Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
The price of Lithium Americas Corp (NewCo) (NYSE: LAC) closed at $3.39 in the last session, up 3.35% from day before closing price of $3.28. In other words, the price has increased by $3.35 from its previous closing price. On the day, 5.03 million shares were traded. LAC stock price reached its highest trading level at $3.4288 during the session, while it also had its lowest trading level at $3.2705.
Ratios:
We take a closer look at LAC’s different ratios to gain a better understanding of the stock. 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 742484608 and an Enterprise Value of 403446848.
Stock Price History:
The Beta on a monthly basis for LAC is 0.86, which has changed by -0.32648873 over the last 52 weeks, in comparison to a change of 0.22212577 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 -4.91%, while the 200-Day Moving Average is calculated to be -2.03%.
Shares Statistics:
According to the various share statistics, LAC traded on average about 9.06M shares per day over the past 3-months and 4762530 shares per day over the past 10 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 1735603200 were 27494581 with a Short Ratio of 3.13, compared to 1732838400 on 26335407. Therefore, it implies a Short% of Shares Outstanding of 27494581 and a Short% of Float of 12.68.
