Lithium Americas Corp (NewCo) (LAC) concluded trading on 01/11/24 at a closing price of $5.39, with 4.55 million shares of worth about $24.52 million changed hands on the day. On Thursday the price saw a loss of about -8.18%. Currently the company’s common shares owned by public are about 161.31M shares, out of which, 161.31M shares are available for trading.
Lithium Americas Corp (NewCo) (NYSE: LAC) started trading at $5.85, below -$0.02 from concluding price of the previous day. However, the stock later moved at a day high price of 5.85, or with a loss of -8.18%. Stock saw a price change of -11.64% in past 5 days and over the past one month there was a price change of -11.35%. Over the period of past 52 weeks, stock dropped to lowest price of $5.80 but also hit the highest price of $12.38 during that period. The average intraday trading volume for Lithium Americas Corp (NewCo) shares is 2.56 million. The stock is currently trading -15.14% below its 20-day simple moving average (SMA20), while that difference is down -19.19% for SMA50 and it goes to -26.26% lower than SMA200.
Lithium Americas Corp (NewCo) (NYSE: LAC) currently have 161.31M outstanding shares and institutions hold larger chunk of about 5.67% of that.
The stock has a current market capitalization of $869.46M. It has posted earnings per share of -$0.11 in the same period. It has Quick Ratio of 10.13 while making debt-to-equity ratio of 0.16. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LAC, volatility over the week remained 4.09% while standing at 4.83% over the month.
Analysts at 9 brokerage firms have issued recommendations for the Lithium Americas Corp (NewCo) (LAC)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.44. Out of those 9 Wall Street analysts, 7 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JP Morgan on December 11, 2023 offering a Neutral rating for the stock and assigned a target price of $7 to it.
