Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
In the latest session, Lithium Americas Corp (NewCo) (NYSE: LAC) closed at $2.81 up 1.81% from its previous closing price of $2.76. In other words, the price has increased by $1.81 from its previous closing price. On the day, 3.83 million shares were traded.
Ratios:
For a deeper understanding of Lithium Americas Corp (NewCo)’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 13.88 and its Current Ratio is at 13.88. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.00.
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, Wedbush on December 19, 2024, initiated with a Neutral rating and assigned the stock a target price of $5.
On July 29, 2024, Piper Sandler started tracking the stock assigning a Neutral rating and target price of $3.90.Piper Sandler initiated its Neutral rating on July 29, 2024, with a $3.90 target price.
Stock Price History:
Over the past 52 weeks, LAC has reached a high of $7.71, while it has fallen to a 52-week low of $2.02. The 50-Day Moving Average of the stock is -9.44%, while the 200-Day Moving Average is calculated to be -9.31%.
Shares Statistics:
A total of 218.29M shares are outstanding, with a floating share count of 184.55M. Insiders hold about 15.49% of the company’s shares, while institutions hold 15.75% stake in the company.
Earnings Estimates
Lithium Americas Corp (NewCo) (LAC) is presently subject to a detailed evaluation by 4 analysts, each offering their unique perspectives on its market standing.The consensus estimate for the next quarter is -$0.03, with high estimates of -$0.02 and low estimates of -$0.04.
Analysts are recommending an EPS of between -$0.1 and -$0.17 for the fiscal current year, implying an average EPS of -$0.13. EPS for the following year is -$0.14, with 9.0 analysts recommending between -$0.06 and -$0.23.
