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In the latest session, Lithium Americas Corp (NewCo) (NYSE: LAC) closed at $2.13 down -2.74% from its previous closing price of $2.19. In other words, the price has decreased by -$2.74 from its previous closing price. On the day, 2.34 million shares were traded. LAC stock price reached its highest trading level at $2.22 during the session, while it also had its lowest trading level at $2.13.
Ratios:
For a deeper understanding of Lithium Americas Corp (NewCo)’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 6.94 and its Current Ratio is at 6.94. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
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, Piper Sandler on July 29, 2024, initiated with a Neutral rating and assigned the stock a target price of $3.90.
On March 18, 2024, Scotiabank Downgraded its rating to Sector Perform which previously was Sector Outperform and also lowered its target price recommendation from $15 to $7.
On December 11, 2023, JP Morgan started tracking the stock assigning a Neutral rating and target price of $7.JP Morgan initiated its Neutral rating on December 11, 2023, with a $7 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 477450208 and an Enterprise Value of 319072224. Its current Enterprise Value per Revenue stands at 101.357 whereas that against EBITDA is -11.592.
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 $2.02. The 50-Day Moving Average of the stock is -23.33%, while the 200-Day Moving Average is calculated to be -56.97%.
Shares Statistics:
For the past three months, LAC has traded an average of 4.52M shares per day and 2997150 over the past ten days. A total of 217.17M shares are outstanding, with a floating share count of 185.62M. Insiders hold about 14.53% of the company’s shares, while institutions hold 12.57% stake in the company. Shares short for LAC as of 1721001600 were 19140334 with a Short Ratio of 4.24, compared to 1718323200 on 20333542. Therefore, it implies a Short% of Shares Outstanding of 19140334 and a Short% of Float of 8.88.
