A share price of Arcadium Lithium PLC [ALTM] is currently trading at $4.97, down -1.78%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ALTM shares have lost -2.93% over the last week, with a monthly amount drifted -4.42%, 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 December 12, 2024, when Argus downgraded its rating to a Hold. Previously, Scotiabank downgraded its rating to Sector Perform on November 11, 2024, and kept the price target unchanged to $5.85. On September 03, 2024, UBS initiated with a Neutral rating and assigned a price target of $3 on the stock. Deutsche Bank started tracking the stock assigning a Hold rating and suggested a price target of $3 on August 22, 2024. Goldman initiated its recommendation with a Neutral and recommended $4.30 as its price target on June 27, 2024. RBC Capital Mkts started tracking with a Outperform rating for this stock on June 26, 2024, and assigned it a price target of $4. In a note dated May 03, 2024, Argus initiated an Buy rating and provided a target price of $6.25 on this stock.
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 $5.28 within the next 12 months. Arcadium Lithium PLC [NYSE: ALTM] shares were valued at $4.97 at the most recent close of the market. An investor can expect a potential return of 6.24% based on the average ALTM price forecast.
Analyzing the ALTM fundamentals
Trailing Twelve Months sales for Arcadium Lithium PLC [NYSE:ALTM] were 900.60M which represents -3.93% decline. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.27%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.03 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.12.
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 4.91 points at the first support level, and at 4.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.06, and for the 2nd resistance point, it is at 5.14.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Arcadium Lithium PLC [NYSE:ALTM] is 1.18. Also, the Quick Ratio is 0.65, while the Cash Ratio stands at 0.19. Considering the valuation of this stock, the price to sales ratio is 5.94, the price to book ratio is 0.85 and price to earnings (TTM) ratio is 35.86.
Transactions by insiders
Recent insider trading involved Antoniazzi Gilberto, CFO, VP & Treasurer, that happened on Nov 14 ’24 when 0.17 million shares were sold. Chief Operations Officer, Fochtman Barbara A completed a deal on Nov 13 ’24 to sell 51748.0 shares. Meanwhile, Chief Operations Officer Fochtman Barbara A sold 9624.0 shares on Nov 13 ’24.
