Arcadium Lithium plc (NYSE:ALTM - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $4.97, but opened at $5.17. Arcadium Lithium shares last traded at $5.20, with a volume of 2,756,164 shares traded.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on ALTM shares. Hsbc Global Res raised shares of Arcadium Lithium to a "hold" rating in a research note on Thursday, October 10th. Macquarie lowered Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 15th. Argus lowered Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a report on Thursday, December 12th. Scotiabank cut Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 11th. Finally, TD Cowen lowered Arcadium Lithium from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 14th. Ten equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $11.00.
Read Our Latest Stock Analysis on Arcadium Lithium
Arcadium Lithium Stock Performance
The business has a 50-day simple moving average of $5.28 and a two-hundred day simple moving average of $3.90. The company has a market capitalization of $5.66 billion, a price-to-earnings ratio of 19.48 and a beta of 1.44.
Arcadium Lithium (NYSE:ALTM - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.04). The company had revenue of $203.10 million during the quarter, compared to analysts' expectations of $263.14 million.
About Arcadium Lithium
(
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.
Further Reading
Before you consider Arcadium Lithium, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Arcadium Lithium wasn't on the list.
While Arcadium Lithium currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
