Lithium Americas Corp (NewCo) (NYSE:LAC) price closed lower on Tuesday, March 26, dropping -3.50% below its previous close.
A look at the daily price movement shows that the last close reads $6.86. Taking into account the 52-week price action we note that the stock hit a 52-week high of $12.38 and 52-week low of $3.81. The stock added 50.11% on its value in the past month.
Lithium Americas Corp (NewCo), which has a market valuation of $1.07 billion, is expected to release its quarterly earnings report Mar 29, 2024 – Apr 02, 2024. Analysts tracking LAC have forecast the quarterly EPS to shrink by -0.06 per share this quarter, while the same analysts predict the annual EPS to hit -$0.11 for the year 2024 and up to -$0.25 for 2025. In this case, analysts estimate an annual EPS growth of 50.00% for the year and -127.30% for the next year.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews.
The overview shows that LAC’s price is at present 16.10% off the SMA20 and 33.07% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 62.61, with weekly volatility standing at 10.04%. The indicator jumps to 9.46% when calculated based on the past 30 days. Lithium Americas Corp (NewCo) (NYSE:LAC)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 0.54.
An analysis of the Lithium Americas Corp (NewCo) (NYSE:LAC) stock in terms of its daily trading volume indicates that the 3-month average is 3.51 million. However, this figure increases on the past 10-day timeline to an average of 7.46 million.
Current records show that the company has 161.78M in outstanding shares. The insiders’ percentage holdings are 19.69% of outstanding shares while the percentage share held by institutions stands at 16.35%. The stats also highlight that short interest as of Feb 29, 2024, stood at 15.02 million shares, which puts the short ratio at the time at 5.37. From this we can glean that short interest is 9.31% of company’s current outstanding shares. Notably, we see that shares short in February rose slightly given the previous month’s figure stood at 13.72 million. But the 3.44% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
