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The price of Lithium Americas Corp (NewCo) (NYSE: LAC) closed at $3.97 in the last session, up 2.32% from day before closing price of $3.88. In other words, the price has increased by $2.32 from its previous closing price. On the day, 4.8 million shares were traded. LAC stock price reached its highest trading level at $4.0 during the session, while it also had its lowest trading level at $3.78.
Ratios:
We take a closer look at LAC’s different ratios to gain a better understanding of the stock. 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.
On July 29, 2024, Piper Sandler started tracking the stock assigning a Neutral rating and target price of $3.90.
Scotiabank Downgraded its Sector Outperform to Sector Perform on March 18, 2024, whereas the target price for the stock was revised from $15 to $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 870021504 and an Enterprise Value of 530106336.
Stock Price History:
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 21.35%, while the 200-Day Moving Average is calculated to be 4.52%.
Shares Statistics:
According to the various share statistics, LAC traded on average about 8.36M shares per day over the past 3-months and 8052540 shares per day over the past 10 days. A total of 218.00M shares are outstanding, with a floating share count of 186.45M. Insiders hold about 14.47% of the company’s shares, while institutions hold 17.91% stake in the company. Shares short for LAC as of 1730332800 were 29979474 with a Short Ratio of 3.11, compared to 1727654400 on 24886271. Therefore, it implies a Short% of Shares Outstanding of 29979474 and a Short% of Float of 13.83.
