The trading price of Lithium Americas Corp (NewCo) (NYSE:LAC) closed higher on Monday, April 22, closing at $4.75, 0.42% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $12.38 and a 52-week low of $3.81. Over the past month, the stock has lost -25.90% in value.
Lithium Americas Corp (NewCo), whose market valuation is $770.26 million at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.06 per share this quarter, however they have predicted annual earnings per share of -$0.12 for 2024 and -$0.21 for 2025. It means analysts are expecting annual earnings per share growth of 45.50% this year and -75.00% next year.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Lithium Americas Corp (NewCo) no upward and no downward comments were posted in the last 7 days.
A quick review shows that LAC’s price is currently -28.65% off the SMA20 and -16.86% off the SMA50. The RSI metric on the 14-day chart is currently showing 32.73, and weekly volatility stands at 4.98%. When measured over the past 30 days, the indicator reaches 6.69%. Lithium Americas Corp (NewCo) (NYSE:LAC)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.54.
To see how Lithium Americas Corp (NewCo) stock has been performing in comparison to its peers in the industry, here are the numbers: LAC stock’s performance was 0.42% in the latest trading.
An evaluation of the daily trading volume of Lithium Americas Corp (NewCo) (NYSE:LAC) indicates that the 3-month average is 4.20 million.
Currently, records show that 161.78 million of the company’s shares remain outstanding. The insiders hold 19.45% of outstanding shares, whereas institutions hold 16.12%. However, since the stock’s price has seen -25.78% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
