Arcadium Lithium PLC (NYSE:ALTM) does about 10.45M shares in volume on a normal day but saw 5362222 shares change hands in Monday trading. The company now has a market cap of 4.61B USD. Its current market price is $4.29, marking a decrease of -3.16% compared to the previous close of $4.43. The 52 week high reached by this stock is $7.27 whilst the lowest price level in 52 weeks is $3.67.
Arcadium Lithium PLC (ALTM) has a 20-day trading average at $4.64 and the current price is -40.99% off the 52-week high compared with 16.89% distance from its 52-week low. The 50-day simple moving average of the closing price is $4.37 and its 200-day simple moving average is $10.68. If we look at the stock’s price movements over the week, volatility stands at 5.60%, which decreases to 4.97% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 42.97 to suggest the stock is neutral.
The consensus objective for the share price is $6.95, suggesting that the stock has a potential upside of 38.27% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 03, 2024 when Argus initiated the stock to “Buy” and issued a price target of $6.25. Raymond James upgraded the stock to “Strong Buy” from Outperform on April 03, 2024 at a price target of $9.
Arcadium Lithium PLC (ALTM) stock is down -8.72% over the week and -9.30% over the past month. Its price is -37.00% year-to-date.
To reach the target analysts have set, the stock logically needs to grow 38.27 percent from here.
The forward price to earnings ratio is 11.96. Price to book ratio is 0.69.
