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 -29.30% away from its 52-week high, while its distance from the 52-week low is 134.28%. 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 6.82 million for the day, considerably lower average daily volume of 23.42 million observed over the last three months.
The highest value for the stock in the past year was $7.27 on 01/02/24, while the lowest value was $2.19 on 09/06/24.
How Financial Performance Impacts Market Capitalization
Arcadium Lithium PLC (ALTM) has experienced a quarterly rise of 80.35% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 5.46B 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 4.18, with a change in price of +2.46. Similarly, Arcadium Lithium PLC recorded 18,700,783 in trading volume during the last 100 days, posting a change of +91.79%.
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 last 50 days is at 45.21%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 68.75%. Further, the company’s Stochastic %K and %D values for the last 20 days were 71.53% and 78.25%, respectively.
ALTM Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. Until today this year the stock’s price performance recorded a decrease of -24.52%. However, over the last six months, the performance has been weaker by 57.67%. The price of ALTM decreased -1.72% over the last 30 days. And in the last five days, it has surged by 5.98%.
