Lithium Americas Corp. (LAC): Technical Analysis Suggests You Should Hold

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The stock of Lithium Americas Corp. (NYSE:LAC) increased by $0.22 on Wednesday to $25.97, up 0.85 percent. The last five days have seen an average of 1,349,297 shares of common stock traded. 7 times new highs were reached in the current year, with a fall of -$2.90. The average number of shares traded over the last 20 days was 1,900,059, while the average volume over the last 50 days totaled 2,157,576.

LAC stock appreciated 1.02% since last month. On 11/03/22, the company’s shares reached a one-month low of $23.49. The stock touched a high of $41.56 on 04/04/22, after rallying from a low of $18.89 in 52 weeks. The price of LAC stock has declined by -11.57% or -$2.90 this year, reaching a new high 7 times. Still, the stock price is down -37.51% from the 52-week high.


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Financial Health

For the three months ended September 29, Lithium Americas Corp.’s quick ratio was 52.10, while its current ratio was 52.10, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending September 29 is 0.31, and the total debt to equity ratio is 0.31.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. LAC’s return on assets (ROA) during the last 12 months has been -9.50%. In the meantime, the return on equity (ROE) for the last 12 months was -13.00%.

Earnings Surprise

According to Lithium Americas Corp.’s quarterly financial report for the quarter that ended September 29. A lower net income was reported in the quarter under review than the previous quarter. It was predicted that Lithium Americas Corp.’s quarterly earnings would be -$0.3, but it ended up being -$0.16, beating the consensus by -87.50%. EBITDA was -$24.57 million for the quarter. At the end of Lithium Americas Corp.’s most recent quarter ended September 29, its liabilities totaled 251.26 million, while its total debt was $245.26 million.

Technical Picture

Here’s a quick look at Lithium Americas Corp.’s (LAC) price momentum from a technical perspective. As of 22 November, the RSI 9-day stood at 52.44%, suggesting the stock is Neutral, with a 33.39% historical volatility rate.

The stochastic %K and %D were 35.39% and 32.31% respectively, while the average true range (ATR) was 1.23. Based on the 14-day stochastic reading of 34.40%, the RSI (14) reading is 51.42%. On the 9-day MACD Oscillator, the stock is at -0.35, and the 14-day reading is at -0.59.

Analyst Ratings

In its analyst report released on November 16, 2022, Evercore ISI began covering Lithium Americas Corp. (NYSE: LAC). The stock was rated as an Outperform by the brokerage firm. Analysts have assigned Lithium Americas Corp. (LAC) an Buy rating. LAC is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 12 others recommend it as a buy.

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

The current consensus forecast for the stock is between $29.35 and $40.00, with a median target price of $37.50. In analyzing these forecasts, the average price target given by analysts for Lithium Americas Corp. (LAC) is $36.88.

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