Lithium Americas Corp (NewCo) [LAC] stock is trading at $7.08, down -3.54%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The LAC shares have gain 3.81% over the last week, with a monthly amount glided 23.56%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Lithium Americas Corp (NewCo) [NYSE: LAC] stock has seen the most recent analyst activity on March 18, 2024, when Scotiabank downgraded its rating to a Sector Perform and also revised its price target to $7 from $15. Previously, JP Morgan started tracking the stock with Neutral rating on December 11, 2023, and set its price target to $7. On November 15, 2023, National Bank Financial initiated with a Outperform rating. Canaccord Genuity started tracking the stock assigning a Speculative Buy rating. Deutsche Bank downgraded its rating to a Hold and reduced its price target to $7 on October 18, 2023. B. Riley Securities started tracking with a Buy rating for this stock on October 16, 2023, and assigned it a price target of $14. In a note dated October 05, 2023, Stifel initiated an Buy rating and provided a target price of $15 on this stock.
Lithium Americas Corp (NewCo) [LAC] stock has fluctuated between $3.81 and $12.38 over the past year. Currently, Wall Street analysts expect the stock to reach $29.54 within the next 12 months. Lithium Americas Corp (NewCo) [NYSE: LAC] shares were valued at $7.08 at the most recent close of the market. An investor can expect a potential return of 317.23% based on the average LAC price forecast.
Analyzing the LAC fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.02 and Total Capital is -0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 6.85 points at the first support level, and at 6.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.51, and for the 2nd resistance point, it is at 7.94.
Ratios To Look Out For
For context, Lithium Americas Corp (NewCo)’s Current Ratio is 3.37. Further, the Quick Ratio stands at 3.37, while the Cash Ratio is 7.96.
