium Lithium PLC (NYSE: ALTM) Trading Performance Indicators
Take a look at Arcadium Lithium PLC’s (ALTM) current performance indicators. Last quarter, stock had a quick ratio of 1.56.
Technical Analysis of Arcadium Lithium PLC (ALTM)
Let’s dig in a bit further. During the last 5-days, its volume was 24.15 million. That was better than the volume of 15.59 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 62.83%. Additionally, its Average True Range was 0.18.
During the past 100 days, Arcadium Lithium PLC’s (ALTM) raw stochastic average was set at 98.82%, which indicates a significant increase from 98.58% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 158.21% in the past 14 days, which was higher than the 89.82% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.27, while its 200-day Moving Average is $4.03. However, in the short run, Arcadium Lithium PLC’s stock first resistance to watch stands at $5.55. Second resistance stands at $5.55. The third major resistance level sits at $5.57. If the price goes on to break the first support level at $5.53, it is likely to go to the next support level at $5.51. The third support level lies at $5.51 if the price breaches the second support level.
Arcadium Lithium PLC (NYSE: ALTM) Key Stats
The company with the Market Capitalisation of 5.96 billion has total of 1,075,211K Shares Outstanding. Its annual sales at the moment are 882,500 K in contrast with the sum of 330,100 K annual income. Company’s last quarter sales were recorded 254,500 K and last quarter income was 85,700 K.
