Lithium Americas Corp (NewCo) experienced a rather shaky stock market performance. The highest value in the past year was recorded at $8.07 on 11/15/23 and the lowest value was $2.02 on 08/05/24.
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 (NewCo)’s current trading price is -62.70% away from its 52-week high, while its distance from the 52-week low is 49.01%. The stock’s price range during the 52-week period has remained between $2.02 and $8.07. In the Basic Materials sector, the company’s shares saw a trading volume of around 13.02 million for the day, which was evidently higher than the average daily volume of 4.98 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Lithium Americas Corp (NewCo) (LAC) has experienced a quarterly rise of 6.36% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 656.18M.
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 2.67, with a change in price of -0.34. Similarly, Lithium Americas Corp (NewCo) recorded 4,889,260 in trading volume during the last 100 days, posting a change of -10.15%.
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 0.01. Similarly, the long-term debt-to-equity ratio is also 0.01.
LAC Stock Stochastic Average
Lithium Americas Corp (NewCo)’s raw stochastic average for the past 50 days is presently 58.06%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 49.61%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 60.42% and 67.65%, respectively.
LAC Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. This year’s metric has recorded a Price decrease of -52.97%. However, over the past six months, we’ve seen a stronger performance of -36.63%. The price of LAC fallen by 31.44% over the last 30 days. And in the last five days, it has surged by 7.12%.
