Lithium Americas Corp (NewCo) (NYSE:LAC) shares, rose in value, with the stock price down by -2.23% to the previous day’s close as strong demand from buyers drove the stock to $2.59.
Actively observing the price movement in the recent trading, the stock is buoying the session at $2.65. Referring to stock’s 52-week performance, its high was $5.20, and the low was $2.02. On the whole, LAC has fluctuated by -7.80% over the past month.
With the market capitalization of Lithium Americas Corp (NewCo) currently standing at about $567.17 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-May-15.
The stock’s technical analysis shows that the price of LAC currently trading nearly -4.26% and -7.61% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 38.47, while the 7-day volatility ratio is showing 1.40% which for the 30-day chart, stands at 2.04%. Furthermore, Lithium Americas Corp (NewCo) (LAC)’s beta value is 0.50, and its average true range (ATR) is 0.12.
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 -2.23% in today’s session so far, and over the past year, it shrunk by -7.47%%.
Data on historical trading for Lithium Americas Corp (NewCo) (NYSE:LAC) indicates that the trading volumes over the past 3 months, they’ve averaged 4.23 million. According to company’s latest data on outstanding shares, there are 218.69 million shares outstanding.
Nearly 15.72% of Lithium Americas Corp (NewCo)’s shares belong to company insiders and institutional investors own 15.82% of the company’s shares. The stock has fallen by -12.76% 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.
