The stock of Arcadium Lithium PLC (NYSE:ALTM) last traded at $2.84, down -0.35% from the previous session.
ALTM stock price is now 3.98% away from the 50-day moving average and -29.04% away from the 200-day moving average. The market capitalization of the company currently stands at $3.05B.
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With the price target of $3, UBS recently initiated with Neutral rating for Arcadium Lithium PLC (NYSE: ALTM). On August 22, 2024, Deutsche Bank recently initiated its ‘Hold’ rating on the stock quoting a target price of $3, while ‘Goldman’ rates the stock as ‘Neutral’
In other news, Turner John Stephen Morris, Director bought 5,000 shares of the company’s stock on Jun 21 ’24. The stock was bought for $16,150 at an average price of $3.23. Upon completion of the transaction, the Director now directly owns 5,000 shares in the company, valued at $14200.0. An SEC document containing details of the transaction can be found on the SEC’s website. On May 24 ’24, Director Marcet Pablo bought 10,000 shares of the business’s stock. A total of $47,000 was incurred on buying the stock at an average price of $4.70. This leaves the insider owning 55,674 shares of the company worth $0.16 million. A total of 3.88% of the company’s stock is owned by insiders.
During the past 12 months, Arcadium Lithium PLC has had a low of $2.19 and a high of $7.27. As of last week, the company has a debt-to-equity ratio of 0.11, a current ratio of 2.26, and a quick ratio of 1.56. The fifty day moving average price for ALTM is $2.7174 and a two-hundred day moving average price translates $4.2063417 for the stock.
The latest earnings results from Arcadium Lithium PLC (NYSE: ALTM) was released for 2024-06-30. The company reported revenue of $254.5 million for the quarter, compared to $235.8 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.93 percent.
