Company’s 36-month beta value is 0.45.Analysts have differing opinions on the stock, with 6 analysts rating it as a “buy,” 3 as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for LAC is 186.45M, and currently, short sellers hold a 13.97% ratio of that floaft. The average trading volume of LAC on November 18, 2024 was 8.23M shares.
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LAC) stock’s latest price update
The stock of Lithium Americas Corp (NewCo) (NYSE: LAC) has decreased by -3.88 when compared to last closing price of 3.87. Despite this, the company has experienced a -5.10% fall in its stock price over the last five trading sessions. fool.com reported 2024-11-14 that 2 Incredible Growth Stocks That Could Power the Fourth Industrial Revolution
LAC’s Market Performance
Lithium Americas Corp (NewCo) (LAC) has seen a -5.10% fall in stock performance for the week, with a 14.81% gain in the past month and a 41.44% surge in the past quarter. The volatility ratio for the week is 10.39%, and the volatility levels for the past 30 days are at 10.39% for LAC. The simple moving average for the past 20 days is -4.83% for LAC’s stock, with a -2.25% simple moving average for the past 200 days.
Analysts’ Opinion of LAC
Piper Sandler, on the other hand, stated in their research note that they expect to see LAC reach a price target of $3.90. The rating they have provided for LAC stocks is “Neutral” according to the report published on July 29th, 2024.
Scotiabank gave a rating of “Sector Perform” to LAC, setting the target price at $7 in the report published on March 18th of the current year.
LAC Trading at 19.00% 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 -52.67% of loss for the given period.
Volatility was left at 10.39%, however, over the last 30 days, the volatility rate increased by 10.39%, as shares surge +18.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +66.07% upper at present.
During the last 5 trading sessions, LAC fell by -5.10%, which changed the moving average for the period of 200-days by -14.48% in comparison to the 20-day moving average, which settled at $3.91. In addition, Lithium Americas Corp (NewCo) saw -41.88% 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:
- -384.6 for the present operating margin
- -2.81 for the gross margin
The net margin for Lithium Americas Corp (NewCo) stands at -510.93. The total capital return value is set at -0.03.
Currently, EBITDA for the company is -27.36 million with net debt to EBITDA at 9.9. When we switch over and look at the enterprise to sales, we see a ratio of 8893.96. The receivables turnover for the company is 0.02for 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 13.88.
Conclusion
In a nutshell, Lithium Americas Corp (NewCo) (LAC) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
