Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
As of close of business last night, Lithium Americas Corp (NewCo)’s stock clocked out at $3.29, down -4.08% from its previous closing price of $3.43. In other words, the price has decreased by -$4.08 from its previous closing price. On the day, 4.39 million shares were traded. LAC stock price reached its highest trading level at $3.39 during the session, while it also had its lowest trading level at $3.2138.
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 718463616 and an Enterprise Value of 381609024.
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 -9.66%, while the 200-Day Moving Average is calculated to be -6.80%.
Shares Statistics:
It appears that LAC traded 9.16M shares on average per day over the past three months and 5035970 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 18.10% stake in the company. Shares short for LAC as of 1734048000 were 28344886 with a Short Ratio of 2.84, compared to 1731628800 on 30011240. Therefore, it implies a Short% of Shares Outstanding of 28344886 and a Short% of Float of 13.069999.
