Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
After finishing at $2.94 in the prior trading day, Lithium Americas Corp (NewCo) (NYSE: LAC) closed at $2.85, down -3.06%. In other words, the price has decreased by -$3.06 from its previous closing price. On the day, 3.16 million shares were traded. LAC stock price reached its highest trading level at $2.96 during the session, while it also had its lowest trading level at $2.82.
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 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 637562048 and an Enterprise Value of 285522496.
Stock Price History:
The Beta on a monthly basis for LAC is 0.74, which has changed by -0.5637982 over the last 52 weeks, in comparison to a change of 0.10063088 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 -4.85%, while the 200-Day Moving Average is calculated to be -4.91%.
Shares Statistics:
The stock has traded on average 4.68M shares per day over the past 3-months and 3609520 shares per day over the last 10 days, according to various share statistics. A total of 218.29M shares are outstanding, with a floating share count of 184.55M. Insiders hold about 15.49% of the company’s shares, while institutions hold 15.65% stake in the company. Shares short for LAC as of 1741910400 were 33970129 with a Short Ratio of 7.26, compared to 1739491200 on 29238078. Therefore, it implies a Short% of Shares Outstanding of 33970129 and a Short% of Float of 15.67.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
