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Wednesday, February 1, 2023

Is Livent Corporation (NYSE: LTHM) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Livent Corporation (LTHM) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.03, or -0.13%, to $23.70. The Livent Corporation has recorded 57,961 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Livent Announces Date of 2023 Annual Meeting of Stockholders.

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Stocks Info

LTHM belongs to the Basic Materials sector of the NYSE while operating in the Specialty Chemicals industry. At the end of the last regular session, the stock closed at $23.73 and fluctuated between $23.78 as its day high and $22.60 as its day low. The current market capitalization of Livent Corporation is $4.13B. A total of 5.74 million shares were traded on the day, compared to an average of 3.54M shares.

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, LTHM has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 15 BUYs and 6 SELLs from insiders. Insiders purchased 190,811 shares during that period but sold 118,713.

In the most recent transaction, Antoniazzi Gilberto sold 3,635 shares of LTHM for 32.54 per share on Sep 19. After the transaction, the Vice President and CFO now owns 62,582 company shares. In a previous transaction on Sep 09, Graves Paul W sold 85,171 shares at 35.00 per share. LTHM shares that President and CEO owns now total 299,980.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for LTHM in the last 3 months, the mean price target is $32.64 with high estimates of $45.00 and low estimates of $22.00. In terms of 52-week highs and lows, LTHM has a high of $36.38 and a low of $18.26.

As of this writing, LTHM has an earnings estimate of $0.4 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $0.49 per share and a lower estimate of $0.33. The company reported an EPS of $0.21 in the last quarter, which was 50.00% higher than expectations of $0.14.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 20 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for LTHM is Sell with a score of 4.00. A total of 9 analysts rated the stock as Buy while 2 rated it as Overweight while 9 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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