Arcadium Lithium PLC (NYSE: ALTM) Now $3.10 Higher From Its Low (0.28), Does It Still Have A Growth Story?

Arcadium Lithium PLC (NYSE:ALTM) currently has a daily average trading volume of 10.16M but it saw 5973784 shares traded in last market. With a market cap of 3.63B USD, the company’s current market price of $3.38 came rising about 3.36 while comparing to the previous closing price of $3.27. In past 52 weeks, the stock remained buoying in the range of price level as high as $7.27 and as low as $3.10.

Taking a look at 20-day trading activity of Arcadium Lithium PLC (ALTM) gives us an average price of $3.42, while its current price level is -53.51% below from 52-week high level whereas it is 9.03% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $4.10 while that of 200 days or SMA-200 reads an average of $8.53. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.21% during that period while stretching the period over a month that increases to 5.76%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 42.11 which implies that the stock is in neutral territory.

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The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Goldman which initiated the stock as “Neutral” in its note to investors issued on June 27, 2024, recommending a price target of $4.30 for it. Argus also issued its recommendations for the stock as it initiated the price target for the stock is $6.25.

Over the week, ALTM’s stock price is moving 4.97% up while it is -18.36% when we observe its performance for the past one month. Year-to-date it is -50.37% down and over the past year.

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Currently, Arcadium Lithium PLC’s total number of outstanding shares is 1.07B. It has a 10.01 of forward P/E ratio. Stock has a price to book (P/B) ratio of 0.54.

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