Overall market sentiment has been down on Livent Corp (LTHM) stock lately. LTHM receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With LTHM Stock Today?
Livent Corp (LTHM) stock is higher by 5.13% while the S&P 500 is lower by -1.63% as of 1:36 PM on Tuesday, Oct 20. LTHM is up $0.52 from the previous closing price of $10.14 on volume of 2,056,621 shares. Over the past year the S&P 500 is up 13.98% while LTHM is up 51.21%. LTHM earned $0.11 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 99.51.
To see the top 5 stocks in the Specialty Chemicals industry click here.
More About Livent Corp
Livent is a pure-play lithium producer formed when FMC spun off its lithium business in October 2018. Livent should benefit from increased lithium demand via higher electric vehicle adoption, as lithium is a key component of EV batteries. The company's low-cost lithium carbonate production comes from brine resources in Argentina. Livent also operates downstream lithium hydroxide conversion plants in the United States and China.
Click Here to get the full Stock Score Report on Livent Corp (LTHM) Stock.
