Analysts’ Views On Livent Corporation (LTHM)

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Livent Corporation (NYSE:LTHM) finished Thursday with a subtraction of -$1.23 to close at $30.38, a downside of -3.89 percent. An average of 3,467,799 shares of common stock have been traded in the last five days. There was a fall of -$3.09 in the past week, and it reached a new high 19 times over the past 12 months. The last 20 days have seen an average of 4,388,655 shares traded, while the 50-day average volume stands at 4,145,688.

LTHM stock has increased by 4.22% in the last month. The company shares reached their 1-month lowest point of $29.61 on 09/23/22. With the stock rallying to its 52-week high on 09/09/22, shares of the company touched a low of $19.35 and a high of $36.38 in 52 weeks. It has reached a new high 15 times so far this year and achieved 29.66% or $5.83 in price. In spite of this, the price is down -16.49% from the 52-week high.


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Insider Transactions

4 days have passed since Livent Corporation (LTHM) last reported insider trading activity. Antoniazzi Gilberto, who is Vice President and CFO, most recently acquired $3,635 shares at $32.54 per share on Sep 19. In this transaction, the insider spent $118,272. President and CEO, Graves Paul W, disposed of 85,171 shares at a price of $35.00 on Sep 09. The insider now owns more than $2,980,985 worth of shares. Prior to that, Vice President and CFO Antoniazzi Gilberto went on to Sale 4,300 shares at $23.32 each on Oct 11. An amount of $100,276 was transacted.

Valuation Metrics

Livent Corporation (LTHM) has a trailing price-to-earnings (P/E) ratio of 59.42. The stock’s beta is 1.87. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 9.63, the price-to-book (PB) ratio at 4.12.

Financial Health

The quick ratio of Livent Corporation for the three months ended June 29 was 1.50, and the current ratio was 2.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.19 and a total debt to equity ratio of 0.20 for the quarter ending June 29. Its gross profit as reported stood at $88.4 million compared to revenue of $420.4 million.

Earnings Surprise

For the three-month period that ended June 29, Livent Corporation had $241.2 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $60.0 million in the quarter, while revenues of $53.2 million were grew 89.17%. The analyst consensus anticipated Livent Corporation’s latest quarter earnings to come in at $0.29 per share, but it turned out to be $0.37, a 27.60% surprise. For the quarter, EBITDA amounted to $91.1 million. Shareholders own equity worth $179.27 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Livent Corporation (LTHM) price momentum. RSI 9-day as of the close on 22 September was 35.66%, suggesting the stock is Neutral, with historical volatility in this time frame at 55.00%.

As of today, LTHM’s price is $32.80 -9.28% or -$3.09 from its 5-day moving average. LTHM is currently trading -9.52% lower than its 20-day SMA and +41.37% higher than its 100-day SMA. However, the stock’s current price level is +50.30% above the SMA50 and +11.07% above the SMA200.

The stochastic %K and %D were 30.64% and 48.09%, respectively, and the average true range (ATR) was 2.08. With the 14-day stochastic at 8.86% and the average true range at 2.01, the RSI (14) stands at 43.81%. The stock has reached -1.45 on the 9-day MACD Oscillator while the 14-day reading was at -1.51.

Analyst Ratings

The consensus rating for Livent Corporation (LTHM) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell LTHM, while 10 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 7 others rate it as a “buy”.

What is LTHM’s price target for the next 12 months?

Analysts predict a range of price targets between $26.00 and $45.00, with a median target of $33.00. Taking a look at these predictions, the average price target given by analysts for Livent Corporation (LTHM) stock is $33.09.

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