A share price of Arcadium Lithium PLC [ALTM] is currently trading at $2.58, up 3.20%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ALTM shares have gain 4.45% over the last week, with a monthly amount drifted -7.19%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Arcadium Lithium PLC [NYSE: ALTM] stock has seen the most recent analyst activity on September 03, 2024, when UBS initiated its Neutral rating and assigned the stock a price target of $3. Previously, Deutsche Bank started tracking the stock with Hold rating on August 22, 2024, and set its price target to $3. On June 27, 2024, Goldman initiated with a Neutral rating and assigned a price target of $4.30 on the stock. RBC Capital Mkts started tracking the stock assigning a Outperform rating and suggested a price target of $4 on June 26, 2024. Argus initiated its recommendation with a Buy and recommended $6.25 as its price target on May 03, 2024. Raymond James upgraded its rating to Strong Buy for this stock on April 03, 2024, but kept the price target unchanged to $9. In a note dated March 01, 2024, Wolfe Research initiated an Peer Perform rating.
Arcadium Lithium PLC experienced fluctuations in its stock price throughout the past year between $2.19 and $7.27. Currently, Wall Street analysts expect the stock to reach $5.34 within the next 12 months. Arcadium Lithium PLC [NYSE: ALTM] shares were valued at $2.58 at the most recent close of the market. An investor can expect a potential return of 106.98% based on the average ALTM price forecast.
Analyzing the ALTM fundamentals
Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.38%, and Net Profit Margin reading is 0.24%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.05 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.1.
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 2.54 points at the first support level, and at 2.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.65, and for the 2nd resistance point, it is at 2.71.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Arcadium Lithium PLC [NYSE:ALTM] is 2.26. In addition, the Quick Ratio stands at 1.56 and the Cash Ratio stands at 0.8.
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 24 ’24 to buy 10000.0 shares. Meanwhile, Director Marcet Pablo bought 10000.0 shares on May 29 ’24.
