A share price of Lithium Americas Corp (NewCo) [LAC] is currently trading at $3.14, down -3.09%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The LAC shares have gain 8.28% over the last week, with a monthly amount glided 30.83%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Lithium Americas Corp (NewCo) [NYSE: LAC] stock has seen the most recent analyst activity on October 17, 2024, when National Bank Financial upgraded its rating to a Outperform. Previously, Piper Sandler started tracking the stock with Neutral rating on July 29, 2024, and set its price target to $3.90. On March 18, 2024, downgrade downgraded it’s rating to Sector Perform and revised its price target to $7 on the stock. JP Morgan started tracking the stock assigning a Neutral rating and suggested a price target of $7 on December 11, 2023. National Bank Financial initiated its recommendation with a Outperform. In a note dated October 18, 2023, Deutsche Bank downgraded an Hold rating on this stock and revised its target price from $25 to $7.
Lithium Americas Corp (NewCo) experienced fluctuations in its stock price throughout the past year between $2.02 and $8.97. Currently, Wall Street analysts expect the stock to reach $18.02 within the next 12 months. Lithium Americas Corp (NewCo) [NYSE: LAC] shares were valued at $3.14 at the most recent close of the market. An investor can expect a potential return of 473.89% based on the average LAC price forecast.
Analyzing the LAC fundamentals
Gross Profit Margin for this corporation currently stands at -1.35% with Operating Profit Margin at -377.28%, Pretax Profit Margin comes in at -363.49%, and Net Profit Margin reading is -363.51%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.04 and Total Capital is -0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
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 3.02 points at the first support level, and at 2.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.30, and for the 2nd resistance point, it is at 3.45.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Lithium Americas Corp (NewCo) [NYSE:LAC] is 20.14. Also, the Quick Ratio is 20.14, while the Cash Ratio stands at 19.69.
