Upward Trajectory: Lithium Americas Corp (NewCo) (LAC) Posts a Slidee, Closing at 2.78

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The closing price of Lithium Americas Corp (NewCo) (NYSE: LAC) was $2.78 for the day, down -5.12% from the previous closing price of $2.93. In other words, the price has decreased by -$5.12 from its previous closing price. On the day, 5.45 million shares were traded. LAC stock price reached its highest trading level at $2.93 during the session, while it also had its lowest trading level at $2.76.

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 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 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 605180992 and an Enterprise Value of 460232736. Its current Enterprise Value per Revenue stands at 146.198 whereas that against EBITDA is -16.72.

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 $2.90. The 50-Day Moving Average of the stock is -39.46%, while the 200-Day Moving Average is calculated to be -52.53%.

Shares Statistics:

LAC traded an average of 5.60M shares per day over the past three months and 4385330 shares per day 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 11.28% stake in the company. Shares short for LAC as of 1715731200 were 18144795 with a Short Ratio of 3.24, compared to 1713139200 on 14889933. Therefore, it implies a Short% of Shares Outstanding of 18144795 and a Short% of Float of 8.41.

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