Arcadium Lithium PLC [ALTM] stock is trading at $4.45, up 6.21%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ALTM shares have gain 3.25% over the last week, with a monthly amount drifted -12.06%, and not seem to be holding up well over a long-time horizon.
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On 15, March 2024, Arcadium Lithium Responds to Provincial Court Ruling in Argentina. In a post published today on Yahoo Finance, Arcadium Lithium plc (NYSE: ALTM, ASX: LTM, “Arcadium Lithium”) today released the following statement in response to a recent court ruling by the Court of Justice in the Province of Catamarca. The ruling temporarily halts the issuance of new environmental permits and authorizations for the Los Patos River area until the provincial government completes an environmental impact assessment that takes into consideration the cumulative impact of all projects in the area.
From an analyst’s perspective:
Arcadium Lithium PLC [NYSE: ALTM] stock has seen the most recent analyst activity on April 03, 2024, when Raymond James upgraded its rating to a Strong Buy but kept the price target unchanged to $9 for it. On February 07, 2024, Piper Sandler initiated with a Underweight rating and assigned a price target of $4.50 on the stock. JP Morgan started tracking the stock assigning a Neutral rating and suggested a price target of $5 on January 29, 2024. Macquarie initiated its recommendation with a Outperform and recommended $7.30 as its price target on January 22, 2024.
Arcadium Lithium PLC [ALTM] stock has fluctuated between $3.95 and $7.27 over the past year. Currently, Wall Street analysts expect the stock to reach $9 within the next 12 months. Arcadium Lithium PLC [NYSE: ALTM] shares were valued at $4.45 at the most recent close of the market. An investor can expect a potential return of 102.25% based on the average ALTM price forecast.
Analyzing the ALTM fundamentals
Gross Profit Margin for this corporation currently stands at 0.53% with Operating Profit Margin at 0.48%, Pretax Profit Margin comes in at 0.44%, and Net Profit Margin reading is 0.37%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.19 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.17.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 4.27 points at the first support level, and at 4.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.57, and for the 2nd resistance point, it is at 4.68.
Arcadium Lithium PLC [ALTM] reported earnings per share of $0.34 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.14/share, meaning a difference of $0.2 and a surprise factor of 142.90%.
Ratios To Look Out For
For context, Arcadium Lithium PLC’s Current Ratio is 2.41. As well, the Quick Ratio is 1.60, while the Cash Ratio is 0.88.
Transactions by insiders
Recent insider trading involved Oris de Roa Fernando, Director, that happened on Mar 06 ’24 when 5000.0 shares were purchased. Director, Marcet Pablo completed a deal on Feb 27 ’24 to buy 14034.0 shares.
