Arcadium Lithium (NYSE:ALTM) Reaches New 12-Month High – Should You Buy?

Arcadium Lithium plc (NYSE:ALTMGet Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as $5.73 and last traded at $5.72, with a volume of 3396973 shares changing hands. The stock had previously closed at $5.71.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Hsbc Global Res upgraded Arcadium Lithium to a “hold” rating in a report on Thursday, October 10th. Macquarie lowered shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 15th. TD Cowen downgraded shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 14th. Piper Sandler upgraded Arcadium Lithium from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 16th. Finally, B. Riley downgraded Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 12th. Ten analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $11.00.

View Our Latest Research Report on ALTM

Arcadium Lithium Price Performance

The company has a market capitalization of $6.16 billion, a price-to-earnings ratio of 21.22 and a beta of 1.43. The business’s 50-day moving average price is $5.24 and its two-hundred day moving average price is $4.12.

Arcadium Lithium (NYSE:ALTMGet Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.04). The company had revenue of $203.10 million for the quarter, compared to analyst estimates of $263.14 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.

Further Reading

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