Where Have All the Livent Corporation (LTHM) Bears Gone?

Livent Corporation (LTHM) will probably climb 47.9 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $22 price as 12-month high target. This represents a whopping 68.07 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $19.5, which represents a return potential of 48.97 percent when compared to the closing price of the stock of $13.09 on Wednesday, February 13. The lowest price target for the stock is $15 — slightly more than 14.59 percent from LTHM’s current share price.

The stock is currently hovering around the first support level of $12.61. Below this, the next support is placed in the zone of $12.13. Till the time, the LTHM stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 46.72 on daily chart, which may remain a cause for concern. If the price breaks below $12.13 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $13.35 mark may result into a pull-back move towards $13.61 level.

On 13th of February, Livent Corporation (NYSE:LTHM) shares ended higher after a volatile session. The shares accumulated 0.54 points or 4.3 percent at $13.09 with a heavy trade volume of 2.03 million shares. After opening the session at $12.6, the shares went as high as $13.13 and as low as $12.3938, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $1.89 billion and now has 144.62 million shares outstanding. Livent Corporation (LTHM) stock has lost -6.9 percent of market value in 21 trading days.

LTHM stock has a trailing 3-year beta of 0, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was $0.71 a share in the trailing twelve months. The stock’s value has fallen -5.14 percent year to date (YTD) against a decline of 0 percent in 12 month’s time. The company’s shares still trade -34.22 percent away from its 1-year high of $19.90 and 13.33 percent up from 52-week low of $11.55. The average consensus rating on the company is 2, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.

Shares of Livent Corporation (LTHM) are trading at a P/E ratio of 17.77 times earnings reported for the past 12 months. The industry LTHM operates in has an average P/E of 24.27. Its P/E ratio went as low as 0X and as high as 0 over the 5-year span. Further, it is sporting a 4.34 on the Price-to-Sales ratio. Compare this with the industry average P/S of 2.21. 47.1 percent is the gross profit margin for Livent Corporation and operating margin sits at 0 percent. Along with this, the net profit margin is 0 percent.

Let’s take a look at some insider activity at Livent Corporation (NYSE:LTHM) and see the pattern. The earliest insider trade took place on 10/15/2018. Pfeiffer Nicholas gathered a total of 1 thousand shares of company at average share price of $17. The total for the purchase was set at $17 thousand. After this transaction, the Chief Accounting Officer account balance stood at 1 thousand shares. The stock lost -23 percent since that insider purchase. On 10/15/2018, Daloia G Peter, Director, purchased 50 thousand shares at a price per share of $17. This added 850 thousand shares to the insider’s fortune and the stock saw a -23 percent retreat in value since the news became public. This transaction left 52.96 thousand shares in the Director account.

On 10/15/2018, Director Barry Michael F performed a purchase transaction worth $442 thousand. This purchase at $17 each has added 26 thousand shares into the insider’s portfolio position. Meanwhile, shares have recorded -23 percent decrease since the transaction was reported. The insider now is left with 28.96 thousand shares remaining in the account. Merkt Steven T, who performs the Director job, bought 0.5 thousand shares for $8.5 thousand. The acquisition occurred on 10/15/2018 was priced at $17 per share. The share price plunged -23 percent since the reporting date. Merkt Steven T now left with a stake of 3.46 thousand LTHM stock worth $45.28 thousand after the insider buying.