In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.
As of close of business last night, Lithium Americas Corp (NewCo)’s stock clocked out at $3.06, up 6.62% from its previous closing price of $2.87. In other words, the price has increased by $6.62 from its previous closing price. On the day, 4.56 million shares were traded. LAC stock price reached its highest trading level at $3.09 during the session, while it also had its lowest trading level at $2.88.
Ratios:
To gain a deeper understanding of LAC’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 13.88 and its Current Ratio is at 13.88. In the meantime, Its Debt-to-Equity ratio is 0.01 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, Wedbush on December 19, 2024, initiated with a Neutral rating and assigned the stock a target price of $5.
On July 29, 2024, Piper Sandler started tracking the stock assigning a Neutral rating and target price of $3.90.Piper Sandler initiated its Neutral rating on July 29, 2024, with a $3.90 target price.
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 668236672 and an Enterprise Value of 331381984.
Stock Price History:
The Beta on a monthly basis for LAC is 1.13, which has changed by -0.29484028 over the last 52 weeks, in comparison to a change of 0.2000997 over the same period for the S&P500. Over the past 52 weeks, LAC has reached a high of $7.71, while it has fallen to a 52-week low of $2.02. The 50-Day Moving Average of the stock is -8.26%, while the 200-Day Moving Average is calculated to be -4.79%.
Shares Statistics:
It appears that LAC traded 5.92M shares on average per day over the past three months and 5387320 shares per day over the past ten days. A total of 218.29M shares are outstanding, with a floating share count of 187.06M. Insiders hold about 14.34% of the company’s shares, while institutions hold 18.29% stake in the company. Shares short for LAC as of 1736899200 were 30148836 with a Short Ratio of 5.09, compared to 1734048000 on 28344886. Therefore, it implies a Short% of Shares Outstanding of 30148836 and a Short% of Float of 13.900000000000002.
Earnings Estimates
The dynamic stock of Lithium Americas Corp (NewCo) (LAC) is currently being evaluated by a team of 4 analysts, each contributing to its current rating.The consensus estimate for the next quarter is -$0.03, with high estimates of -$0.02 and low estimates of -$0.04.
Analysts are recommending an EPS of between -$0.1 and -$0.17 for the fiscal current year, implying an average EPS of -$0.13. EPS for the following year is -$0.11, with 10.0 analysts recommending between $0.1 and -$0.23.
