Livent Corp (NYSE:LTHM) finished Friday with an addition of $0.3 to close at $18.41, an upside of 1.66 percent. An average of 3,961,960 shares of common stock have been traded in the last five days. There was a gain of $0.71 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 3,450,070 shares traded, while the 50-day average volume stands at 3,204,830.
LTHM stock has decreased by -16.13% in the last month. The company shares reached their 1-month lowest point of $16.93 on 09/27/23. With the stock rallying to its 52-week high on 07/18/23, shares of the company touched a low of $16.93 and a high of $35.81 in 52 weeks. It has reached a new high 22 times so far this year and lost -7.35% or -$1.46 in price. In spite of this, the price is down -48.59% from the 52-week high.
Valuation Metrics
Livent Corp (LTHM) has a trailing price-to-earnings (P/E) ratio of 10.55. The stock’s beta is 1.85. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.52, the price-to-book (PB) ratio at 2.00, and the price-to-cash flow ratio at 15.25.
Financial Health
The quick ratio of Livent Corp for the three months ended June 29 was 2.37, and the current ratio was 3.76, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.15 and a total debt to equity ratio of 0.15 for the quarter ending June 29. Its gross profit as reported stood at $395.7 million compared to revenue of $813.2 million.
Earnings Surprise
For the three-month period that ended June 29, Livent Corp had $242.7 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $90.2 million in the quarter, while revenues of $114.8 million were grew 33.48%. The analyst consensus anticipated Livent Corp’s latest quarter earnings to come in at $0.47 per share, but it turned out to be $0.51, a 8.50% surprise. For the quarter, EBITDA amounted to $107.6 million. Shareholders own equity worth $179.72 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Livent Corp (LTHM) price momentum. RSI 9-day as of the close on 29 September was 43.44%, suggesting the stock is Neutral, with historical volatility in this time frame at 60.88%.
As of today, LTHM’s price is $17.82 +4.01% or $0.71 from its 5-day moving average. LTHM is currently trading -14.25% lower than its 20-day SMA and -23.00% lower than its 100-day SMA. However, the stock’s current price level is -33.51% below the SMA50 and -23.07% below the SMA200.
The stochastic %K and %D were 24.12% and 14.30%, respectively, and the average true range (ATR) was 0.79. With the 14-day stochastic at 41.14% and the average true range at 0.77, the RSI (14) stands at 39.22%. The stock has reached -0.12 on the 9-day MACD Oscillator while the 14-day reading was at -0.85.
Analyst Ratings
KeyBanc Capital Markets upgraded Livent Corp (NYSE: LTHM) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as a Sector weight.
