Seeking to outpace the market, investors engage in the art of selecting individual stocks. The right picks can play a pivotal role in boosting your wealth.
The price of Lithium Americas Corp (NewCo) (NYSE: LAC) closed at $4.73 in the last session, up 1.50% from day before closing price of $4.66. In other words, the price has increased by $1.50 from its previous closing price. On the day, 8.82 million shares were traded. LAC stock price reached its highest trading level at $4.9 during the session, while it also had its lowest trading level at $4.67.
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 3.37 and its Current Ratio is at 3.37. In the meantime, Its Debt-to-Equity ratio is 0.16 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 the company, Scotiabank on March 18, 2024, Downgraded its rating to Sector Perform and sets its target price to $7 from $15 previously.
On December 11, 2023, JP Morgan started tracking the stock assigning a Neutral rating and target price of $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 767040384 and an Enterprise Value of 573660928.
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 $3.81. The 50-Day Moving Average of the stock is -17.02%, while the 200-Day Moving Average is calculated to be -25.86%.
Shares Statistics:
According to the various share statistics, LAC traded on average about 4.12M shares per day over the past 3-months and 6304570 shares per day over the past 10 days. A total of 161.78M shares are outstanding, with a floating share count of 130.62M. Insiders hold about 19.45% of the company’s shares, while institutions hold 16.12% stake in the company. Shares short for LAC as of 1711584000 were 14820764 with a Short Ratio of 3.59, compared to 1709164800 on 15017887. Therefore, it implies a Short% of Shares Outstanding of 14820764 and a Short% of Float of 9.24.
Earnings Estimates
The market rating for Lithium Americas Corp (NewCo) (LAC) is a result of the insights provided by 2 analysts actively involved in the assessment.On average, analysts expect EPS of -$0.06 for the current quarter, with a high estimate of -$0.04 and a low estimate of -$0.07, while EPS last year was -$-. The consensus estimate for the next quarter is -$0.05, with high estimates of -$0.03 and low estimates of -$0.07.
Analysts are recommending an EPS of between $0.15 and -$0.27 for the fiscal current year, implying an average EPS of -$0.11. EPS for the following year is -$0.27, with 8 analysts recommending between $0.28 and -$0.7.
