Arcadium Lithium PLC [ALTM] stock prices are down -1.23% to $3.22 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ALTM shares have gain 0.94% over the last week, with a monthly amount drifted -27.31%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Arcadium Lithium PLC [NYSE: ALTM] stock has seen the most recent analyst activity on June 27, 2024, when Goldman initiated its Neutral rating and assigned the stock a price target of $4.30. Previously, RBC Capital Mkts started tracking the stock with Outperform rating on June 26, 2024, and set its price target to $4. On May 03, 2024, Argus initiated with a Buy rating and assigned a price target of $6.25 on the stock. Raymond James upgraded its rating to a Strong Buy but stick to its price target of $9 on April 03, 2024. Wolfe Research initiated its recommendation with a Peer Perform. Piper Sandler started tracking with a Underweight rating for this stock on February 07, 2024, and assigned it a price target of $4.50. In a note dated January 29, 2024, JP Morgan initiated an Neutral rating and provided a target price of $5 on this stock.
The stock price of Arcadium Lithium PLC [ALTM] has been fluctuating between $3.10 and $7.27 over the past year. Currently, Wall Street analysts expect the stock to reach $5.56 within the next 12 months. Arcadium Lithium PLC [NYSE: ALTM] shares were valued at $3.22 at the most recent close of the market. An investor can expect a potential return of 72.67% based on the average ALTM price forecast.
Analyzing the ALTM fundamentals
Gross Profit Margin for this corporation currently stands at 0.5% with Operating Profit Margin at 0.43%, Pretax Profit Margin comes in at 0.36%, and Net Profit Margin reading is 0.25%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.08 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.1.
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 3.15 points at the first support level, and at 3.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.35, and for the 2nd resistance point, it is at 3.47.
Ratios To Look Out For
It’s worth pointing out that Arcadium Lithium PLC [NYSE:ALTM]’s Current Ratio is 1.98. Further, the Quick Ratio stands at 1.37, while the Cash Ratio is 0.88.
Transactions by insiders
Recent insider trading involved Turner John Stephen Morris, Director, that happened on Jun 21 ’24 when 5000.0 shares were purchased. Director, Marcet Pablo completed a deal on May 29 ’24 to buy 10000.0 shares. Meanwhile, Director Marcet Pablo bought 10000.0 shares on May 24 ’24.
