Livent Corporation (NYSE:LTHM) Relative Strength Index (RSI) is 59.71, with weekly volatility at 8.14% and ATR at 1.18. The LTHM stock’s 52-week price range has touched low of $3.95 and a $17.31 high. Intraday shares traded counted 5.36 million, which was -29.38% lower than its 30-day average trading volume of 4.14M. Its shares traded lower over the last trading session, losing -5.94% on 12/09/20. The shares fell to a low of $15.92 before closing at $16.16. LTHM’s previous close was $17.18 while the outstanding shares total 146.30M.
Investors have identified the Specialty Chemicals company Livent Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $2.26 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Livent Corporation (LTHM) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 253.6 million total, with 78.2 million as their total liabilities.
LTHM were able to record -108.5 million as free cash flow during the Q3 2020 quarter of the year, this saw their quarterly net cash flow reduce by -2.0 million. In cash movements, the company had a total of 1.5 million as operating cash flow.
Potential earnings growth for Livent Corporation (LTHM)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the Q3 2020 quarter of the year, Livent Corporation recorded a total of 72.6 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -34.57% coming in sequential stages and their sales for the Q3 2020 quarter increasing by 10.61%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 69.8 million trying to sell their products during the last quarter, with the result yielding a gross income of 2.8 million. This allows shareholders to hold on to 146.30M with the recently reported earning now reading -0.08 cents per share. This is a figure that compared to analyst’s prediction for their Q3 2020 (-0.05 cents a share).
Having a look at the company’s valuation, the company is expected to record 0.16 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on LTHM sounds very interesting.
Is the stock of LTHM attractive?
In the last 6 months, insiders have changed their ownership in shares of company stock by 0.75%.
4 out of 14 analysts covering the stock have rated it a Buy, while 8 have maintained a Hold recommendation on Livent Corporation. 1 analysts has assigned a Sell rating on the LTHM stock. The 12-month mean consensus price target for the company’s shares has been set at $11.70.