Arcadium Lithium plc (NYSE: ALTM) Hogging The Spotlight Today

With over 22.72 million Arcadium Lithium plc (ALTM) shares trading Monday and a closing price of $6.82 on the day, the dollar volume was approximately $154.94 million. Currently, there are 179.70M common shares owned by the public and among those 178.67M shares have been available to trade.

The top 3 mutual fund holders in Arcadium Lithium plc are Nationwide Small Cap Index Fund, Nationwide Mid Cap Market Index F, and Nationwide VIT – Multi Manager Sm. Nationwide Small Cap Index Fund owns 92984.0 shares of the company’s stock, all valued at over $0.0. The company bought an additional 92984.0 shares recently to bring their total holdings to about 0.00% of the shares outstanding. Nationwide VIT – Multi Manager Sm bought 61393.0 shares to bring its total holdings to over 61393.0 shares at a value of $0.0. Nationwide VIT – Multi Manager Sm now owns shares totaling to 0.00% of the shares outstanding.

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Shares of Arcadium Lithium plc (NYSE: ALTM) opened at $6.92, down -$0.19 from a prior closing price of $7.11. It has a 12-month low price of $6.50 and touched a high of $7.27 over the same period. ALTM has an average intraday trading volume of 79.88 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.01%, -2.01%, and -2.01% respectively.

Institutional ownership of Arcadium Lithium plc (NYSE: ALTM) shares accounts for 96.10% of the company’s 179.70M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.

It has a market capitalization of $7.02B. The stock’s trailing 12-month PE ratio is 3.80, while the earnings-per-share (ttm) stands at $1.79. The company has a PEG of 0.13 and a Quick Ratio of 2.00 with the debt-to-equity ratio at 0.14.

Analysts forecast that Arcadium Lithium plc (ALTM) will achieve an EPS of $0.37 for the current quarter, $0.42 for the next quarter and $1.72 for 2024. The lowest estimate earnings-per-share for the quarter is $0.24 while analysts give the company a high EPS estimate of $0.4. Comparatively, EPS for the current quarter was $0.4 a year ago. Earnings per share for the fiscal year are expected to increase by 37.90%, and -10.67% over the next financial year. EPS should grow at an annualized rate of 30.30% over the next five years, compared to 29.50% over the past 5-year period.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 4 brokerage firm advisors rate Arcadium Lithium plc (ALTM) as a “Moderate Buy” at a consensus score of 2.20. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 0 of the 4 advise that investors “hold,” and 0 rated it as a “Sell.”

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