Lithium Americas Corp. (NYSE: LAC) on May 22, 2023, started off the session at the price of $22.37, soaring 2.74% from the previous trading day. During the day, the shares moved up to $22.93 and dropped to $22.16 before settling in for the closing price of $22.27. Within the past 52 weeks, LAC’s price has moved between $17.58 and $33.10.
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The company achieved an average annual earnings per share of -115.30%. With a float of $112.87 million, this company’s outstanding shares have now reached $142.80 million.
In an organization with 57 employees, it is important to assess its efficiency.
Lithium Americas Corp. (LAC) Insider and Institutional Ownership
Observing investor behavior towards Other Industrial Metals & Mining industry stocks is more important than anything else. The insider ownership of Lithium Americas Corp. is 14.63%, while institutional ownership is 24.10%.
Lithium Americas Corp. (LAC) Latest Financial update
As on 3/30/2023, Multinational firm has announced its last quarter scores, in which it reported -$0.04 earnings per share (EPS) for the period topping the consensus outlook (set at -$0.15) by $0.11. This company achieved a return on equity of -14.00. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.1 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -115.30% per share during the next fiscal year.
Lithium Americas Corp. (NYSE: LAC) Trading Performance Indicators
Lithium Americas Corp. (LAC) is currently performing well based on its current performance indicators. A quick ratio of 10.00 was reported for the most recent quarter.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.40, a number that is poised to hit -0.12 in the next quarter and is forecasted to reach 1.64 in one year’s time.
Technical Analysis of Lithium Americas Corp. (LAC)
Let’s dig in a bit further. During the last 5-days, its volume was 1.81 million. That was inferior than the volume of 2.34 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 78.50%. Additionally, its Average True Range was 0.89.
During the past 100 days, Lithium Americas Corp.’s (LAC) raw stochastic average was set at 56.53%, which indicates a significant decrease from 90.68% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 37.96% in the past 14 days, which was lower than the 54.32% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $20.55, while its 200-day Moving Average is $23.88. However, in the short run, Lithium Americas Corp.’s stock first resistance to watch stands at $23.15. Second resistance stands at $23.43. The third major resistance level sits at $23.92. If the price goes on to break the first support level at $22.38, it is likely to go to the next support level at $21.89. The third support level lies at $21.61 if the price breaches the second support level.
Lithium Americas Corp. (NYSE: LAC) Key Stats
Market capitalization of the company is 3.76 billion based on 159,527K outstanding shares. Right now, sales total 0 K and income totals -93,570 K. The company made 0 K in profit during its latest quarter, and 10,118 K in sales during its previous quarter.
