After finishing at $4.96 in the prior trading day, Lithium Americas Corp (NewCo) (NYSE: LAC) closed at $5.36, up 8.06%. In other words, the price has increased by $+0.40 from its previous closing price. On the day, 2882972 shares were traded. LAC stock price reached its highest trading level at $5.41 during the session, while it also had its lowest trading level at $5.00.
Ratios:
Our goal is to gain a better understanding of LAC by taking a closer 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 this company, JP Morgan on December 11, 2023, initiated with a Neutral rating and assigned the stock a 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 799.72M and an Enterprise Value of 646.60M.
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 5.06, while the 200-Day Moving Average is calculated to be 6.16.
Shares Statistics:
The stock has traded on average 2.94M shares per day over the past 3-months and 3.39M shares per day over the last 10 days, according to various share statistics. A total of 160.05M shares are outstanding, with a floating share count of 146.23M. Insiders hold about 9.35% of the company’s shares, while institutions hold 16.40% stake in the company. Shares short for LAC as of Feb 15, 2024 were 13.72M with a Short Ratio of 4.94, compared to 12.78M on Jan 12, 2024.
Earnings Estimates
Its stock is currently analyzed by 4 different market analysts. The consensus estimate for the next quarter is -$0.05, with high estimates of -$0.02 and low estimates of -$0.09.
Analysts are recommending an EPS of between $0.04 and -$0.27 for the fiscal current year, implying an average EPS of -$0.13. EPS for the following year is -$0.27, with 8 analysts recommending between -$0.13 and -$0.5.
