On Friday, Arcadium Lithium PLC (NYSE: ALTM) opened lower -0.73% from the last session, before settling in for the closing price of $5.50. Price fluctuations for ALTM have ranged from $2.19 to $7.27 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Basic Materials sector was 50.98%. Company’s average yearly earnings per share was noted -90.12% at the time writing. With a float of $1.03 billion, this company’s outstanding shares have now reached $1.07 billion.
Considering the fact that the conglomerate employs 2900 people, you should pay attention to its efficiency factor. 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 Activity
A key investor’s attitude towards the stock of the Specialty Chemicals industry is another important factor to consider. The insider ownership of Arcadium Lithium PLC is 3.88%, while institutional ownership is 59.55%. 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) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.34 earnings per share (EPS) for the quarter, besting the agreed prediction (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
Check out the current performance indicators for Arcadium Lithium PLC (ALTM). In the past quarter, the stock posted a quick ratio of 1.56.
Technical Analysis of Arcadium Lithium PLC (ALTM)
Compared to the last year’s volume of 15.74 million, its volume of 23.63 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 40.07%. Additionally, its Average True Range was 0.16.
During the past 100 days, Arcadium Lithium PLC’s (ALTM) raw stochastic average was set at 96.46%, which indicates a significant increase from 92.36% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 109.76% in the past 14 days, which was higher than the 89.52% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.44, while its 200-day Moving Average is $4.01. Nevertheless, the first resistance level for the watch stands at $5.49 in the near term. At $5.53, the stock is likely to face the second major resistance level. The third major resistance level sits at $5.55. If the price goes on to break the first support level at $5.44, it is likely to go to the next support level at $5.42. Should the price break the second support level, the third support level stands at $5.38.
Arcadium Lithium PLC (NYSE: ALTM) Key Stats
There are currently 1,075,211K shares outstanding in the company with a market cap of 5.87 billion. Presently, the company’s annual sales total 882,500 K according to its annual income of 330,100 K. Last quarter, the company’s sales amounted to 254,500 K and its income totaled 85,700 K.
