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After finishing at $3.22 in the prior trading day, Arcadium Lithium PLC (NYSE: ALTM) closed at $3.47, up 7.76%. In other words, the price has increased by $7.76 from its previous closing price. On the day, 8.56 million shares were traded. ALTM stock price reached its highest trading level at $3.54 during the session, while it also had its lowest trading level at $3.29.
Ratios:
Our goal is to gain a better understanding of ALTM by taking a closer look at its different ratios. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 3720157440 and an Enterprise Value of 4664762880. Its current Enterprise Value per Revenue stands at 5.24 whereas that against EBITDA is 11.982.
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 -16.45%, while the 200-Day Moving Average is calculated to be -23.93%.
Shares Statistics:
The stock has traded on average 10.25M shares per day over the past 3-months and 17618040 shares per day over the last 10 days, according to various share statistics. A total of 1.07B shares are outstanding, with a floating share count of 1.07B. Insiders hold about 0.17% of the company’s shares, while institutions hold 54.88% stake in the company. Shares short for ALTM as of 1718323200 were 76331169 with a Short Ratio of 7.45, compared to 1715731200 on 70399836. Therefore, it implies a Short% of Shares Outstanding of 76331169 and a Short% of Float of 8.0.
