Livent Corporation (LTHM) Buy, Sell or Hold

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Livent Corporation (LTHM)

16.51

-0.00 (0.00%)

as of Jan 3, 2024, 12:00:00 am Market Open.

7 watching

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Dec 05/23, Up 30.3%)Stockchase Research Editor: Michael O’Reilly

Our PAST TOP PICK with LTHM has been acquired in a merger and the shares have ceased trading. This position is considered closed now.

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Dec 05/23, Up 30.3%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with LTHM has achieved its target at $17. To remain disciplined, we recommend covering half the position at this time and trailing up the stop (from $11) to $13.

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O'Reilly

LTHM is a producer of high purity lithium and has contracts with EV manufacturers such as Tesla and BMW. It is expanding into Argentina and just signed a partnership with an Australian miner. It trades at 1.4x book, 8x earnings and supports a 24% ROE. We recommend placing a stop-loss at $11, looking to initially achieve $17 -- upside potential of 30%. Yield 0%

(Analysts’ price target is $24.52)

SELL ON STRENGTH

Lithium stocks rocekted from mid-2020 to late-2021. Stocks have fallen but not lithium itself which tripled in 2021 and added another 130% so far thsi year, up 800% since end-2020. Lithium stocks are reporting earnings and reflecting that price, so shares are starting to climb. Even if the economy slows down, the demand for lithium batteries will continue to rise. There's no shortage of lithium, but extracting it takes a long time and a lot of capital. The two main players are Livent and Albemarle. Once a dud, but thriving in the current lithium boom. Their last report revealed a monster earnings beat and raised their full-year forecast a lot, hiking revenue guidance by 40% and EBITDA by 78%. Shares soared 30% the next day and remains surprisingly resilient in this harsh market. Take profits, because this boom won't last forever.

DON'T BUY

Too speculative and he doesn't like the lithium space.

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Livent Corporation (LTHM) Frequently Asked Questions

What is Livent Corporation stock symbol?

Livent Corporation is a American stock, trading under the symbol LTHM (previously LTHM-N on Stockchase) on the New York Stock Exchange (LTHM). It is usually referred to as NYSE:LTHM or LTHM

Is Livent Corporation a buy or a sell?

In the last year, no analyst issued a Buy, Sell, or Hold rating on LTHM (previously LTHM-N on Stockchase) on Stockchase. Read the latest expert commentary for Livent Corporation .

Is Livent Corporation a good investment or a top pick?

Livent Corporation was recommended as a Top Pick by Jim Cramer - Mad Money on 2020-10-20. Read the latest stock experts ratings for Livent Corporation .

Why is Livent Corporation stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Livent Corporation .

Is Livent Corporation worth watching?

Livent Corporation is followed by 7 investors on Stockchase and is a trending stock that is worth watching.

What is Livent Corporation stock price?

On 2024-01-03, Livent Corporation (LTHM) stock closed at a price of $16.51.

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Livent Corporation (LTHM)

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