As of Wednesday close, Livent Corporation’s (NYSE:LTHM) stock was up $0.1, moving up 0.46 percent to $21.95. The average number of shares traded per day over the past five days has been 2,266,200 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.02 fall in that time frame. In the last twenty days, the average volume was 2,885,790, while in the previous 50 days, it was 2,648,670.
Since last month, LTHM stock retreated -9.18%. Shares of the company fell to $20.75 on 08/18/23, the lowest level in the past month. A 52-week high of $36.38 was reached on 07/18/23 after having rallying from a 52-week low of $18.26. Since the beginning of this year, LTHM’s stock price has risen by 10.47% or $2.08, and marked a new high 22 times. However, the stock has declined by -39.66% since its 52-week high.
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LTHM stock investors should be aware that Livent Corporation (LTHM) stock had its last reported insider trading activity 346 days ago on Sep 19. Antoniazzi Gilberto, the Vice President and CFO of the company, disposed of 3,635 shares for $32.54 on Sep 19. It resulted in a $118,272 divestment by the insider. Graves Paul W sold 85,171 shares at an average price of $35.00 on Sep 09. The insider now owns 299,980 shares following the transaction.
Valuation Metrics
Right now, Livent Corporation (LTHM) has a P/E ratio of about 12.57. The stock’s beta is 1.82. Besides these, the trailing price-to-sales (P/S) ratio of 4.25, the price-to-book (PB) ratio of 2.39, and the price-to-cash flow ratio of 18.43 may also be considered.
Financial Health
In the three months ended June 29, Livent Corporation’s quick ratio stood at 2.40, while its current ratio was 3.80, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.15, and the total debt-to-equity ratio was 0.15. On the profitability front, the trailing twelve-month gross margin is 57.80% percent. In the year ended June 29, operating margins totaled 47.30%. Based on annual data, LTHM earned $395.7 million in gross profit and brought in $813.2 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 15.80%. Return on equity (ROE) for the past 12 months was 24.30%.
In Livent Corporation’s quarter-end financial report for June 29, it reported total debt of $242.7 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. LTHM’s revenue rose 7.09% to $253.5 million during the quarter, while net income inched up to $235.4 million. While analysts expected Livent Corporation to report $0.47 quarterly earnings, the actual figure was $0.51 per share, beating the consensus estimate by 8.50%. During the quarter, the company generated $107.6 million in EBITDA. The liabilities of Livent Corporation were 630.8 million at the end of its most recent quarter ended June 29, and its total debt was $249.7 million. The value of shareholders’ equity is $179.72 million.
Technical Picture
This quick technical analysis looks at Livent Corporation’s (LTHM) price momentum. With a historical volatility rate of 24.82%, the RSI 9-day stood at 44.89% on 30 August.
With respect to its five-day moving average, the current Livent Corporation price is down by -0.09% percent or -$0.02. At present, LTHM shares trade -6.60% below its 20-day simple moving average and +10.30% percent above its 100-day simple moving average. However, the stock is currently trading approximately -18.55% below its SMA50 and -33.77% below its SMA200.
Stochastic coefficient K was 33.69% and Stochastic coefficient D was 27.76%, while ATR was 0.67. Given the Stochastic reading of 48.78% for the 14-day period, the RSI (14) reading has been calculated as 40.42%. As of today, the MACD Oscillator reading stands at -0.03, while the 14-day reading stands at -0.04.
