Arcadium Lithium (ALTM) Stock Price, News & Analysis

Company Overview

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. The company also owns interest in various properties located in Argentina, Canada, and Western Australia. Arcadium Lithium plc was founded in 1944 and is based in Shannon, Ireland.

Key Stats

• Today's Range: $5.36 to $5.47
• 50-Day Range: $2.26 to $5.56
• 52-Week Range: $2.19 to $18.77
• Volume: 12.52 million shs
• Average Volume: 15.69 million shs
• Market Capitalization: $5.84 billion
• P/E Ratio: 7.99
• Dividend Yield: N/A
• Price Target: $11.00
• Consensus Rating: Hold

Arcadium Lithium Stock Analysis - MarketRank™

Arcadium Lithium scored higher than 75% of companies evaluated by MarketBeat, and ranked 77th out of 189 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.1 / 5
• Analyst Rating: Hold

Consensus Rating

Arcadium Lithium has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on no buy ratings, 7 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Arcadium Lithium has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Arcadium Lithium is 7.99, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.15.

Price to Earnings Ratio vs. Sector

The P/E ratio of Arcadium Lithium is 7.99, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 126.21.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

7.37% of the float of Arcadium Lithium has been sold short.

Short Interest Ratio / Days to Cover

Arcadium Lithium has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Arcadium Lithium has recently decreased by 6.76%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: Weak

Dividend Yield

Arcadium Lithium does not currently pay a dividend.

Dividend Growth

Arcadium Lithium does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Arcadium Lithium is 882.35%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

7.37% of the float of Arcadium Lithium has been sold short.

Short Interest Ratio / Days to Cover

Arcadium Lithium has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Arcadium Lithium has recently decreased by 6.76%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.7 / 5
• News Sentiment: 0.65

News Sentiment

Arcadium Lithium has a news sentiment score of 0.65. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.31 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Arcadium Lithium this week, compared to 2 articles on an average week.

Search Interest

31 people have searched for ALTM on MarketBeat in the last 30 days. This is an increase of 138% compared to the previous 30 days.

MarketBeat Follows

20 people have added Arcadium Lithium to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Arcadium Lithium insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.39% of the stock of Arcadium Lithium is held by insiders.

Percentage Held by Institutions

Only 27.00% of the stock of Arcadium Lithium is held by institutions.

ALTM Stock Analysis - Frequently Asked Questions

How have ALTM shares performed this year?

Arcadium Lithium's stock was trading at $6.82 at the beginning of 2024. Since then, ALTM shares have decreased by 20.4% and is now trading at $5.43.
View the best growth stocks for 2024 here.

How were Arcadium Lithium's earnings last quarter?

Arcadium Lithium plc (NYSE:ALTM) issued its quarterly earnings results on Tuesday, August, 6th. The company reported $0.05 EPS for the quarter, hitting analysts' consensus estimates of $0.05. The firm earned $254.50 million during the quarter, compared to analyst estimates of $253.63 million.

How do I buy shares of Arcadium Lithium?

Shares of ALTM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Arcadium Lithium own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Arcadium Lithium investors own include NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), Advanced Micro Devices (AMD), Chevron (CVX), Visa (V) and Netflix (NFLX).

Company Calendar

• Last Earnings: 8/06/2024
• Today: 11/01/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Basic Materials
• Industry: Specialty Chemicals
• Sub-Industry: Chemicals
• Current Symbol: NYSE:ALTM
• Previous Symbol: NYSE:ALTM
• CUSIP: N/A
• CIK: 1977303
• Web: arcadiumlithium.com
• Phone: 353-1-6875238
• Fax: N/A
• Employees: 1,470
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $11.00
• High Stock Price Target: $11.00
• Low Stock Price Target: $11.00
• Potential Upside/Downside: +102.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.25
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: 7.99
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: $1.21 billion
• Price / Sales: 4.83
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: 1,075,427,000
• Free Float: N/A
• Market Cap: $5.84 billion
• Optionable: N/A
• Beta: 1.61