hiif Livent has a sp target of say $32 or $45, what would that...

hi

if Livent has a sp target of say $32 or $45, what would that mean for AKE sp after the merge?

Lithium producer Livent Corp. (NYSE: LTHM) has seen its share price fall by about 3% over the past 12 months, including a year-to-date gain of 18.5%. Lithium carbonate prices have dropped by around 45% since reaching a peak in mid-November, returning to a level it first reached in December 2021 when shares were climbing.

In early May, the company agreed to an all-stock $10.6 billion merger with Australia’s Allkem, a lithium miner with assets near Livent’s Argentina brine operations. Current Allkem shareholders will own 56% of the yet-to-be-named new company that will be domiciled in the United States and traded on the New York Stock Exchange. The merger is expected to close this year.

Of 19 analysts covering the stock, 14 have a Buy or Strong Buy rating and the others have Hold ratings. At a share price of around $23.50, the implied upside based on a median price target of $32.00 is 36.2%. At the high price target of $45.00, the implied upside is 91.5. Second-quarter revenue is forecast at $251.56 million.

Livent stock trades at 11.4 times expected 2023 EPS, 9.7 times estimated 2024 earnings of $2.42 and 7.2 times estimated 2025 earnings of $3.26 per share. The 52-week trading range is $18.26 to $36.38. Livent does not pay a dividend. Total shareholder return for the past year was negative 9.95%.