Lithium Americas Corp. (NYSE:LAC) traded at $8.15 at last check on Monday, Sep 14, making an upward move of 16.26% on its previous day’s price.
Looking at the stock we see that its previous close was $7.01 and the beta (5Y monthly) reads 0 with the day’s price range being $7.14 – 8.22. The company has a 12-month trailing PE ratio of 17.49. In terms of its 52-week price range, LAC has a high of $9.15 and a low of $1.92. The company’s stock has gained about 11.04% over that past 30 days.
There have been no upward or downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the LAC stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Based on estimates by 5 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the Lithium Americas Corp. (LAC) stock as a Hold, while 3 rate it as a Buy. 1 analysts rate it as outperform while none of them rated it as underperform, whereas none suggests the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the LAC stock currently stands at 0, and the current price level is 8.86% off its SMA20 and 23.13% from its 50-day simple moving average. The RSI (14) is pointing at 61.17 while the volatility over the past week is 7.69% and jumps to 9.4% over the past one month. The beta value is 0, while the average true range (ATR) is currently pointing at 0.63. The average price target for the stock over the next 12 months is $10.36, with the estimates having a low of $3.68 and a high of $15. These price ends are -54.85% and +84.05% off the current price level respectively, although investors could be excited at the prospect of a +34.97% if the LAC share price touches on the median price of $11.
Let’s briefly compare Lithium (LAC) stock to its peers. We find that today’s price change of +16.26% and +125.76% over the past 12 months for LAC betters that of Air Products and Chemicals (APD), which has seen its stock price rise 1.22% in the latest trading session and is +36.78% over the last one year. Another of its peers Du Pont De.Nemours Inc (DD) has climbed 1.47% today, but is -19.19% down over the past year, while Dow Inc (DOW) is also up 16.26% yet its price remains in the green at 125.76% over the same period. Air has a P/E ratio of 35.24 compared to Lithium’s 17.49 and Du’s 0. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 1.27% and 1.18%, respectively, in early deals.
Coming back to Lithium Americas Corp. (NYSE:LAC), we note that the average 3-month trading volume was 1.11 Million, while that of the preceding 10-day period stands at 812.28 Million. Current shares outstanding are 90.64 Million.
According to data from Thomson Reuters, insiders hold 37.37% of the company’s shares while institutions hold 14.34%. The data shows that short shares as of August 30, 2020, stood at 4.41 Million at a short ratio of 3.01. This represents a 5.09% Short interest in Shares outstanding on August 30, 2020. Shares short rose in August from the previous month at 4.2 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +157.1% up in year-to-date price movement.