Lithium Americas Corp. (LAC) stock is currently valued at $20.48. During the last session, the stock experienced a remarkable rise, reaching $21.14 after opening at $19.94. The stock briefly dropped to $19.90 before ultimately closing at $21.04.
The market performance of Lithium Americas Corp.’s stock has been turbulent in recent times. Over the last year, the company’s stock reached its highest point at $29.89 on 09/21/22, while the lowest value for the same duration was $16.07 on 08/18/23.
52-week price history of LAC Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Lithium Americas Corp.’s current trading price is -31.49% away from its 52-week high, while its distance from the 52-week low is 27.47%. The stock’s price range during the 52-week period has remained between $16.07 and $29.89. In the Basic Materials sector, the company’s shares saw a trading volume of around 1.72 million for the day, which was evidently higher than the average daily volume of 1.59 million over the past three months.
Market Capitalization and Financial Performance: An In-Depth Look
Lithium Americas Corp. (LAC) has experienced a quarterly decline of -1.87% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.09B and boasts a workforce of 57 employees.
A Closer Look at Analysts’ Ratings for Lithium Americas Corp.
As of right now, 13 analysts are rating Lithium Americas Corp. as a BUY, 1 of the polled analysts branded the stock as an OVERWEIGHT, 0 analyst is recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 19.89, with a change in price of +0.86. Similarly, Lithium Americas Corp. recorded 1,566,405 in trading volume during the last 100 days, posting a change of +4.39%.
Examining LAC’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for LAC stands at 0.16. Similarly, the long-term debt-to-equity ratio is also 0.16.
LAC Stock Stochastic Average
As of today, Lithium Americas Corp.’s raw stochastic average for the last 50 days stands at 77.16%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 79.96%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 90.83% and 87.02%, respectively.
LAC Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. Until today this year the stock’s price performance recorded an increase of 8.07%. However, over the last six months, the performance has been weaker by 1.68%. The price of LAC increased 23.14% over the last 30 days. And in the last five days, it has surged by 6.99%.