Shares of Livent Corporation (NYSE:LTHM) traded at a new 52-week high today of $27.27. Approximately 2.9 million shares have changed hands today, as compared to an average 30-day volume of 2.8 million shares.
In the past 52 weeks, shares of Livent Corporation have traded between a low of $7.22 and a high of $27.27 and is now at $26.31, which is 264% above that low price.
There is potential upside of 30.8% for shares of Livent Corporation based on a current price of $26.31 and an average consensus analyst price target of $34.40.
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 and has a 25% stake in a fully integrated Canadian lithium project.
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