Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. Year to date metric has recorded a loss of -24.82%.However, over the last six months, we can see a weaker performance of 27.68%. Over the last 30 days, the price of ALTM has leaped by -4.83%. And in the last five days, it has fallen by -0.78%.
The company’s stock achieved a 1-year high of $7.27 on 12/28/23, and the lowest price during that time was $2.19, recorded on 09/06/24.
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52-week price history of ALTM Stock
The history of a stock’s 52-week high and low prices can provide important information about its current state and future potential. Arcadium Lithium PLC’s current trading price is -29.57% away from its 52-week high, while its distance from the 52-week low is 133.36%. The stock’s price range for this period has been between $2.19 and $7.27. The Basic Materials sector company’s shares saw a trading volume of about 9.24 million for the day, which was lower than the average daily volume of 22.86 million over the last three months.
The Connection Between Financial Performance and Market Capitalization
Arcadium Lithium PLC (ALTM) has experienced a quarterly rise of 126.55% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 5.66B and boasts a workforce of 2900 employees.
How Moving Averages and Trading Volume Data Work Together
Based on Barchart.com data, the company’s moving average over the 100-day period was 3.91, with a change in price of +1.50. Similarly, Arcadium Lithium PLC recorded 18,638,627 in trading volume during the last 100 days, posting a change of +41.44%.
ALTM’s Debt-to-Equity Ratio: A Comprehensive Review
A key metric for assessing a company’s financial well-being and market status is the debt-to-equity (D/E) ratio. This ratio is derived by dividing a company’s total liabilities by its shareholders’ equity, and it demonstrates the level of debt a company uses to support its assets relative to shareholder 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 last 50 days is at 83.66%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 35.71%. Further, the company’s Stochastic %K and %D values for the last 20 days were 42.60% and 38.34%, respectively.
