Lithium Americas Corp (NewCo) (NYSE:LAC) traded at $5.73 at close of the session on Monday, March 18, made a downward move of -11.44% on its previous day’s price.
Looking at the stock we see that its previous close was $6.47 . In terms of its 52-week price range, LAC has a high of $12.38 and a low of $3.81. The company’s stock has gained about 25.93% over that past 30 days.
Lithium Americas Corp (NewCo) has a market cap of $927.00 million and is expected to release its quarterly earnings report on Mar 29, 2024 – Apr 02, 2024. Estimates by analysts give the company expected earnings per share (EPS) of $0.01, with the EPS growth for the year raised at -$0.08 for 2024 and -$0.21 for next year. These figures represent 63.60% and -162.50% growth in EPS for the two years respectively.
There have been 2 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term.
Looking further, we note the current price level is 11.58% off its SMA20 and 16.10% from its 50-day simple moving average. The RSI (14) is pointing at 56.52 while the volatility over the past week is 13.91% and jumps to 8.49% over the past one month.
Coming back to Lithium Americas Corp (NewCo) (NYSE:LAC), we note that the average 3-month trading volume was 3.27 million, while that of the preceding 10-day period stands at 6.2 million. Current shares outstanding are 161.78 million.
The insiders hold 9.35% of the company’s shares while institutions hold 16.35%. The data shows that short shares as of Feb 29, 2024, stood at 15.02 million at a short ratio of 5.37. This represents a 9.31% short interest in shares outstanding on Feb 29, 2024. Shares short rose in February from the previous month at 13.72 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -10.47% down in year-to-date price movement.
