In terms of market performance, Lithium Americas Corp (NewCo) had a fairly uneven. The highest value for the stock in the past year was $7.71 on 04/12/24, and the lowest value was recorded at $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 -46.82% away from its 52-week high, while its distance from the 52-week low is 102.97%. The stock’s price range during the 52-week period has remained between $2.02 and $7.71. In the Basic Materials sector, the company’s shares saw a trading volume of around 2.91 million for the day, which was evidently lower than the average daily volume of 8.51 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 67.35% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 895.36M.
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 2.97, with a change in price of +1.50. Similarly, Lithium Americas Corp (NewCo) recorded 6,812,464 in trading volume during the last 100 days, posting a change of +58.14%.
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 0.00.
LAC Stock Stochastic Average
Lithium Americas Corp (NewCo)’s raw stochastic average for the past 50 days is presently 61.58%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 55.32%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 46.10% and 40.36%, respectively.
LAC Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Until today this year the stock’s price performance recorded a decrease of -35.94%. However, over the last six months, the performance has been weaker by 20.94%. The price of LAC decreased -0.24% over the last 30 days. And in the last five days, it has surged by 5.67%.
