Lithium Americas Corp. (NYSE:LAC) went down by -3.88% from its latest closing price compared to the recent 1-year high of $41.56. The company’s stock price has collected -13.09% of loss in the last five trading sessions. Press Release reported on 01/05/22 that Lithium Americas Reports Millennial Lithium Shareholder Approval of Transaction
Is It Worth Investing in Lithium Americas Corp. (NYSE :LAC) Right Now?
Plus, the 36-month beta value for LAC is at 1.34. Opinions of the stock are interesting as 9 analysts out of 15 who provided ratings for Lithium Americas Corp. declared the stock was a “buy,” while 2 rated the stock as “overweight,” 4 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $36.84, which is $9.04 above the current price. LAC currently public float of 100.12M and currently shorts hold a 8.74% ratio of that float. Today, the average trading volume of LAC was 4.65M shares.
LAC’s Market Performance
LAC stocks went down by -13.09% for the week, with a monthly drop of -21.29% and a quarterly performance of 24.12%, while its annual performance rate touched 44.03%. The volatility ratio for the week stands at 9.05% while the volatility levels for the past 30 days are set at 6.86% for Lithium Americas Corp.. The simple moving average for the period of the last 20 days is -10.70% for LAC stocks with a simple moving average of 28.89% for the last 200 days.
Analysts’ Opinion of LAC
Many brokerage firms have already submitted their reports for LAC stocks, with Deutsche Bank repeating the rating for LAC by listing it as a “Hold.” The predicted price for LAC in the upcoming period, according to Deutsche Bank is $31 based on the research report published on November 16th of the previous year 2021.
Piper Sandler gave a rating of “Neutral” to LAC, setting the target price at $20 in the report published on October 01st of the previous year.
LAC Trading at -16.93% 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 -35.61% of loss for the given period.
Volatility was left at 6.86%, however, over the last 30 days, the volatility rate increased by 9.05%, as shares sank -20.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.02% lower at present.
During the last 5 trading sessions, LAC fell by -13.09%, which changed the moving average for the period of 200-days by +83.92% in comparison to the 20-day moving average, which settled at $29.62. In addition, Lithium Americas Corp. saw -8.10% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for LAC
The total capital return value is set at -12.08, while invested capital returns managed to touch -13.27. Equity return is now at value -12.30, with -9.10 for asset returns.
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.