On November 11, 2024, Scotiabank Downgraded Arcadium Lithium PLC (NYSE: ALTM) to Sector Perform. A report published by UBS on September 03, 2024, Initiated its previous ‘Neutral’ rating for ALTM. Deutsche Bank also rated ALTM shares as ‘Hold’, setting a target price of $3 on the company’s shares in an initiating report dated August 22, 2024. Goldman Initiated an Neutral rating on June 27, 2024, and assigned a price target of $4.30. RBC Capital Mkts initiated its ‘Outperform’ rating for ALTM, as published in its report on June 26, 2024. Argus’s report from May 03, 2024 suggests a price prediction of $6.25 for ALTM shares, giving the stock a ‘Buy’ rating. Raymond James also rated the stock as ‘Strong Buy’.
Analysis of Arcadium Lithium PLC (ALTM)
Further, the quarter-over-quarter decrease in sales is -3.93%, showing a negative trend in the upcoming months.
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Arcadium Lithium PLC’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 20.46% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.65, 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.
The average volume for any stock is also a very valuable indicator of volatility, and ALTM has an average volume of 22.85M. On a monthly basis, the volatility of the stock is set at 1.71%, whereas on a weekly basis, it is put at 1.96%, with a gain of 0.20% over the past seven days. Furthermore, long-term investors anticipate a median target price of $5.97, showing growth from the present price of $5.12, 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?
Specialty Chemicals giant Arcadium Lithium PLC (ALTM) is based in the Ireland and is one of the largest companies in the market. When comparing Arcadium Lithium PLC shares with other companies under Basic Materials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 36.94, there is a growth in quarterly earnings of -91.88%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 3.97%. 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 60.09% 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 60.09% at present.
