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The price of Arcadium Lithium PLC (NYSE: ALTM) closed at $2.71 in the last session, down -1.81% from day before closing price of $2.76. In other words, the price has decreased by -$1.81 from its previous closing price. On the day, 11.42 million shares were traded. ALTM stock price reached its highest trading level at $2.78 during the session, while it also had its lowest trading level at $2.665.
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 1.56 and its Current Ratio is at 2.26. In the meantime, Its Debt-to-Equity ratio is 0.11 whereas as Long-Term Debt/Eq ratio is at 0.10.
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, Deutsche Bank on August 22, 2024, initiated with a Hold rating and assigned the stock a target price of $3.
On June 27, 2024, Goldman started tracking the stock assigning a Neutral rating and 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.RBC Capital Mkts initiated its Outperform rating on June 26, 2024, with a $4 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 $47,000 on May 24 ’24. The Director now owns 55,674 shares after completing the transaction at $4.70 per share. On May 29 ’24, another insider, Marcet Pablo, who serves as the Director of the company, bought 10,000 shares for $4.50 each. As a result, the insider paid 45,000 and bolstered with 65,674 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 2914333952 and an Enterprise Value of 4048729344. Its current Enterprise Value per Revenue stands at 4.455 whereas that against EBITDA is 16.472.
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 $2.50. The 50-Day Moving Average of the stock is -14.20%, while the 200-Day Moving Average is calculated to be -35.77%.
Shares Statistics:
According to the various share statistics, ALTM traded on average about 11.08M shares per day over the past 3-months and 11378030 shares per day over the past 10 days. A total of 1.07B shares are outstanding, with a floating share count of 1.03B. Insiders hold about 3.86% of the company’s shares, while institutions hold 64.42% stake in the company. Shares short for ALTM as of 1722384000 were 78645364 with a Short Ratio of 6.49, compared to 1719532800 on 84964757. Therefore, it implies a Short% of Shares Outstanding of 78645364 and a Short% of Float of 8.229999000000001.
