Market Analysts see Lithium Americas Corp. [LAC] gaining to $38. Time to buy?

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Lithium Americas Corp. [NYSE: LAC] A -0.03% loss in the last trading session, to $27.18 per share at that time. Company report on September 20 2022 Americas Lithium enters a strategic cooperation agreement with Green Technology Metals.


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Lithium Americas Corp. is pleased. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) announces that it has entered into a strategic cooperation agreement (“Cooperation Agreement”) with Green Technology Metals Ltd. (ASX: GT1) (“GT1”) to advance a common goal of developing an integrated supply chain for lithium chemicals in North America.

Lithium Americas Corp. accounts for 134.52 million shares traded, while the company’s total market capitalization is $5.18 billion with the latest information. LAC stock price is found in the range from $27.11 to $29.16.

If compared to the average trading volume of 2.34 million shares, LAC reached a trading volume of 2428021 on the last trading day, which is why market watchers consider the stock to be active.

Here’s what top stock market experts have to say about Lithium Americas Corp. [LAC]:

Based on careful, fact-backed analyzes by Wall Street experts, the current consensus on a target price for LAC shares is $37.83 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus on LAC stock is a set recommendation at 2.00. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.

Piper Sandler made an estimate for shares of Lithium Americas Corp., while maintaining their opinion of the stock as Overweight, with their previous recommendation back on September 20, 2022. While these analysts maintained the previous recommendation, Stifel raised their buy target. The new note about price target was released on February 25, 2022, which is the official target price for Lithium Americas Corp. stock. Previously, the target price had risen again to $36, while HSBC Securities analysts maintained a buy rating on LAC stock. On January 12, 2022, analysts raised their target price for Latin American and Caribbean stocks from 30 to 40.

The Average True Range (ATR) for Lithium Americas Corp is set at 1.75. The price-to-book ratio for the fourth quarter was 3.41, with the price-to-cash-to-cash ratio for the same quarter set at 3.06.

LAC stock trading performance analysis

Lithium Americas Corp. [LAC] It fell into the red at the end of last week, fell in a negative direction and fell by -10.47. With this latest performance, LAC shares are down -10.00% over the past four-week period, and are also down -15.69% over the past six months — not to mention a 23.27% rise in the last year of trading.

Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for LAC stock for the past two weeks was set at 42.12, with the RSI for the last one trading at 35.27, and the three-week RSI was set at 46.29 for Lithium Americas Corp. [LAC]. The current moving average of the last 50 trading days for this stock is 27.57 while it recorded at 28.54 for the last trading week, and 27.21 for the last 200 days.

Lithium Americas Corp. [LAC]A deeper look at fundamental analysis

The return on equity for this stock fell to -10.52, with the return on assets remaining at -6.68.

Lithium Americas Corp’s liquidity data is also interesting, with the quick ratio at 44.10 and the current ratio set at 44.10.

Insider Ownership Analysis of Lithium Americas Corp. [LAC]

There are currently approximately $847 million, or 25.53% of LAC’s stock, in the hands of institutional investors. The three largest institutional owners of LAC shares are: FIFTHDELTA LTD with ownership of 6,345,353, which represents about 152.308% of the company’s market capitalization and about 16.82% of the total institutional ownership; HIMENSION CAPITAL (Singapore) PTE. LTD. , which owns 3,323,489 shares with an approximate value of $90.33 million in LAC stock; and VANGUARD GROUP INC, which currently holds $84.46 million in LAC stock with ownership of approximately 1.981% of the company’s market capitalization.

Positions in shares of Lithium Americas Corp. increased. held by institutional investors at the end of July and at the time of the July report, as 117 institutional owners consolidated their positions in Lithium Americas Corp. [NYSE:LAC] About 8,878,313 shares. In addition, 142 investors decreased their positions by 10962,386 shares, while 51 investors occupied positions by 11,314,583 shares. The said changes put institutional holdings at 3,115,282 shares, according to the latest report from the Securities and Exchange Commission. LAC’s stock included 44 new institutional investments totaling 1,717,110 shares, while 79 institutional investors sold positions worth 3,500,445 shares during the same period.

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