Lithium Americas Corp (NewCo) (LAC)’s stock is trading at $5.63 at the moment marking a fall of -3.45% from the last session close. As of this writing, shares are priced at -54.53% less than their 52-week high of $12.38, and 47.74% over their 52-week low of $3.81. Based on the past 30-day period, the stock price is -5.23% below the high and +37.91% above the low.
LAC’s price to book ratio for the most recent quarter was 3.07, resulting in an 4.53 price to cash per share for the period.
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How does Lithium Americas Corp (NewCo) (LAC) stock rate among analysts? Buy, sell, or hold?
The key to trading is to concentrate on the future rather than on the past. During uncertain times, it can be hard to make decisions. The analysts who understand how a market works are usually the most accurate at forecasting its future. Currently, there are 7 brokerage firms that recommend the stock as a Moderate Buy. The ratings are commonly aggregated into a single number between 1 and 5. Buy or strong buy is scored 5, outperform is scored 4, hold is scored 3, underperform is scored 2 and strong sell is 1. Using a scale of 1-5, the current average recommendation is 4.43 in simple terms.
Lithium Americas Corp (NewCo) (LAC): Earnings History
If we examine Lithium Americas Corp (NewCo)’s recent earnings history, in the last quarter ended on 9/29/2023, it posted adjusted earnings per share of -$0.07, beating the consensus of -$0.05. In other words, it beat the consensus by -$0.02, resulting in a -40.00% surprise. In the 3 months period before the previous quarter which was closed on 9/29/2023, the stock recorded adjusted earnings per share of -$0.07 in contrast with the Outlook of -$0.05. That was a difference of -$0.02 and a surprise of -40.00%.
Lithium Americas Corp (NewCo) (NYSE: LAC) Ownership Details
I will give a breakdown of the key shareholders in Lithium Americas Corp (NewCo) (LAC). Recent figures show that the company’s insiders hold 0.39% of shares. A total of 250 institutional investors hold shares in the company, making 25.56% of its stock and 25.66% of its float.
An overview of Lithium Americas Corp (NewCo)’s technicals
In order to learn about trade movements and investor behavior, it is best to analyze the short, medium, and long term technical indicators along with the average volume of a stock. A 20-day average of the stock’s daily volume suggests Lithium Americas Corp (NewCo) (LAC) traded 2,983,865 shares per day, with a moving average of $4.89 and price change of +1.09. With the moving average of $4.95 and a price change of -0.98, about 2,693,678 shares changed hands on average over the past 50 days. Finally, LAC’s 100-day average volume is 2,626,046 shares, alongside a moving average of $5.88 and a price change of -3.48.
