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Lithium Americas Corp (NewCo) (NYSE: LAC) closed the day trading at $2.81 down -3.10% from the previous closing price of $2.90. In other words, the price has decreased by -$3.10 from its previous closing price. On the day, 5.93 million shares were traded. LAC stock price reached its highest trading level at $2.87 during the session, while it also had its lowest trading level at $2.72.
Ratios:
For a better understanding of LAC, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 20.14 and its Current Ratio is at 20.14. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Piper Sandler on July 29, 2024, initiated with a Neutral rating and assigned the stock a target price of $3.90.
On March 18, 2024, Scotiabank Downgraded its rating to Sector Perform which previously was Sector Outperform and also lowered its target price recommendation from $15 to $7.
On December 11, 2023, JP Morgan started tracking the stock assigning a Neutral rating and target price of $7.JP Morgan initiated its Neutral rating on December 11, 2023, with a $7 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LAC now has a Market Capitalization of 613068928 and an Enterprise Value of 241349904.
Stock Price History:
Over the past 52 weeks, LAC has reached a high of $10.00, while it has fallen to a 52-week low of $2.02. The 50-Day Moving Average of the stock is 13.15%, while the 200-Day Moving Average is calculated to be -29.56%.
Shares Statistics:
Over the past 3-months, LAC traded about 3.93M shares per day on average, while over the past 10 days, LAC traded about 6303980 shares per day. A total of 218.00M shares are outstanding, with a floating share count of 186.45M. Insiders hold about 14.47% of the company’s shares, while institutions hold 19.09% stake in the company. Shares short for LAC as of 1727654400 were 24886271 with a Short Ratio of 6.33, compared to 1724976000 on 23379829. Therefore, it implies a Short% of Shares Outstanding of 24886271 and a Short% of Float of 11.5.
