Lithium Americas Corp. (NYSE:LAC) went up by 5.82% from its latest closing price compared to the recent 1-year high of $28.75. The company’s stock price has collected 1.57% of gains in the last five trading sessions. Press Release reported on 07/16/21 that Ganfeng Lithium Co., Ltd. to Acquire Millennial Lithium Corp. in an All-Cash Offer for $353 Million
Is It Worth Investing in Lithium Americas Corp. (NYSE :LAC) Right Now?
Opinions of the stock are interesting as 6 analysts out of 8 who provided ratings for Lithium Americas Corp. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 2 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $21.50. LAC currently public float of 92.14M and currently shorts hold a 11.40% ratio of that float. Today, the average trading volume of LAC was 2.57M shares.
LAC’s Market Performance
LAC stocks went up by 1.57% for the week, with a monthly jump of 2.68% and a quarterly performance of 3.35%, while its annual performance rate touched 148.51%. The volatility ratio for the week stands at 6.30% while the volatility levels for the past 30 days are set at 6.09% for Lithium Americas Corp.. The simple moving average for the period of the last 20 days is -0.34% for LAC stocks with a simple moving average of -3.15% for the last 200 days.
Analysts’ Opinion of LAC
Many brokerage firms have already submitted their reports for LAC stocks, with B. Riley Securities repeating the rating for LAC by listing it as a “Buy.” The predicted price for LAC in the upcoming period, according to B. Riley Securities is $25 based on the research report published on March 31st of the current year 2021.
Cowen, on the other hand, stated in their research note that they expect to see LAC reach a price target of $17. The rating they have provided for LAC stocks is “Market Perform” according to the report published on March 10th, 2021.
Stifel gave a rating of “Buy” to LAC, setting the target price at $13.25 in the report published on December 23rd of the previous year.
LAC Trading at -0.09% from the 50-Day Moving Average
After a stumble in the market that brought LAC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -50.64% of loss for the given period.
Volatility was left at 6.09%, however, over the last 30 days, the volatility rate increased by 6.30%, as shares surge +0.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.09% upper at present.
During the last 5 trading sessions, LAC rose by +1.57%, which changed the moving average for the period of 200-days by -3.47% in comparison to the 20-day moving average, which settled at $14.24. In addition, Lithium Americas Corp. saw 13.07% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for LAC
The total capital return value is set at -12.08, while invested capital returns managed to touch -13.27.
Based on Lithium Americas Corp. (LAC), the company’s capital structure generated 63.57 points at debt to equity in total, while total debt to capital is 38.86. Total debt to assets is 37.10, with long-term debt to equity ratio resting at 63.57. Finally, the long-term debt to capital ratio is 38.86.
The liquidity ratio also appears to be rather interesting for investors as it stands at 17.51.