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The price of Lithium Americas Corp (NewCo) (NYSE: LAC) closed at $2.45 in the last session, down -5.41% from day before closing price of $2.59. In other words, the price has decreased by -$5.41 from its previous closing price. On the day, 4.27 million shares were traded. LAC stock price reached its highest trading level at $2.6499 during the session, while it also had its lowest trading level at $2.41.
Ratios:
We take a closer look at LAC’s different ratios to gain a better understanding of the stock. 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 536498592 and an Enterprise Value of 162870176.
Stock Price History:
Over the past 52 weeks, LAC has reached a high of $12.38, while it has fallen to a 52-week low of $2.02. The 50-Day Moving Average of the stock is -6.82%, while the 200-Day Moving Average is calculated to be -47.17%.
Shares Statistics:
According to the various share statistics, LAC traded on average about 3.88M shares per day over the past 3-months and 3283350 shares per day over the past 10 days. A total of 218.00M shares are outstanding, with a floating share count of 186.33M. Insiders hold about 14.53% of the company’s shares, while institutions hold 19.10% stake in the company. Shares short for LAC as of 1723680000 were 22695886 with a Short Ratio of 5.85, compared to 1721001600 on 19140334. Therefore, it implies a Short% of Shares Outstanding of 22695886 and a Short% of Float of 10.4899995.
