A new trading day began on Friday, with Arcadium Lithium PLC (NYSE: ALTM) stock price up 0.38% from the previous day of trading, before settling in for the closing price of $5.23. ALTM’s price has ranged from $2.19 to $7.27 over the past 52 weeks.
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Annual sales at Basic Materials sector company grew by 50.98% over the past five years. Meanwhile, its annual earnings per share averaged -91.44%. With a float of $1.03 billion, this company’s outstanding shares have now reached $1.07 billion.
Let’s look at the performance matrix of the company that is accounted for 2900 employees. In terms of profitability, gross margin is 30.52%, operating margin of 10.9%, and the pretax margin is 27.07%.
Arcadium Lithium PLC (ALTM) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Specialty Chemicals Industry. The insider ownership of Arcadium Lithium PLC is 3.97%, while institutional ownership is 60.04%. The most recent insider transaction that took place on Nov 14 ’24, was worth 870,869. In this transaction CFO, VP & Treasurer of this company sold 166,038 shares at a rate of $5.25, taking the stock ownership to the 129,972 shares. Before that another transaction happened on Nov 13 ’24, when Company’s Chief Operations Officer sold 51,748 for $5.26, making the entire transaction worth $272,210. This insider now owns 133,627 shares in total.
Arcadium Lithium PLC (ALTM) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -91.44% per share during the next fiscal year.
Arcadium Lithium PLC (NYSE: ALTM) Trading Performance Indicators
Here are Arcadium Lithium PLC’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.65. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.29.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.14, a number that is poised to hit 0.02 in the next quarter and is forecasted to reach 0.15 in one year’s time.
Technical Analysis of Arcadium Lithium PLC (ALTM)
Arcadium Lithium PLC (NYSE: ALTM) saw its 5-day average volume 6.24 million, a negative change from its year-to-date volume of 15.25 million. As of the previous 9 days, the stock’s Stochastic %D was 41.27%. Additionally, its Average True Range was 0.09.
During the past 100 days, Arcadium Lithium PLC’s (ALTM) raw stochastic average was set at 90.25%, which indicates a significant increase from 41.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 12.11% in the past 14 days, which was lower than the 83.95% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.77, while its 200-day Moving Average is $4.05. Nevertheless, the first resistance level for the watch stands at $5.27 in the near term. At $5.28, the stock is likely to face the second major resistance level. The third major resistance level sits at $5.29. If the price goes on to break the first support level at $5.24, it is likely to go to the next support level at $5.23. Assuming the price breaks the second support level, the third support level stands at $5.22.
Arcadium Lithium PLC (NYSE: ALTM) Key Stats
With a market capitalization of 5.67 billion, the company has a total of 1,075,630K Shares Outstanding. Currently, annual sales are 882,500 K while annual income is 330,100 K. The company’s previous quarter sales were 203,100 K while its latest quarter income was 16,100 K.
