At the time of writing, Lithium Americas Corp (NewCo) [LAC] stock is trading at $3.49, up 1.45%. 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 11.15% over the last week, with a monthly amount glided 7.72%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Lithium Americas Corp (NewCo) [NYSE: LAC] stock has seen the most recent analyst activity on December 19, 2024, when Wedbush initiated its Neutral rating and assigned the stock a price target of $5. Previously, National Bank Financial upgraded its rating to Outperform on October 17, 2024. On July 29, 2024, Piper Sandler initiated with a Neutral rating and assigned a price target of $3.90 on the stock. Scotiabank downgraded its rating to a Sector Perform and decreased its price target to $7 on March 18, 2024. JP Morgan initiated its recommendation with a Neutral and recommended $7 as its price target on December 11, 2023. In a note dated October 31, 2023, Canaccord Genuity initiated an Speculative Buy rating.
For the past year, the stock price of Lithium Americas Corp (NewCo) fluctuated between $2.02 and $7.71. Currently, Wall Street analysts expect the stock to reach $4.88 within the next 12 months. Lithium Americas Corp (NewCo) [NYSE: LAC] shares were valued at $3.49 at the most recent close of the market. An investor can expect a potential return of 39.83% based on the average LAC price forecast.
Analyzing the LAC fundamentals
Gross Profit Margin for this corporation currently stands at -2.81% with Operating Profit Margin at -384.6%, Pretax Profit Margin comes in at -510.91%, and Net Profit Margin reading is -510.93%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.05 and Total Capital is -0.03. 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 3.43 points at the first support level, and at 3.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.55, and for the 2nd resistance point, it is at 3.60.
Ratios To Look Out For
It is important to note that Lithium Americas Corp (NewCo) [NYSE:LAC] has a current ratio of 13.88. Further, the Quick Ratio stands at 13.88, while the Cash Ratio is 13.56.
