Lithium Americas Corp (NewCo) (NYSE: LAC) Now $3.12 Higher From Its Low (-0.02), Does It Still Have A Growth Story?

Lithium Americas Corp (NewCo) (NYSE:LAC) currently has a daily average trading volume of 5.49M but it saw 4572658 shares traded in last market. With a market cap of 673.23M USD, the company’s current market price of $3.10 came falling about -2.21 while comparing to the previous closing price of $3.17. In past 52 weeks, the stock remained buoying in the range of price level as high as $12.38 and as low as $3.12.

Taking a look at 20-day trading activity of Lithium Americas Corp (NewCo) (LAC) gives us an average price of $3.90, while its current price level is -74.96% below from 52-week high level whereas it is -0.64% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $4.98. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.77% during that period while stretching the period over a month that increases to 5.09%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 22.83 which implies that the stock is in oversold territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Scotiabank which downgraded the stock as “Sector Perform” in its note to investors issued on March 18, 2024, recommending a price target of between $15 and $7 for it.

Over the week, LAC’s stock price is moving -7.74% down while it is -31.72% when we observe its performance for the past one month. Year-to-date it is -51.56% down and over the past year.

Currently, Lithium Americas Corp (NewCo)’s total number of outstanding shares is 217.17M. Company’s return on investment (ROI) stands at -3.56%. Stock has a price to book (P/B) ratio of 1.24.