Now Is A Suitable Moment For A Long-Term Purchase Of Arcadium Lithium PLC (NYSE: ALTM)

Currently, there are 1.08B common shares owned by the public and among those 1.03B shares have been available to trade.

The company’s stock has a 5-day price change of -2.46% and 110.61% over the past three months. It has a 12-month low price of $2.19 and touched a high of $7.27 over the same period. ALTM has an average intraday trading volume of 22.75 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 -2.44%, 7.07%, and 27.20% respectively.

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Institutional ownership of Arcadium Lithium PLC (NYSE: ALTM) shares accounts for 60.04% of the company’s 1.08B shares outstanding.

It has a market capitalization of $5.57B. The stock’s trailing 12-month PE ratio is 37.23, while the earnings-per-share (ttm) stands at $0.14. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.26% over the week and 1.62% over the month.

Earnings per share for the fiscal year are expected to decrease by -91.44%, and -6.16% over the next financial year.

Looking at the support for the ALTM, a number of firms have released research notes about the stock. Scotiabank stated their Sector Perform rating for the stock in a research note on November 11, 2024, with the firm’s price target at $5.85. UBS coverage for the Arcadium Lithium PLC (ALTM) stock in a research note released on September 03, 2024 offered a Neutral rating with a price target of $3. Deutsche Bank was of a view on August 22, 2024 that the stock is Hold, while Goldman gave the stock Neutral rating on June 27, 2024, issuing a price target of $4.30. RBC Capital Mkts on their part issued Outperform rating on June 26, 2024.

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