Arcadium Lithium PLC (NYSE: ALTM) kicked off on Friday, up 0.93% from the previous trading day, before settling in for the closing price of $5.39. 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 Updates
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 59.29%. 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) Performance Highlights and Predictions
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 13.56 million. That was inferior than the volume of 15.69 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 34.38%. Additionally, its Average True Range was 0.14.
During the past 100 days, Arcadium Lithium PLC’s (ALTM) raw stochastic average was set at 95.87%, which indicates a significant increase from 53.85% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 10.01% in the past 14 days, which was lower than the 88.98% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.71, while its 200-day Moving Average is $4.01. However, in the short run, Arcadium Lithium PLC’s stock first resistance to watch stands at $5.49. Second resistance stands at $5.53. The third major resistance level sits at $5.60. If the price goes on to break the first support level at $5.38, it is likely to go to the next support level at $5.31. Assuming the price breaks the second support level, the third support level stands at $5.27.
Arcadium Lithium PLC (NYSE: ALTM) Key Stats
The company with the Market Capitalisation of 5.90 billion has total of 1,075,427K 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.
