Currently, the stock price of Lithium Americas Corp (NewCo) (LAC) is $3.32. In the most recent trading session, the stock underwent a significant upswing, peaking at $8.0 after opening at $3.28. The stock touched a low of $2.2 before closing at $3.28.
The market performance of Lithium Americas Corp (NewCo) has been somewhat stable.
52-week price history of LAC Stock
Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. Lithium Americas Corp (NewCo)’s current trading price is -36.15% away from its 52-week high, while its distance from the 52-week low is 64.36%. The stock’s price range for this period has remained between $2.02 and $5.20. The Basic Materials sector company’s shares managed to surpass a trading volume of around 5.27 million for the day, which was noticeably lower compared to the shares’ average daily volume of 5.57 million over the last three months.
Financial Performance and Market Capitalization
Lithium Americas Corp (NewCo) (LAC) has experienced a quarterly rise of 23.88% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 726.78M and boasts a workforce of 79 employees.
Analysts’ Ratings For Lithium Americas Corp (NewCo)
As of right now, 5 analysts are rating Lithium Americas Corp (NewCo) as a BUY, 2 of the polled analysts branded the stock as an OVERWEIGHT, 7 analysts are recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 2.81, with a change in price of +0.57. Similarly, Lithium Americas Corp (NewCo) recorded 5,134,734 in trading volume during the last 100 days, posting a change of +20.65%.
LAC Debt-to-equity ratio analysis
The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for LAC stands at 0.03. Similarly, the long-term debt-to-equity ratio is also 0.02.
LAC Stock Stochastic Average
As of today, the raw stochastic average of Lithium Americas Corp (NewCo) over the past 50 days is 86.87%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 86.87%. Additionally, the Stochastic %K and %D values for the company were 85.19% and 83.84%, respectively, over the past 20 days.
LAC Stock Price Performance Analysis
The performance of the stock price over the year has been up and down, leaving investors with either an optimistic or pessimistic outlook, depending on how they interpret the data. This year’s metric has recorded a Price increase of 9.21%. However, over the past six months, we’ve seen a stronger performance of -3.49%. The price of LAC fallen by 25.28% over the last 30 days. And in the last five days, it has surged by 16.08%.
