The stock of Lithium Americas Corp (NewCo) (NYSE: LAC) has increased by 3.16 when compared to last closing price of 3.95.Despite this, the company has seen a gain of 5.03% in its stock price over the last five trading days. marketbeat.com reported 2024-11-27 that The Russell 2000 Index, often called the small-cap index, is up about 19.6% in 2024. Much of that gain has come in the last six months, and the clarity after the U.S. presidential election is stirring animal spirits in the sector.
Is It Worth Investing in Lithium Americas Corp (NewCo) (NYSE: LAC) Right Now?
Moreover, the 36-month beta value for LAC is 0.45. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 3 as “overweight,” 6 as “hold,” and 0 as “sell.”
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The public float for LAC is 186.77M and currently, short sellers hold a 13.94% of that float. On November 29, 2024, LAC’s average trading volume was 8.51M shares.
LAC’s Market Performance
LAC’s stock has seen a 5.03% increase for the week, with a -0.85% drop in the past month and a 66.33% gain in the past quarter. The volatility ratio for the week is 5.87%, and the volatility levels for the past 30 days are at 8.14% for Lithium Americas Corp (NewCo). The simple moving average for the past 20 days is 2.44% for LAC’s stock, with a 7.49% 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 19.86% 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 -47.15% of loss for the given period.
Volatility was left at 8.14%, however, over the last 30 days, the volatility rate increased by 5.87%. Over the last 50 days, in opposition, the stock is trading +70.00% upper at present.
During the last 5 trading sessions, LAC rose by +5.15%, which changed the moving average for the period of 200-days by -9.73% in comparison to the 20-day moving average, which settled at $3.98. In addition, Lithium Americas Corp (NewCo) saw -36.33% 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 10395.23. 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
To wrap up, the performance of Lithium Americas Corp (NewCo) (LAC) has been mixed in recent times. The stock has received a mixed of “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.
