The price of ALTM is predicted to go up 1.08%, based on the high correlation periods with EVRI. The similarity of these two price pattern on the periods is 99.33%.
ALTM
EVRI
Up: 1.08%Similarity: 99.33%
ALTM Revenue Forecast
ALTM EPS Forecast
ALTM FAQs
What is bull’s view on ALTM?
ALTM stock is currently trading at $5.72, close to the $5.85 acquisition price set by Rio Tinto. The bull's view hinges on the successful completion of the acquisition, which is expected to close by mid-2025, providing a stable upside of approximately 2.3%. Additionally, the deal positions Rio Tinto to capitalize on the growing lithium demand, making ALTM an attractive short-term hold for risk-averse investors.
What is bear's view on ALTM?
ALTM stock currently trades at $5.72, reflecting a 90% premium from its October 2024 price due to Rio Tinto's acquisition offer at $5.85 per share. The bear's view is that the upside is minimal as the stock is near the acquisition price, and further growth depends solely on deal completion. Regulatory risks remain, but the transaction is expected to close by mid-2025.
What is ALTM revenue forecast for next quarter?
The market consensus for ALTM's revenue in the upcoming quarter is projected to be approximately $277.339M USD.
What is ALTM eps forecast for next quarter?
The market consensus for ALTM's eps in the upcoming quarter is projected to be approximately $0.045 USD.