Lithium Americas Corp (NewCo) (NYSE: LAC) closed the day trading at $7.02 up 4.46% from the previous closing price of $6.72. In other words, the price has increased by $+0.30 from its previous closing price. On the day, 4435469 shares were traded.
Ratios:
For a better understanding of LAC, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.37 and its Current Ratio is at 3.37. In the meantime, Its Debt-to-Equity ratio is 0.16 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 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 1.14B and an Enterprise Value of 950.28M.
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 $3.81. The 50-Day Moving Average of the stock is 5.15, while the 200-Day Moving Average is calculated to be 6.30.
Shares Statistics:
Over the past 3-months, LAC traded about 3.49M shares per day on average, while over the past 10 days, LAC traded about 4.32M shares per day. A total of 161.78M shares are outstanding, with a floating share count of 130.27M. Insiders hold about 19.65% of the company’s shares, while institutions hold 16.32% stake in the company. Shares short for LAC as of Mar 15, 2024 were 17.34M with a Short Ratio of 4.98, compared to 14.51M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 10.71% and a Short% of Float of 10.81%.
Earnings Estimates
Current recommendations for the stock of the company come from 2 analysts. The consensus estimate for the next quarter is -$0.05, with high estimates of -$0.03 and low estimates of -$0.07.
Analysts are recommending an EPS of between $0.15 and -$0.27 for the fiscal current year, implying an average EPS of -$0.11. EPS for the following year is -$0.25, with 6 analysts recommending between $0.28 and -$0.44.
