In the past week, LAC stock has gone down by -1.42%, with a monthly decline of -33.94% and a quarterly surge of 17.62%. The volatility ratio for the week is 4.81%, and the volatility levels for the last 30 days are 5.60% for Lithium Americas Corp (NewCo). The simple moving average for the past 20 days is -17.97% for LAC’s stock, with a -27.86% simple moving average for the past 200 days.
Is It Worth Investing in Lithium Americas Corp (NewCo) (NYSE: LAC) Right Now?
There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for LAC is 130.62M, and at present, short sellers hold a 11.40% of that float. The average trading volume of LAC on May 06, 2024 was 4.69M shares.
LAC) stock’s latest price update
Lithium Americas Corp (NewCo) (NYSE: LAC)’s stock price has gone rise by 0.33 in comparison to its previous close of 4.49, however, the company has experienced a -1.42% decrease in its stock price over the last five trading days. InvestorPlace reported 2024-05-04 that It has been a topsy-turvy few years for lithium stocks. The shiny, white metal’s price surged in 2021, growing by more than 800%, spurred by the growing EV demand.
Analysts’ Opinion of LAC
Many brokerage firms have already submitted their reports for LAC stocks, with Scotiabank repeating the rating for LAC by listing it as a “Sector Perform.” The predicted price for LAC in the upcoming period, according to Scotiabank is $7 based on the research report published on March 18, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see LAC reach a price target of $7. The rating they have provided for LAC stocks is “Neutral” according to the report published on December 11th, 2023.
LAC Trading at -21.62% 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 -63.61% of loss for the given period.
Volatility was left at 5.60%, however, over the last 30 days, the volatility rate increased by 4.81%, as shares sank -32.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.77% upper at present.
During the last 5 trading sessions, LAC fell by -1.42%, in comparison to the 20-day moving average, which settled at $5.38. In addition, Lithium Americas Corp (NewCo) saw -29.61% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for LAC
Current profitability levels for the company are sitting at:
- -287.64 for the present operating margin
- 0.13 for the gross margin
The net margin for Lithium Americas Corp (NewCo) stands at 238.56. The total capital return value is set at -0.04.
Based on Lithium Americas Corp (NewCo) (LAC), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -5.44. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -2.74.
Currently, EBITDA for the company is -27.66 million with net debt to EBITDA at 13.11. When we switch over and look at the enterprise to sales, we see a ratio of 10022.66. The receivables turnover for the company is 0.01for trailing twelve months and the total asset turnover is 0.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.37.
Conclusion
In summary, Lithium Americas Corp (NewCo) (LAC) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
