Lithium Americas Corp. (NYSE:LAC) finished Thursday with a subtraction of -$0.11 to close at $18.63, a downside of -0.59 percent. An average of 1,551,380 shares of common stock have been traded in the last five days. There was a fall of -$0.45 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 1,587,940 shares traded, while the 50-day average volume stands at 1,549,102.
LAC stock has decreased by -9.91% in the last month. The company shares reached their 1-month lowest point of $18.36 on 08/08/23. With the stock rallying to its 52-week high on 02/09/23, shares of the company touched a low of $17.58 and a high of $33.10 in 52 weeks. It has reached a new high 14 times so far this year and lost -1.69% or -$0.32 in price. In spite of this, the price is down -43.72% from the 52-week high.
Valuation Metrics
Lithium Americas Corp. (LAC) stock’s beta is 1.46. Other valuation ratios to consider include the price-to-book (PB) ratio at 2.52.
Financial Health
The quick ratio of Lithium Americas Corp. for the three months ended March 30 was 10.00, and the current ratio was 10.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.20 and a total debt to equity ratio of 0.20 for the quarter ending March 30. Its gross profit as reported stood at $21.32 million compared to revenue of $163.35 million.
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 -4.90%.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$93.57 million in the quarter, while revenues were grew 100.0%. The analyst consensus anticipated Lithium Americas Corp.’s latest quarter earnings to come in at -$0.15 per share, but it turned out to be -$0.04, a 73.30% surprise. For the quarter, EBITDA amounted to -$16.55 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 10 August was 34.66%, suggesting the stock is Neutral, with historical volatility in this time frame at 33.37%.
As of today, LAC’s price is $18.82 -2.36% or -$0.45 from its 5-day moving average. LAC is currently trading -10.99% lower than its 20-day SMA and -7.50% lower than its 100-day SMA. However, the stock’s current price level is -12.08% below the SMA50 and -29.16% below the SMA200.
The stochastic %K and %D were 13.90% and 12.06%, respectively, and the average true range (ATR) was 0.62. With the 14-day stochastic at 14.29% and the average true range at 0.64, the RSI (14) stands at 37.61%. The stock has reached -0.43 on the 9-day MACD Oscillator while the 14-day reading was at -0.53.
Analyst Ratings
Evercore ISI launched coverage on Lithium Americas Corp. (NYSE: LAC) in its analyst report released on November 16, 2022. The firm assigned the stock an Outperform rating. The consensus rating for Lithium Americas Corp. (LAC) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell LAC, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 13 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 $25.00 and $41.70, with a median target of $36.00. Taking a look at these predictions, the average price target given by analysts for Lithium Americas Corp. (LAC) stock is $35.56.
