The closing price of Lithium Americas Corp (NewCo) (NYSE: LAC) was $5.73 for the day, up 1.78% from the previous closing price of $5.63. In other words, the price has increased by $+0.10 from its previous closing price. On the day, 3252001 shares were traded.
Ratios:
Our analysis of LAC’s different ratios will help us gain a deeper understanding of the company. 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 921.52M and an Enterprise Value of 768.40M.
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 4.94, while the 200-Day Moving Average is calculated to be 6.13.
Shares Statistics:
LAC traded an average of 2.87M shares per day over the past three months and 3.65M shares per day over the past ten days. 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 29, 2024 were 15.02M with a Short Ratio of 5.23, compared to 13.72M on Jan 31, 2024.
Earnings Estimates
The firm’s stock currently is rated by 4 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.
