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ALTM’s Stock Journey: What Investors Need to Know About Arcadium Lithium PLC’s Performance

ELVT Stock

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.

52-week price history of ALTM Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Arcadium Lithium PLC’s current trading price is -29.44% away from its 52-week high, while its distance from the 52-week low is 133.82%. The stock’s price range during this period has fluctuated between $2.19 and $7.27. Shares of the company, which operates in the Basic Materials sector, recorded a trading volume of around 3.63 million for the day, which was evidently lower than the average daily volume of 22.71 million over the last three months.

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Financial Performance and Market Capitalization

Arcadium Lithium PLC (ALTM) has experienced a quarterly rise of 107.69% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 5.44B and boasts a workforce of 2900 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 3.99, with a change in price of +1.81. Similarly, Arcadium Lithium PLC recorded 18,632,838 in trading volume during the last 100 days, posting a change of +54.68%.

ALTM Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of 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

The raw stochastic average for Arcadium Lithium PLC over the last 50 days is presently at 71.25%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 38.46%. Further, the company’s Stochastic %K and %D values for the last 20 days were 47.86% and 47.29%, respectively.

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. This year’s metric has recorded a Price decrease of -24.67%. However, over the past six months, we’ve seen a weaker performance of 51.78%. The price of ALTM leaped by -1.72% over the last 30 days. And in the last five days, it has surged by 0.20%.

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