After finishing at $6.47 in the prior trading day, Lithium Americas Corp (NewCo) (NYSE: LAC) closed at $5.73, down -11.44%. In other words, the price has decreased by -$0.74 from its previous closing price. On the day, 7275643 shares were traded.
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 Mar-19-24, 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 1.04B and an Enterprise Value of 891.76M.
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 4.93, while the 200-Day Moving Average is calculated to be 6.13.
Shares Statistics:
The stock has traded on average 3.27M shares per day over the past 3-months and 6.2M 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 146.66M. Insiders hold about 9.35% of the company’s shares, while institutions hold 16.35% stake in the company. Shares short for LAC as of Feb 29, 2024 were 15.02M with a Short Ratio of 4.60, compared to 13.72M on Jan 31, 2024.
Earnings Estimates
Its stock is currently analyzed by 3 different market analysts. The consensus estimate for the next quarter is -$0.02, with high estimates of $0.08 and low estimates of -$0.12.
Analysts are recommending an EPS of between $0.29 and -$0.3 for the fiscal current year, implying an average EPS of -$0.08. EPS for the following year is -$0.21, with 8 analysts recommending between $0.28 and -$0.43.
