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The closing price of Arcadium Lithium PLC (NYSE: ALTM) was $3.68 for the day, down -0.81% from the previous closing price of $3.71. In other words, the price has decreased by -$0.81 from its previous closing price. On the day, 8.96 million shares were traded. ALTM stock price reached its highest trading level at $3.78 during the session, while it also had its lowest trading level at $3.59.
Ratios:
Our analysis of ALTM’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 3988973056 and an Enterprise Value of 4901305344. Its current Enterprise Value per Revenue stands at 5.506 whereas that against EBITDA is 12.59.
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 -8.62%, while the 200-Day Moving Average is calculated to be -18.02%.
Shares Statistics:
ALTM traded an average of 10.11M shares per day over the past three months and 7847850 shares per day over the past ten days. A total of 1.07B shares are outstanding, with a floating share count of 1.07B. Shares short for ALTM as of 1719532800 were 84964757 with a Short Ratio of 8.41, compared to 1717113600 on 69851901. Therefore, it implies a Short% of Shares Outstanding of 84964757 and a Short% of Float of 8.89.
