Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Arcadium Lithium PLC’s current trading price is -28.89% away from its 52-week high, while its distance from the 52-week low is 135.64%. The stock’s price range during this period has varied between $2.19 and $7.27. The company, active in the Basic Materials sector, saw a trading volume of around 14.59 million for the day, considerably lower average daily volume of 22.75 million observed over the last three months.
The 1-year high for the company’s stock was recorded at $7.27 on 12/28/23, with the lowest value being $2.19 on 09/06/24.
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How Financial Performance Impacts Market Capitalization
Arcadium Lithium PLC (ALTM) has experienced a quarterly rise of 111.02% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 5.58B and boasts a workforce of 2900 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 3.83, with a change in price of +1.57. Similarly, Arcadium Lithium PLC recorded 18,483,211 in trading volume during the last 100 days, posting a change of +44.48%.
How ALTM’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for ALTM stands at 0.12. Similarly, the long-term debt-to-equity ratio is also 0.08.
ALTM Stock Stochastic Average
As of today, the raw stochastic average of Arcadium Lithium PLC over the past 50 days is 84.52%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 26.00%. Additionally, the Stochastic %K and %D values for the company were 27.42% and 26.50%, respectively, over the past 20 days.
ALTM Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. The metric has seen a significant loss of -24.08% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 20.51%. Over the past 30 days, the price of ALTM has leaped by -4.08%. And in the last five days, it has fallen by -2.27%.
