Analyzing Lithium Americas Corp. (LAC) By Technical Indicators

At last check on Thursday, Lithium Americas Corp.’s (NYSE:LAC) stock was up $0.57, moving up 1.93 percent to $30.10. The average number of shares traded per day over the past five days has been 2,380,470 shares. 1 time new highs have been achieved over the past 5 days, with a $0.83 gain in that time frame. In the last twenty days, the average volume was 2,440,453, while in the previous 50 days, it was 2,309,851.

Since last month, LAC stock rose 33.80%. Shares of the company fell to $21.22 on 07/19/22, the lowest level in the past month. A 52-week high of $41.56 was reached on 04/04/22 after having rallying from a 52-week low of $15.22. Since the beginning of this year, LAC’s stock price has risen by 1.41% or $1.04, and marked a new high 7 times. However, the stock has declined by -27.57% since its 52-week high.

Financial Health

In the three months ended June 29, Lithium Americas Corp.’s quick ratio stood at 44.10, while its current ratio was 44.10, 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 June 29 was 0.26, and the total debt-to-equity ratio was 0.26.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Lithium Americas Corp. to report -$0.14 quarterly earnings, the actual figure was -$0.12 per share, beating the consensus estimate by 14.30%. During the quarter, the company generated -$89.76 million in EBITDA. The liabilities of Lithium Americas Corp. were 231.48 million at the end of its most recent quarter ended June 29, and its total debt was $216.03 million.

Technical Picture

This quick technical analysis looks at Lithium Americas Corp.’s (LAC) price momentum. With a historical volatility rate of 45.22%, the RSI 9-day stood at 69.58% on 17 August.

With respect to its five-day moving average, the current Lithium Americas Corp. price is up by +2.83% percent or $0.83. At present, LAC shares trade +26.94% above its 20-day simple moving average and -12.50% percent below its 100-day simple moving average. However, the stock is currently trading approximately +18.65% above its SMA50 and +3.08% above its SMA200.

Stochastic coefficient K was 76.49% and Stochastic coefficient D was 81.13%, while ATR was 1.46. Given the Stochastic reading of 78.83% for the 14-day period, the RSI (14) reading has been calculated as 68.56%. As of today, the MACD Oscillator reading stands at 0.28, while the 14-day reading stands at 1.60.

Analyst Ratings

Lithium Americas Corp. (LAC) has been rated Buy by analysts. According to 0 brokerage firms, LAC is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Lithium Americas Corp. stock as buy, with 11 recommending it as overweight.

With a median target price of $38.50, the current consensus forecast for the stock is $23.41 – $44.00. Based on these forecasts, analysts predict Lithium Americas Corp. (LAC) will achieve an average price target of $36.45.

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