Lithium Americas Corp. (NYSE:LAC) price is hovering higher on Monday, September 13, jumping 6.32% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $21.85, with intraday deals fluctuating between $21.535 and $23.43. The company’s 5Y monthly beta was ticking 1.48. Taking into account the 52-week price action we note that the stock hit a 52-week high of $28.75 and 52-week low of $6.71. The stock added 14.10% on its value in the past month.
Lithium Americas Corp., which has a market valuation of $3.08 billion, is expected to release its quarterly earnings report Nov 15, 2021 – Nov 19, 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give LAC a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 50% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 9 analysts have assigned LAC a recommendation rating as follows: 2 rate it as a Hold; 7 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Lithium Americas Corp. (LAC) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that LAC’s price is at present 20.79% off the SMA20 and 41.24% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 68.21, with weekly volatility standing at 8.54%. The indicator jumps to 8.45% when calculated based on the past 30 days. Lithium Americas Corp. (NYSE:LAC)’s beta value is holding at 1.48, while the average true range (ATR) indicator is currently reading 1.66. Considering analysts have assigned the stock a price target range of $15.89-$25.57 as the low and high respectively, we find the trailing 12-month average consensus price target to be $22.61. Based on this estimate, we see that today’s price at last check is roughly 31.6% off the estimated low and -10.07% off the forecast high. Investors will no doubt be excited to see the share price fall to $24.00, which is the median consensus price, and at that level LAC would be -3.31% from recent price.
Turning out attention to how the Lithium Americas Corp. stock has performed in comparison to its peers in the industry, here’s what we find: LAC’s stock is 6.32% on the day and 211.70% in the past 12 months. Elsewhere in the market, the S&P 500 Index has stumbled -0.17% in today’s early trading, with the Dow Jones Industrial also seeing a negative session so far with -0.57%.
An analysis of the Lithium Americas Corp. (NYSE:LAC) stock in terms of its daily trading volume indicates that the 3-month average is 4.09 million.
Current records show that the company has 119.86M in outstanding shares. The insiders’ percentage holdings are 16.75% of outstanding shares while the percentage share held by institutions stands at 21.50%. But the 74.10% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.