Take A Look At Insider Trading For Lithium Americas Corp. (LAC)

The stock of Lithium Americas Corp. (NYSE:LAC) increased by $0.14 on Monday to finish at $19.12, up 0.74 percent. The last five days have seen an average of 2,365,280 shares of common stock traded. 14 times new highs were reached in the current year, with a gain of $0.17. The average number of shares traded over the last 20 days was 1,978,010, while the average volume over the last 50 days totaled 2,732,616.

LAC stock dropped -11.89% since last month. On 04/06/23, the company’s shares reached a one-month low of $18.43. The stock touched a high of $34.87 on 02/09/23, after rallying from a low of $17.58 in 52 weeks. The price of LAC stock has risen by 0.90% or $0.17 this year, reaching a new high 14 times. Still, the stock price is down -45.17% from the 52-week high.

Financial Health

For the three months ended September 29, Lithium Americas Corp.’s quick ratio was 18.10, while its current ratio was 18.10, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending September 29 is 0.26, and the total debt to equity ratio is 0.26. Based on annual data, it had gross profit of $21.32 million and revenue of $163.35 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. LAC’s return on assets (ROA) during the last 12 months has been -8.90%. In the meantime, the return on equity (ROE) for the last 12 months was -11.70%.

Earnings Surprise

According to Lithium Americas Corp.’s quarterly financial report for the quarter that ended September 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Lithium Americas Corp.’s quarterly earnings would be -$0.3, but it ended up being -$0.16, beating the consensus by -87.50%. EBITDA was -$31.73 million for the quarter. At the end of Lithium Americas Corp.’s most recent quarter ended September 29, its liabilities totaled 232.55 million, while its total debt was $245.26 million.

Technical Picture

Here’s a quick look at Lithium Americas Corp.’s (LAC) price momentum from a technical perspective. As of 10 April, the RSI 9-day stood at 28.41%, suggesting the stock is oversold, with a 46.36% historical volatility rate.

The stochastic %K and %D were 16.08% and 17.33% respectively, while the average true range (ATR) was 0.95. Based on the 14-day stochastic reading of 18.60%, the RSI (14) reading is 33.89%. On the 9-day MACD Oscillator, the stock is at -1.47, and the 14-day reading is at -1.48.

Analyst Ratings

In its analyst report released on November 16, 2022, Evercore ISI began covering Lithium Americas Corp. (NYSE: LAC). The stock was rated as an Outperform by the brokerage firm.

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