Lithium Americas Corp (NewCo) (NYSE:LAC) shares, rose in value on Wednesday, March 26, with the stock price down by -3.06% to the previous day’s close as strong demand from buyers drove the stock to $2.85.
Actively observing the price movement in the last trading, the stock closed the session at $2.94, falling within a range of $2.82 and $2.96. Referring to stock’s 52-week performance, its high was $7.71, and the low was $2.02. On the whole, LAC has fluctuated by 3.26% over the past month.
With the market capitalization of Lithium Americas Corp (NewCo) currently standing at about $622.38 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-06.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that LAC’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 75% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of LAC currently trading nearly -1.13% and -4.85% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.54, while the 7-day volatility ratio is showing 4.27% which for the 30-day chart, stands at 6.06%. Furthermore, Lithium Americas Corp (NewCo) (LAC)’s beta value is 0.74, and its average true range (ATR) is 0.16.
A comparison of Lithium Americas Corp (NewCo) (LAC) with its peers suggests the former has fared considerably weaker in the market. LAC showed an intraday change of -3.06% in last session, and over the past year, it shrunk by -58.87%%.
Data on historical trading for Lithium Americas Corp (NewCo) (NYSE:LAC) indicates that the trading volumes over the past 10 days have averaged 3.61 and over the past 3 months, they’ve averaged 4.68 million. According to company’s latest data on outstanding shares, there are 218.29 million shares outstanding.
Nearly 15.49% of Lithium Americas Corp (NewCo)’s shares belong to company insiders and institutional investors own 15.65% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 33.97 million shares as on 2025-03-14, resulting in a short ratio of 7.06. According to the data, the short interest in Lithium Americas Corp (NewCo) (LAC) stood at 1567.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 29.24 million. The stock has fallen by -4.04% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LAC stock heading into the next quarter.
