The Insider Activity Of Lithium Americas Corp. (LAC) Is Worth Monitoring

Lithium Americas Corp. (NYSE:LAC) finished Wednesday with an addition of $1.39 to close at $25.63, an upside of 5.73 percent. An average of 5,335,500 shares of common stock have been traded in the last five days. There was a gain of $5.44 in the past week. The last 20 days have seen an average of 4,750,520 shares traded, while the 50-day average volume stands at 5,514,162.

LAC stock has increased by 9.81% in the last month. The company shares reached their 1-month lowest point of $19.55 on 10/06/21. With the stock rallying to its 52-week high on 01/19/21, shares of the company touched a low of $8.95 and a high of $28.75 in 52 weeks. In spite of this, the price is down -10.85% from the 52-week high.


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Valuation Metrics

Lithium Americas Corp. (LAC) has a trailing price-to-earnings (P/E) ratio of 20.90 for the broader industry and 13.61 for the sector. In the last five years, Lithium Americas Corp.’s PE ratio has ranged between 23.58 and 3.821. The stock’s beta is 1.44. Other valuation ratios to consider include the price-to-book (PB) ratio at 4.50, and the price-to-cash flow ratio at 185.98.

Further, the company has a long term debt to equity ratio of 0.29 and a total debt to equity ratio of 0.29 for the quarter ending June 29.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Lithium Americas Corp.’s return on assets was -9.20%. For the broader industry, ROE averaged -13.62 over the past year.

Earnings Surprise

The analyst consensus anticipated Lithium Americas Corp.’s latest quarter earnings to come in at -$0.08 per share, but it turned out to be -$0.12, a -50.00% surprise. For the quarter, EBITDA amounted to -$12.89 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Lithium Americas Corp. (LAC) price momentum. RSI 9-day as of the close on 13 October was 70.68%, suggesting the stock is Overbought, with historical volatility in this time frame at 82.96%.

As of today, LAC’s price is $22.64 +26.94% or $5.44 from its 5-day moving average. LAC is currently trading +4.48% higher than its 20-day SMA and +91.99% higher than its 100-day SMA. However, the stock’s current price level is +85.86% above the SMA50 and +107.87% above the SMA200.

The stochastic %K and %D were 86.88% and 66.48%, respectively, and the average true range (ATR) was 1.64. With the 14-day stochastic at 99.84% and the average true range at 1.59, the RSI (14) stands at 65.75%. The stock has reached 1.87 on the 9-day MACD Oscillator while the 14-day reading was at 2.00.

Analyst Ratings

Piper Sandler launched coverage on Lithium Americas Corp. (NYSE: LAC) in its analyst report released on October 01, 2021. The firm assigned the stock a a Neutral rating.The consensus rating for Lithium Americas Corp. (LAC) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell LAC, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 9 others rate it as a “buy”.

What is LAC’s price target for the next 12 months?

Analysts predict a range of price targets between $17.53 and $32.00, with a median target of $25.00. Taking a look at these predictions, the average price target given by analysts for Lithium Americas Corp. (LAC) stock is $25.04.

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