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The closing price of Lithium Americas Corp (NewCo) (NYSE: LAC) was $3.92 for the day, down -4.16% from the previous closing price of $4.09. In other words, the price has decreased by -$4.16 from its previous closing price. On the day, 9.62 million shares were traded. LAC stock price reached its highest trading level at $4.055 during the session, while it also had its lowest trading level at $3.76.
Ratios:
Our analysis of LAC’s different ratios will help us gain a deeper understanding of the company. 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 862913600 and an Enterprise Value of 514790880.
Stock Price History:
Over the past 52 weeks, LAC has reached a high of $7.86, while it has fallen to a 52-week low of $2.02. The 50-Day Moving Average of the stock is 32.61%, while the 200-Day Moving Average is calculated to be 2.68%.
Shares Statistics:
LAC traded an average of 7.58M shares per day over the past three months and 15746680 shares per day over the past ten 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 19.36% stake in the company. Shares short for LAC as of 1728950400 were 26042764 with a Short Ratio of 3.44, compared to 1726185600 on 25515939. Therefore, it implies a Short% of Shares Outstanding of 26042764 and a Short% of Float of 12.01.
