Stock Surge: Lithium Americas Corp (NewCo) (LAC) Closes at 3.33, Marking a 10.63 Increase/Decrease

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In the latest session, Lithium Americas Corp (NewCo) (NYSE: LAC) closed at $3.33 up 10.63% from its previous closing price of $3.01. In other words, the price has increased by $10.63 from its previous closing price. On the day, 15.6 million shares were traded. LAC stock price reached its highest trading level at $3.36 during the session, while it also had its lowest trading level at $2.98.

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 20.14 and its Current Ratio is at 20.14. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.

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 726299648 and an Enterprise Value of 284949760.

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 28.65%, while the 200-Day Moving Average is calculated to be -14.49%.

Shares Statistics:

For the past three months, LAC has traded an average of 5.13M shares per day and 13897730 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 19.31% stake in the company. Shares short for LAC as of 1727654400 were 24886271 with a Short Ratio of 4.85, compared to 1724976000 on 23379829. Therefore, it implies a Short% of Shares Outstanding of 24886271 and a Short% of Float of 11.5.

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