While Arcadium Lithium PLC has overperformed by 1.76%, investors are advised to look at stock chart patterns for technical insight.
On March 01, 2024, Wolfe Research started tracking Arcadium Lithium PLC (NYSE: ALTM) recommending Peer Perform. A report published by Piper Sandler on February 07, 2024, Initiated its previous ‘Underweight’ rating for ALTM. JP Morgan also rated ALTM shares as ‘Neutral’, setting a target price of $5 on the company’s shares in an initiating report dated January 29, 2024. Macquarie Initiated an Outperform rating on January 22, 2024, and assigned a price target of $7.30. Vertical Research initiated its ‘Hold’ rating for ALTM, as published in its report on January 10, 2024.
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Analysis of Arcadium Lithium PLC (ALTM)
In order to gain a clear picture of Arcadium Lithium PLC’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. Taking into account the quick ratio of the company, currently set at 1.60, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 16.28M can be a very valuable indicator of volatility for ALTM stock. On a monthly basis, the volatility of the stock is set at 6.36%, whereas on a weekly basis, it is put at 5.72%, with a loss of -5.91% over the past seven days. Furthermore, long-term investors anticipate a median target price of $7.39, showing growth from the present price of $4.62, which can serve as yet another indication of whether ALTM is worth investing in or should be passed over.
How Do You Analyze Arcadium Lithium PLC Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.21%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 0.52% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ALTM shares are owned by institutional investors to the tune of 0.52% at present.
