In last trading session, Lithium Americas Corp. (NYSE:LAC) saw 2,927,627 shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $10.11 trading at $0.86 or 9.3% at ring of the bell on the day assigns it a market valuation of $924.15 Million. That closing price of LAC’s stock is at a discount of -67.85% from its 52-week high price of $16.97 and is indicating a premium of 81.01% from its 52-week low price of $1.92. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.31 Million shares which gives us an average trading volume of 4.11 Million if we extend that period to 3-months.
For Lithium Americas Corp. (LAC), analysts’ consensus is at an average recommendation of Overweight while assigning it a mean rating of 0. Splitting up the data highlights that, out of 5 analysts covering the stock, none rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 2 see the stock as a Buy. None analyst(s) advised it as an Underweight.
Lithium Americas Corp. (NYSE:LAC) trade information
Upright in the green today for gaining 9.3%, in the last five days LAC remained trading in the green while hitting it’s week-highest on Friday, Oct 23 when the stock touched $11.20- price level, adding 9.73% to its value on the day. Lithium Americas Corp.’s shares saw a change of 218.93% in year-to-date performance and have moved -6.3% in past 5-day. Lithium Americas Corp. (NYSE:LAC) showed a performance of -4.71% in past 30-days. Number of shares sold short was 6.32 Million shares which calculate 1.54 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $12.55 to the stock, which implies a rise of 24.13% to its current value. Analysts have been projecting $7.6 as a low price target for the stock while placing it at a high target of $17. It follows that stock’s current price would jump +68.15% in reaching the projected high whereas dropping to the targeted low would mean a loss of -24.83% for stock’s current value.
Lithium Americas Corp. (LAC) estimates and forecasts
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 0% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 0% while estimates for its earnings growth in next 5 years are of 0%
Lithium Americas Corp. (NYSE:LAC)’s Major holders
Insiders are in possession of 37.37% of company’s total shares while institution are holding 14.34% percent of that, with stock having share float percentage of 22.9%. Investors also watch the number of corporate investors in a company very closely, which is 69 institutions for Lithium Americas Corp. that are currently holding shares of the company. Morgan Stanley is the top institutional holder at LAC for having 2.13 Million shares of worth $10.8 Million. And as of June 29, 2020, it was holding 2.34% of the company’s outstanding shares.
The second largest institutional holder is Scotia Capital Inc., which was holding about 669.89 Thousand shares on June 29, 2020. The number of shares represents firm’s hold over 0.74% of outstanding shares, having a total worth of $3.4 Million.
On the other hand, VanEck Vectors ETF Tr-Rare Earth/Strategic Metals ETF and Global X Fds-Global X Lithium & Battery Tech ETF are the top two Mutual Funds which own company’s shares. As of September 29, 2020, the former fund manager was holding 1078725 shares of worth $12.29 Million or 1.19% of the total outstanding shares. The later fund manager was in possession of 324.62 Thousand shares on September 29, 2020, making its stake of worth around $3.7 Million in the company or a holder of 0.36% of company’s stock.