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The price of Arcadium Lithium PLC (NYSE: ALTM) closed at $3.24 in the last session, down -5.26% from day before closing price of $3.42. In other words, the price has decreased by -$5.26 from its previous closing price. On the day, 8.33 million shares were traded. ALTM stock price reached its highest trading level at $3.4 during the session, while it also had its lowest trading level at $3.22.
Ratios:
We take a closer look at ALTM’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.37 and its Current Ratio is at 1.98. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.09.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Goldman on June 27, 2024, initiated with a Neutral rating and assigned the stock a target price of $4.30.
On June 26, 2024, RBC Capital Mkts started tracking the stock assigning a Outperform rating and target price of $4.
On May 03, 2024, Argus started tracking the stock assigning a Buy rating and target price of $6.25.Argus initiated its Buy rating on May 03, 2024, with a $6.25 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jun 21 ’24 when Turner John Stephen Morris bought 5,000 shares for $3.23 per share. The transaction valued at 16,150 led to the insider holds 5,000 shares of the business.
Marcet Pablo bought 10,000 shares of ALTM for $45,000 on May 29 ’24. The Director now owns 65,674 shares after completing the transaction at $4.50 per share. On May 24 ’24, another insider, Marcet Pablo, who serves as the Director of the company, bought 10,000 shares for $4.70 each. As a result, the insider paid 47,000 and bolstered with 55,674 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ALTM now has a Market Capitalization of 3483615744 and an Enterprise Value of 4428220928. Its current Enterprise Value per Revenue stands at 4.974 whereas that against EBITDA is 11.375.
Stock Price History:
Over the past 52 weeks, ALTM has reached a high of $7.27, while it has fallen to a 52-week low of $3.10. The 50-Day Moving Average of the stock is -15.39%, while the 200-Day Moving Average is calculated to be -26.89%.
Shares Statistics:
According to the various share statistics, ALTM traded on average about 10.03M shares per day over the past 3-months and 7669360 shares per day over the past 10 days. A total of 1.07B shares are outstanding, with a floating share count of 1.07B. Shares short for ALTM as of 1721001600 were 82303956 with a Short Ratio of 8.20, compared to 1718323200 on 76331169. Therefore, it implies a Short% of Shares Outstanding of 82303956 and a Short% of Float of 8.61.
