The stock of Livent Corporation (NYSE:LTHM) decreased by -$0.17 on Monday to $21.28, down -0.80 percent. The last five days have seen an average of 2,045,802 shares of common stock traded. 22 times new highs were reached in the current year, with a gain of $1.47. The average number of shares traded over the last 20 days was 2,836,695, while the average volume over the last 50 days totaled 2,621,982.
LTHM stock dropped -13.50% since last month. On 08/18/23, the company’s shares reached a one-month low of $20.75. The stock touched a high of $36.38 on 07/18/23, after rallying from a low of $18.26 in 52 weeks. The price of LTHM stock has risen by 7.09% or $1.47 this year, reaching a new high 22 times. Still, the stock price is down -41.51% from the 52-week high.
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Insider Transactions
LTHM stock investors should be aware that Livent Corporation (LTHM) stock had its last reported insider trading activity 343 days ago on Sep 19. On Sep 19, Vice President and CFO Antoniazzi Gilberto sold 3,635 shares at $32.54 each. This transaction resulted in the insider making $118,272. On Sep 09, Graves Paul W sold 85,171 shares at a price of US$35.00. After the transaction, the insider now owns 299,980 shares.
Valuation Metrics
Livent Corporation (LTHM) has a trailing price-to-earnings (P/E) ratio of 12.19. Beta for the stock is 1.83. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 4.12, the price-to-book (PB) ratio of 2.31, and the price-to-cash flow ratio of 17.87.
Financial Health
For the three months ended June 29, Livent Corporation’s quick ratio was 2.40, while its current ratio was 3.80, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.15, and the total debt to equity ratio is 0.15. As far as profitability goes, gross margin for the trailing twelve months is 57.80% percent. Livent Corporation’s EBITDA margin for the year ended June 29 was 47.44%, whereas its operating margin stood at 47.30% for the same period. Based on annual data, it had gross profit of $395.7 million and revenue of $813.2 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. LTHM’s return on assets (ROA) during the last 12 months has been 17.10%. There was a 15.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 24.30%.
Earnings Surprise
According to Livent Corporation’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $235.4 million, while revenues rose by 7.09% to $253.5 million. It was predicted that Livent Corporation’s quarterly earnings would be $0.51, but it ended up being $0.47, beating the consensus by 8.50%. EBITDA was $107.6 million for the quarter. At the end of Livent Corporation’s most recent quarter ended June 29, its liabilities totaled 630.8 million, while its total debt was $249.7 million. Equity owned by shareholders amounts to $179.72 million.
Technical Picture
Here’s a quick look at Livent Corporation’s (LTHM) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 29.81%, suggesting the stock is oversold, with a 20.20% historical volatility rate.
The stochastic %K and %D were 25.98% and 31.11% respectively, while the average true range (ATR) was 0.67. Based on the 14-day stochastic reading of 20.20%, the RSI (14) reading is 31.84%. On the 9-day MACD Oscillator, the stock is at -0.04, and the 14-day reading is at -0.41.
Analyst Ratings
In its most recent analyst report, KeyBanc Capital Markets raised its rating on Livent Corporation (NYSE: LTHM) to an Overweight. Prior to this, analysts firm rated the stock as a Sector weight. Analysts have assigned Livent Corporation (LTHM) an Overweight rating. LTHM is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 13 others recommend it as a buy.
What is LTHM’s price target for the next 12 months?
The current consensus forecast for the stock is between $27.00 and $45.00, with a median target price of $32.00. In analyzing these forecasts, the average price target given by analysts for Livent Corporation (LTHM) is $32.88.
