Arcadium Lithium (NYSE:ALTM) Reaches New 52-Week High – Here’s What Happened

Posted by Jared Coughlin on Jan 31st, 2025

Shares of Arcadium Lithium plc (NYSE:ALTM – Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $5.76 and last traded at $5.76, with a volume of 8268672 shares trading hands. The stock had previously closed at $5.72.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ALTM shares. B. Riley downgraded shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Hsbc Global Res raised shares of Arcadium Lithium to a “hold” rating in a research note on Thursday, October 10th. Argus downgraded shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 12th. Piper Sandler raised shares of Arcadium Lithium from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 16th. Finally, KeyCorp downgraded shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. Ten equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Arcadium Lithium presently has an average rating of “Hold” and an average target price of $11.00.

View Our Latest Research Report on Arcadium Lithium

Arcadium Lithium Stock Down 0.3 %

The stock has a market capitalization of $6.16 billion, a P/E ratio of 21.20 and a beta of 1.43. The firm’s 50 day simple moving average is $5.35 and its two-hundred day simple moving average is $4.29.

Arcadium Lithium (NYSE:ALTM – Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The business had revenue of $203.10 million for the quarter, compared to analysts’ expectations of $263.14 million.

About Arcadium Lithium

(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.