Arcadium Lithium PLC (NYSE:ALTM) traded at $3.88 at close of the session on Friday, April 26, made a downward move of -2.27% on its previous day’s price.
Looking at the stock we see that its previous close was $3.97 . In terms of its 52-week price range, ALTM has a high of $7.27 and a low of $3.67. The company’s stock has lost about -12.42% over that past 30 days.
Arcadium Lithium PLC has a market cap of $4.17 billion. Estimates by analysts give the company expected earnings per share (EPS) of $0.04, with the EPS growth for the year raised at $0.21 for 2024 and $0.32 for next year. These figures represent -88.90% and 52.40% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $284.62 million, with a low of $245.31 million and a high of $314 million. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $1.3 billion, or 47.60% up from figures reported last year.
On the other hand, looking at the outlook for the ALTM stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is -5.33% off its SMA20 and -13.76% from its 50-day simple moving average. The RSI (14) is pointing at 40.94 while the volatility over the past week is 5.43% and jumps to 5.55% over the past one month.
Coming back to Arcadium Lithium PLC (NYSE:ALTM), we note that the average 3-month trading volume was 10.94 million. Current shares outstanding are 1.07 billion.
The insiders hold 0.21% of the company’s shares while institutions hold 14.42%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -43.02% down in year-to-date price movement.
