Lithium Americas Corp (NewCo) [NYSE: LAC] jumped around 0.28 points on Wednesday, while shares priced at $2.80 at the close of the session, up 11.11%.
Compared to the average trading volume of 4.40M shares, LAC reached a trading volume of 5534492 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about Lithium Americas Corp [NewCo] [LAC]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LAC shares is $5.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LAC stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Piper Sandler have made an estimate for Lithium Americas Corp (NewCo) shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 29, 2024. While these analysts kept the previous recommendation, Scotiabank raised their target price from $15 to $7. The new note on the price target was released on March 18, 2024, representing the official price target for Lithium Americas Corp (NewCo) stock. Previously, the target price had yet another raise to $7, while JP Morgan analysts kept a Neutral rating on LAC stock.
The Average True Range (ATR) for Lithium Americas Corp (NewCo) is set at 0.19 The Price to Book ratio for the last quarter was 0.92, with the Price to Cash per share for the same quarter was set at 1.73.
How has LAC stock performed recently?
Lithium Americas Corp (NewCo) [LAC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 26.70. With this latest performance, LAC shares dropped by -1.06% in over the last four-week period, additionally sinking by -35.33% over the last 6 months.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LAC stock in for the last two-week period is set at 57.66, with the RSI for the last a single of trading hit 64.44, and the three-weeks RSI is set at 52.63 for Lithium Americas Corp (NewCo) [LAC]. The present Moving Average for the last 50 days of trading for this stock 2.66, while it was recorded at 2.58 for the last single week of trading, and 4.78 for the last 200 days.
Lithium Americas Corp [NewCo] [LAC]: Deeper insight into the fundamentals
Lithium Americas Corp (NewCo)’s liquidity data is similarly interesting compelling, with a Quick Ratio of 20.14 and a Current Ratio set at 20.14.
