Arcadium Lithium (NYSE:ALTM) Sees Strong Trading Volume – Should You Buy?

Posted by Stacy Sanders on Oct 14th, 2024

Arcadium Lithium plc (NYSE:ALTM – Get Free Report) shares saw an uptick in trading volume on Monday . 8,428,635 shares traded hands during mid-day trading, a decline of 44% from the previous session’s volume of 15,154,540 shares.The stock last traded at $5.53 and had previously closed at $5.56.

Analysts Set New Price Targets

A number of brokerages have commented on ALTM. KeyCorp lowered shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Hsbc Global Res raised shares of Arcadium Lithium to a “hold” rating in a research report on Thursday. UBS Group raised shares of Arcadium Lithium to a “hold” rating in a research report on Tuesday, September 3rd. Raymond James lowered Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Thursday. Finally, Royal Bank of Canada upgraded Arcadium Lithium to a “moderate buy” rating in a report on Tuesday, June 25th. Four research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Arcadium Lithium has an average rating of “Hold” and a consensus price target of $11.00.

Get Our Latest Analysis on ALTM

Arcadium Lithium Stock Down 0.5 %

The company has a market capitalization of $5.95 billion, a P/E ratio of 5.35 and a beta of 1.61. The business’s 50-day moving average is $2.87 and its two-hundred day moving average is $3.58.

Arcadium Lithium (NYSE:ALTM – Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. The firm had revenue of $254.50 million for the quarter, compared to the consensus estimate of $253.63 million.

Arcadium Lithium Company Profile

(Get Free Report)

Arcadium Lithium plc engages in the production of lithium chemicals products in the Asia Pacific, North America, Europe, the Middle East, Africa, and Latin America. It offers battery-grade lithium hydroxide, lithium carbonate, butyllithium and high purity lithium metal for electric vehicles, electronics, agricultural, industrial, greases, polymers, pharmaceutical, battery, and aerospace applications.