While Arcadium Lithium PLC has underperformed by -1.54%, investors are advised to look at stock chart patterns for technical insight.
On April 03, 2024, Raymond James Upgraded Arcadium Lithium PLC (NYSE: ALTM) to Strong Buy. A report published by Wolfe Research on March 01, 2024, Initiated its previous ‘Peer Perform’ rating for ALTM. Piper Sandler also rated ALTM shares as ‘Underweight’, setting a target price of $4.50 on the company’s shares in an initiating report dated February 07, 2024. JP Morgan Initiated an Neutral rating on January 29, 2024, and assigned a price target of $5. Macquarie initiated its ‘Outperform’ rating for ALTM, as published in its report on January 22, 2024.
Analysis of Arcadium Lithium PLC (ALTM)
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Arcadium Lithium PLC’s future performance, with equity being one of the most critical indicators. 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and ALTM is recording an average volume of 11.09M. On a monthly basis, the volatility of the stock is set at 5.92%, whereas on a weekly basis, it is put at 5.51%, with a loss of -3.27% over the past seven days. Furthermore, long-term investors anticipate a median target price of $7.17, showing growth from the present price of $3.84, 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?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 12.40% 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 12.40% at present.
