As of Friday close, Livent Corporation’s (NYSE:LTHM) stock was up $0.36, moving up 2.08 percent to $17.70. The average number of shares traded per day over the past five days has been 3,986,120 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.48 fall in that time frame. In the last twenty days, the average volume was 3,021,315, while in the previous 50 days, it was 3,028,446.
Since last month, LTHM stock retreated -19.44%. Shares of the company fell to $17.31 on 09/21/23, the lowest level in the past month. A 52-week high of $35.81 was reached on 07/18/23 after having rallying from a 52-week low of $17.31. Since the beginning of this year, LTHM’s stock price has dropped by -10.92% or -$2.17, and marked a new high 22 times. However, the stock has declined by -50.57% since its 52-week high.
Valuation Metrics
Right now, Livent Corporation (LTHM) has a P/E ratio of about 10.14. The stock’s beta is 1.86. Besides these, the trailing price-to-sales (P/S) ratio of 3.38, the price-to-book (PB) ratio of 1.92, and the price-to-cash flow ratio of 14.65 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, EBITDA margin amounted to 47.44%, whereas 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 41.29%, the RSI 9-day stood at 21.95% on 22 September.
With respect to its five-day moving average, the current Livent Corporation price is down by -12.29% percent or -$2.48. At present, LTHM shares trade -18.62% below its 20-day simple moving average and -15.27% percent below its 100-day simple moving average. However, the stock is currently trading approximately -37.65% below its SMA50 and -32.62% below its SMA200.
Stochastic coefficient K was 3.69% and Stochastic coefficient D was 3.60%, while ATR was 0.76. Given the Stochastic reading of 8.55% for the 14-day period, the RSI (14) reading has been calculated as 24.74%. As of today, the MACD Oscillator reading stands at -1.42, while the 14-day reading stands at -2.00.
Analyst Ratings
KeyBanc Capital Markets upgraded its rating on Livent Corporation (NYSE: LTHM) to an Overweight in a note to investors on May 11, 2023. The analysts firm previously had a Sector weight rating on the stock.Livent Corporation (LTHM) has been rated Overweight by analysts. According to 0 brokerage firms, LTHM is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Livent Corporation stock as buy, with 13 recommending it as overweight.
With a median target price of $31.00, the current consensus forecast for the stock is $27.00 – $45.00. Based on these forecasts, analysts predict Livent Corporation (LTHM) will achieve an average price target of $32.32.
