Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
After finishing at $4.42 in the prior trading day, Lithium Americas Corp (NewCo) (NYSE: LAC) closed at $4.62, up 4.52%. In other words, the price has increased by $4.52 from its previous closing price. On the day, 5.32 million shares were traded. LAC stock price reached its highest trading level at $4.71 during the session, while it also had its lowest trading level at $4.4.
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 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 1006402304 and an Enterprise Value of 555865344.
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 -19.50%, while the 200-Day Moving Average is calculated to be -26.88%.
Shares Statistics:
The stock has traded on average 4.45M shares per day over the past 3-months and 7999810 shares per day over the last 10 days, according to various share statistics. A total of 161.78M shares are outstanding, with a floating share count of 130.62M. Insiders hold about 19.45% of the company’s shares, while institutions hold 16.30% stake in the company. Shares short for LAC as of 1713139200 were 14889933 with a Short Ratio of 3.35, compared to 1710460800 on 17340446. Therefore, it implies a Short% of Shares Outstanding of 14889933 and a Short% of Float of 9.2700005.
