For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
The price of Arcadium Lithium PLC (NYSE: ALTM) closed at $3.84 in the last session, down -1.54% from day before closing price of $3.90. In other words, the price has decreased by $-1.54 from its previous closing price. On the day, 6.47 million shares were traded. ALTM stock price reached its highest trading level at $3.88 during the session, while it also had its lowest trading level at $3.7.
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 1.60 and its Current Ratio is at 2.41. In the meantime, Its Debt-to-Equity ratio is 0.17 whereas as Long-Term Debt/Eq ratio is at 0.17.
On February 07, 2024, Piper Sandler started tracking the stock assigning a Underweight rating and target price of $4.50.Piper Sandler initiated its Underweight rating on February 07, 2024, with a $4.50 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 Mar 06 ’24 when Oris de Roa Fernando bought 5,000 shares for $4.89 per share. The transaction valued at 24,450 led to the insider holds 91,000 shares of the business.
Marcet Pablo bought 14,034 shares of ALTM for $66,662 on Feb 27 ’24. The Director now owns 30,876 shares after completing the transaction at $4.75 per share.
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 4126041344 and an Enterprise Value of 4761051136. Its current Enterprise Value per Revenue stands at 5.395 whereas that against EBITDA is 11.08.
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 $3.67. The 50-Day Moving Average of the stock is -15.65%, while the 200-Day Moving Average is calculated to be -20.63%.
Shares Statistics:
According to the various share statistics, ALTM traded on average about 11.09M shares per day over the past 3-months and 8605030 shares per day over the past 10 days. A total of 1.07B shares are outstanding, with a floating share count of 1.07B. Insiders hold about 0.21% of the company’s shares, while institutions hold 12.40% stake in the company. Shares short for ALTM as of 1711584000 were 71188147 with a Short Ratio of 6.42, compared to 1709164800 on 57150703. Therefore, it implies a Short% of Shares Outstanding of 71188147 and a Short% of Float of 7.46.
Earnings Estimates
The current rating of Arcadium Lithium PLC (ALTM) is the result of assessments by Altimmune, Inc. analysts actively engaged in evaluating its market dynamics.The consensus estimate for the next quarter is $3.84, with high estimates of $30.27 and low estimates of $1.90.
