After finishing at $6.81 in the prior trading day, Lithium Americas Corp (NewCo) (NYSE: LAC) closed at $6.49, down -4.70%. On the day, 2546182 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 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.
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.
Shares Statistics:
A total of 161.78M shares are outstanding, with a floating share count of 130.59M. Insiders hold about 19.46% of the company’s shares, while institutions hold 16.11% stake in the company.
Earnings Estimates
Its stock is currently analyzed by Bank of America Corporation different market analysts. The consensus estimate for the next quarter is $6.49, with high estimates of $5.07 and low estimates of $693.31.
Analysts are recommending an EPS of between $Basic Materials and $Technology for the fiscal current year, implying an average EPS of $Basic Materials.
