Investor’s Toolkit: Key Ratios for Assessing Lithium Americas Corp (NewCo) (LAC)’s Performance

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Lithium Americas Corp (NewCo) (NYSE: LAC) closed the day trading at $3.39 up 0.89% from the previous closing price of $3.36. In other words, the price has increased by $0.89 from its previous closing price. On the day, 3.04 million shares were traded. LAC stock price reached its highest trading level at $3.4591 during the session, while it also had its lowest trading level at $3.31.


For a better understanding of LAC, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 6.94 and its Current Ratio is at 6.94. 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 the company, Scotiabank on March 18, 2024, Downgraded its rating to Sector Perform and sets its target price to $7 from $15 previously.

On December 11, 2023, JP Morgan started tracking the stock assigning a Neutral rating and target price of $7.

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 736352064.

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 $3.30. The 50-Day Moving Average of the stock is -36.25%, while the 200-Day Moving Average is calculated to be -43.70%.

Shares Statistics:

Over the past 3-months, LAC traded about 5.51M shares per day on average, while over the past 10 days, LAC traded about 6773720 shares per day. A total of 217.17M shares are outstanding, with a floating share count of 174.92M. Insiders hold about 19.46% of the company’s shares, while institutions hold 10.78% stake in the company. Shares short for LAC as of 1715731200 were 18144795 with a Short Ratio of 3.29, compared to 1713139200 on 14889933. Therefore, it implies a Short% of Shares Outstanding of 18144795 and a Short% of Float of 8.41.

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