Does Arcadium Lithium PLC (ALTM) Stock Really Excited You?

Piper Sandler raised the price target for the Arcadium Lithium PLC (NYSE:ALTM) stock to “an Underweight”. The rating was released on February 07, 2024, according to finviz.

Historical Earnings Surprises and Revenue Forecasts

It appears that the average earnings per share estimate for the current quarter (ending in Dec 2023) is $0.07. This is an average of 4 analysts’ earnings, where the high earnings per share estimate is $0.13 and the low earnings per share estimate is -$0.02. According to 3 analyst estimates, an average revenue estimate of $396.41M is projected for the current quarter with a high revenue estimate of $441.8M and a low estimate of $373M.

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The latest trade, Performances and Moving Averages give us the following Picture

The firm’s stock price fluctuated -1.50% within the last five trades and -24.30% within the last 30 trades, which was a significant change from the beginning of this year. ALTM stock is trading at a margin of -9.30%, -14.62% and -14.62% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

As of the close of trading, ALTM deals in the Basic Materials domain. The stock is trading -36.59 percent below its 52-week high and 11.08 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -68.9. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does Arcadium Lithium PLC’s Profitability and Valuation Ratios Tell Us About the Stock?

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