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Lithium Americas Corp. (LAC) Insider Trading: What Insights Can Be Gained?

At the last check on Thursday, Lithium Americas Corp.’s (NYSE:LAC) stock was down -$0.2, moving down -0.84 percent to $23.63. The average number of shares…

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This article was originally published by Fosters Leader

At the last check on Thursday, Lithium Americas Corp.’s (NYSE:LAC) stock was down -$0.2, moving down -0.84 percent to $23.63. The average number of shares traded per day over the past five days has been 1,624,290 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.51 fall in that time frame. In the last twenty days, the average volume was 1,895,517, while in the previous 50 days, it was 2,088,211.

Since last month, LAC stock retreated -9.87%. Shares of the company fell to $22.95 on 12/06/22, the lowest level in the past month. A 52-week high of $40.39 was reached on 04/04/22 after having rallying from a 52-week low of $18.89. Since the beginning of this year, LAC’s stock price has dropped by -18.17% or -$5.43, and marked a new high 7 times. However, the stock has declined by -41.50% 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 53.64%, the RSI 9-day stood at 40.87% on 07 December.

With respect to its five-day moving average, the current Lithium Americas Corp. price is down by -5.99% percent or -$1.51. At present, LAC shares trade -8.36% below its 20-day simple moving average and +7.34% percent above its 100-day simple moving average. However, the stock is currently trading approximately -14.75% below its SMA50 and -7.61% below its SMA200.

Stochastic coefficient K was 18.02% and Stochastic coefficient D was 19.39%, while ATR was 1.21. Given the Stochastic reading of 21.20% for the 14-day period, the RSI (14) reading has been calculated as 43.00%. As of today, the MACD Oscillator reading stands at -0.54, while the 14-day reading stands at -1.02.

Analyst Ratings

Evercore ISI launched its rating on Lithium Americas Corp. (NYSE: LAC) to an Outperform in a note to investors on November 16, 2022. Lithium Americas Corp. (LAC) has been rated Buy by analysts. According to 0 brokerage firms , LAC is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Lithium Americas Corp. stock as buy, with 13 recommending it as overweight.

With a median target price of $38.00, the current consensus forecast for the stock is $29.35 – $42.50. Based on these forecasts, analysts predict Lithium Americas Corp. (LAC) will achieve an average price target of $37.31.

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