The Insider Activity Of Lithium Americas Corp. (LAC) Should Not Be Ignored

As of Thursday close, Lithium Americas Corp.’s (NYSE:LAC) stock was down -$0.66, moving down -2.76 percent to $23.22. The average number of shares traded per day over the past five days has been 2,050,657 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.20 fall in that time frame. In the last twenty days, the average volume was 2,915,589, while in the previous 50 days, it was 2,852,632.

Since last month, LAC stock retreated -7.97%. Shares of the company fell to $21.79 on 03/02/23, the lowest level in the past month. A 52-week high of $40.39 was reached on 02/09/23 after having rallying from a 52-week low of $17.58. Since the beginning of this year, LAC’s stock price has risen by 22.53% or $4.27, and marked a new high 14 times. However, the stock has declined by -42.51% since its 52-week high.

Financial Health

In the three months ended September 29, Lithium Americas Corp.’s quick ratio stood at 52.10, while its current ratio was 52.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.31, and the total debt-to-equity ratio was 0.31.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. While analysts expected Lithium Americas Corp. to report -$0.16 quarterly earnings, the actual figure was -$0.3 per share, beating the consensus estimate by -87.50%. During the quarter, the company generated -$24.57 million in EBITDA. The liabilities of Lithium Americas Corp. were 251.26 million at the end of its most recent quarter ended September 29, and its total debt was $245.26 million.

Technical Picture

This quick technical analysis looks at Lithium Americas Corp.’s (LAC) price momentum. With a historical volatility rate of 53.55%, the RSI 9-day stood at 46.20% on 02 March.

With respect to its five-day moving average, the current Lithium Americas Corp. price is down by -0.85% percent or -$0.20. At present, LAC shares trade -5.99% below its 20-day simple moving average and -14.48% percent below its 100-day simple moving average. However, the stock is currently trading approximately +1.62% above its SMA50 and +1.71% above its SMA200.

Stochastic coefficient K was 31.86% and Stochastic coefficient D was 28.33%, while ATR was 1.19. Given the Stochastic reading of 34.88% for the 14-day period, the RSI (14) reading has been calculated as 48.85%. As of today, the MACD Oscillator reading stands at 0.28, while the 14-day reading stands at -0.25.

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