While Arcadium Lithium PLC has overperformed by 1.71%, investors are advised to look at stock chart patterns for technical insight.
On May 03, 2024, Argus started tracking Arcadium Lithium PLC (NYSE: ALTM) recommending Buy. A report published by Raymond James on April 03, 2024, Upgraded its rating to ‘Strong Buy’ for ALTM. Piper Sandler Initiated an Underweight rating on February 07, 2024, and assigned a price target of $4.50. JP Morgan initiated its ‘Neutral’ rating for ALTM, as published in its report on January 29, 2024. Macquarie’s report from January 22, 2024 suggests a price prediction of $7.30 for ALTM shares, giving the stock a ‘Outperform’ rating. Vertical Research also rated the stock as ‘Hold’.
Analysis of Arcadium Lithium PLC (ALTM)
One of the most important indicators of Arcadium Lithium PLC’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. 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.
For any stock, average volume can also provide valuable insight into volatility, and ALTM is recording 11.65M average volume. On a monthly basis, the volatility of the stock is set at 6.01%, whereas on a weekly basis, it is put at 5.79%, with a gain of 5.31% over the past seven days. Furthermore, long-term investors anticipate a median target price of $7.18, showing growth from the present price of $4.76, 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?
Along with the fundamentals, it is also important to consider how many employees own shares of 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 17.06% 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 17.06% at present.
