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Friday, September 29, 2023

The Street Is Finally Waking Up To Lithium Americas Corp. (NYSE: LAC)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Lithium Americas Corp. (LAC) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.1592, or 0.84%, to $19.0692. The Lithium Americas Corp. has recorded 44,364 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Lithium Americas Publishes 2022-23 ESG-Safety Reports for North America and Argentina.

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Stocks Info

Lithium Americas Corp. is listed on the NYSE as a member of the Basic Materials sector and is a part of the Other Industrial Metals & Mining industry. The current market capitalization of Lithium Americas Corp. is $3.07B. A total of 2.88 million shares were traded on the day, compared to an average of 1.51M shares.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for LAC in the last 3 months, the mean price target is $35.56 with high estimates of $41.70 and low estimates of $25.00. In terms of 52-week highs and lows, LAC has a high of $32.17 and a low of $16.07.

As of this writing, LAC has an earnings estimate of -$0.01 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.09 per share and a lower estimate of -$0.07. The company reported an EPS of -$0.04 in the last quarter, which was 73.30% higher than expectations of -$0.15.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. LAC’s latest balance sheet shows that the firm has $510.61M in Cash & Short Term Investments as of fiscal 2021. There were $264.98M in debt and $8.26M in liabilities at the time. Its Book Value Per Share was $7.89, while its Total Shareholder’s Equity was $536.32M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for LAC is Buy with a score of 4.64.

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