Lithium Americas Corp (NewCo) (LAC) concluded trading on Wednesday at a closing price of $2.21, with 2.8 million shares of worth about $6.2 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -47.00% during that period and on August 14, 2024 the price saw a loss of about -4.74%. Currently the company’s common shares owned by public are about 217.17M shares, out of which, 185.62M shares are available for trading.
Stock saw a price change of -0.90% in past 5 days and over the past one month there was a price change of -31.15%. Over the period of past 52 weeks, stock dropped to lowest price of $2.02 but also hit the highest price of $12.38 during that period. The average intraday trading volume for Lithium Americas Corp (NewCo) shares is 4.48 million. The stock is currently trading -13.94% below its 20-day simple moving average (SMA20), while that difference is down -19.11% for SMA50 and it goes to -54.94% lower than SMA200.
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Lithium Americas Corp (NewCo) (NYSE: LAC) currently have 217.17M outstanding shares and institutions hold larger chunk of about 13.00% of that.
The stock has a current market capitalization of $479.95M. It has posted earnings per share of -$0.09 in the same period. It has Quick Ratio of 6.94 while making debt-to-equity ratio of 0.01. 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 6.28% while standing at 7.17% over the month.
Stock’s fiscal year EPS is expected to drop by -475.82% while it is estimated to decrease by -21.30% in next year.
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 Piper Sandler on July 29, 2024 offering a Neutral rating for the stock and assigned a target price of $3.90 to it. Coverage by Scotiabank stated Lithium Americas Corp (NewCo) (LAC) stock as a Sector perform in their note to investors on March 18, 2024, suggesting a price target of $7 for the stock. Stock get a Speculative buy rating from Canaccord Genuity on October 31, 2023.
