Lithium Americas Corp (NewCo) (LAC) concluded trading on Wednesday at a closing price of $2.93, with 6.11 million shares of worth about $17.9 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 3.17% during that period and on December 18, 2024 the price saw a loss of about -6.39%. Currently the company’s common shares owned by public are about 218.29M shares, out of which, 186.83M shares are available for trading.
Stock saw a price change of -13.06% in past 5 days and over the past one month there was a price change of -19.06%. Year-to-date (YTD), LAC shares are showing a performance of -54.22% which decreased to -54.85% 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 $7.71 during that period. The average intraday trading volume for Lithium Americas Corp (NewCo) shares is 8.98 million. The stock is currently trading -18.98% below its 20-day simple moving average (SMA20), while that difference is down -19.19% for SMA50 and it goes to -20.97% lower than SMA200.
Lithium Americas Corp (NewCo) (NYSE: LAC) currently have 218.29M outstanding shares and institutions hold larger chunk of about 17.92% of that.
The stock has a current market capitalization of $639.85M and its 3Y-monthly beta is at 0.80. It has posted earnings per share of -$0.09 in the same period. It has Quick Ratio of 13.88 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 5.38% while standing at 5.69% over the month.
Stock’s fiscal year EPS is expected to drop by -412.50% while it is estimated to decrease by -29.07% in next year.
Coverage by Piper Sandler stated Lithium Americas Corp (NewCo) (LAC) stock as a Neutral in their note to investors on July 29, 2024, suggesting a price target of $3.90 for the stock. On March 18, 2024, Scotiabank Downgrade their recommendations, while on December 11, 2023, JP Morgan Initiated their ratings for the stock with a price target of $7. Stock get an Outperform rating from National Bank Financial on November 15, 2023.
