Lithium Americas Corp (NewCo) (LAC) concluded trading on Wednesday at a closing price of $2.59, with 3.45 million shares of worth about $8.94 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -63.47% during that period and on October 02, 2024 the price saw a gain of about 0.78%. Currently the company’s common shares owned by public are about 218.00M shares, out of which, 186.45M shares are available for trading.
Stock saw a price change of 7.47% in past 5 days and over the past one month there was a price change of 14.10%. Year-to-date (YTD), LAC shares are showing a performance of -59.53% which decreased to -74.43% when we look at its performance for past 12 months. 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 3.55 million. The stock is currently trading 7.56% above its 20-day simple moving average (SMA20), while that difference is up 4.72% for SMA50 and it goes to -37.78% lower than SMA200.
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Lithium Americas Corp (NewCo) (NYSE: LAC) currently have 218.00M outstanding shares and institutions hold larger chunk of about 19.08% of that.
The stock has a current market capitalization of $564.62M and its 3Y-monthly beta is at 2.25. It has posted earnings per share of -$0.09 in the same period. It has Quick Ratio of 20.14 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 7.88% while standing at 6.23% over the month.
Stock’s fiscal year EPS is expected to drop by -343.54% while it is estimated to decrease by -61.65% 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.
