Lithium Americas Corp (NewCo) (NYSE:LAC) currently has a daily average trading volume of 8.35M but it saw 6383202 shares traded in last market. With a market cap of 1.19B USD, the company’s current market price of $3.88 came rising about 6.30 while comparing to the previous closing price of $3.65. In past 52 weeks, the stock remained buoying in the range of price level as high as $7.71 and as low as $2.02. In the recent trading on the day, stock has struck highest price mark of $3.65 while lowest mark touched by it was $3.94.
Taking a look at 20-day trading activity of Lithium Americas Corp (NewCo) (LAC) gives us an average price of $4.01, while its current price level is -49.68% below from 52-week high level whereas it is 92.08% 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 $3.24 while that of 200 days or SMA-200 reads an average of $3.80. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.77% during that period while stretching the period over a month that increases to 9.76%. 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 53.90 which implies that the stock is in neutral territory.
Scotiabank issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $15 and $7.
Over the week, LAC’s stock price is moving 0.26% up while it is 22.01% when we observe its performance for the past one month. Year-to-date it is -39.37% down and over the past year, the stock is showing a downside performance of -45.04%.
The company is expected to be releasing its next quarterly report in December, for which analysts forecasted an EPS of -0.02 while estimate for next year EPS is -0.13.
Currently, Lithium Americas Corp (NewCo)’s total number of outstanding shares is 218.00M with 7.39% of that held by the insiders while 25.15% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -2.20%. Stock’s beta reads 0.43. Stock has a price to book (P/B) ratio of 1.29.
