With 3.46 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.3 million shares. The 52-week range on LAC shows that it touched its highest point at $5.20 and its lowest point at $2.02 during that stretch. It currently has a 1-year price target of $4.59. Beta for the stock currently stands at 0.64.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LAC was up-trending over the past week, with a rise of 3.78%, but this was up by 17.97% over a month. Three-month performance dropped to -1.31% while six-month performance fell -25.98%. The stock lost -32.74% in the past year, while it has gained 1.68% so far this year. A look at the trailing 12-month EPS for LAC yields -0.00 with Next year EPS estimates of -0.32. For the next quarter, that number is -0.04. This implies an EPS growth rate of 2.34% for this year and -56.53% for next year.
Float and Shares Shorts:
At present, 218.47 million LAC shares are outstanding with a float of 184.63 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LAC since 7 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.0727825 being high and -$0.15596 being low. For LAC, this leads to a yearly average estimate of -$0.12477. Based on analyst estimates, the high estimate for the next quarter is -$0.03 and the low estimate is -$0.07. The average estimate for the next quarter is thus -$0.04.
