Arcadium Lithium PLC (NYSE:ALTM) currently has a daily average trading volume of 21.72M but it saw 107571124 shares traded in last market. With a market cap of 6.13B USD, the company’s current market price of $5.70 came rising about 8.16 while comparing to the previous closing price of $5.27. In past 52 weeks, the stock remained buoying in the range of price level as high as $7.01 and as low as $2.19. In the recent trading on the day, stock has struck highest price mark of $5.7 while lowest mark touched by it was $5.73.
Taking a look at 20-day trading activity of Arcadium Lithium PLC (ALTM) gives us an average price of $5.14, while its current price level is -18.75% below from 52-week high level whereas it is 159.80% 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 $5.23 while that of 200 days or SMA-200 reads an average of $4.09. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.57% during that period while stretching the period over a month that increases to 2.06%. 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 72.09 which implies that the stock is in overbought territory.
Scotiabank downgraded its recommendation for the stock as a “Sector Perform” from “Sector Outperform” on November 11, 2024 while assigning a price target of $5.85. UBS issued its recommendations for the stock as it initiated the price target for the stock is $3.
Over the week, ALTM’s stock price is moving 11.11% up while it is 8.57% when we observe its performance for the past one month. Year-to-date it is 11.11% up and over the past year, the stock is showing a downside performance of -16.42%.
Currently, Arcadium Lithium PLC’s total number of outstanding shares is 1.08B. Company’s return on investment (ROI) stands at 2.29% and return on equity (ROE) at 20.46%. It has a price to earnings ratio (P/E ratio) of 41.13 while having a 40.86 of forward P/E ratio. Stock’s beta reads -2.76. Stock has a price to book (P/B) ratio of 0.97 while price to sale or P/S ratio amounts to 6.81. Its return on asset (ROA) is 12.45% on average.
