Livent Corporation (NYSE:LTHM) is now being followed by Clarksons Platou, as they initiated the stock at Buy on January 16. Analysts at Nomura, shed their positive views on January 15 by lowering it fromBuy to Neutral. Analysts at Argus, made their first call about the stock on December 13, recommending it is Buy. HSBC Securities, released new analyst coverage on December 03, calling the stock is Buy.
Livent Corporation (LTHM) hit an intraday high Tuesday at $12.71. The shares finished at $12.55, after trading as low as $11.55 earlier in the session. It dropped -4.34% in recent trade and currently has a stock-market value of $1.81B. Trading activity significantly improved as the volume at ready counter increased to 3,773,606 shares versus 1,050,950 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 934,655 shares. The stock is now 3.72% above against its bear-market low of $12.1.
LTHM’s 50 day simple moving average (SMA 50) price is $14.19. The company’s stock currently has a total float of 22.76M shares. Its weekly volatility is hovering around 5.78% and felt 4.57% volatility in price over a month. On the upside, the share price will test short term resistance at around $12.99. On a downside, the stock is likely to find some support, which begins at $11.83. The failure to get near-term support could push it to $11.11.
Separately, it has been reported that multiple insider activity took place at Livent Corporation (LTHM). Chief Accounting Officer Pfeiffer Nicholas acquired 1,000 shares for $1,000 in transaction occurred on 2018/10/15. After making this transaction, the Chief Accounting Officer owns a direct stake of 17,000 shares, worth $12,550, as per the last closing price. On 2018/10/15 Daloia G Peter, Director at LTHM, purchased 50,000 shares at an average price of $17 per share. The new stake is valued at $664,636.
Director, Barry Michael F had invested in 26,000 shares for $28,959 through a trade on 2018/10/15. Following this activity, the insider holds 442,000 shares worth $363,436 as of recent close. Wall Street’s most bullish Livent Corporation (NYSE:LTHM) analysts are predicting the share price to blow past $22 per share during the next 12 months. The current median share price forecast by them is $19, suggesting that the stock could increase 51.39% in that time frame. The average price target of $18.92 calls for a nearly 50.76% increase in the stock price.
When looking at valuations, Livent Corporation (LTHM) has a cheap P/E of 17.78x as compared to industry average of 24.88x. Moreover, it trades for 12.16 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 3.74x price/book and 4.16x price/sales. It’s also very liquid in the near term, with a current ratio of 3.5. The stock has a debt/capital of 0.
Revenue for the recent quarter stood at $119.8 million, up 54355% on last year and below the $124.26 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $107 million to $125.4 million, which should be compared with $0 generated last year. EPS is seen in a range of $0.21 to $0.27, against the 0 reported a year ago.