In today’s recent session, 2,516,519 shares of the Lithium Americas Corp.(NYSE:LAC) have been traded, and its beta is 0. Most recently the company’s share price was $20.41, and it changed around -$0.62 or -0.03% from the last close, which brings the market valuation of the company to $2.43 Billion. LAC at last check was trading at a discount to its 52-week high of $28.75, offering almost -40.86% off that amount. The share price’s 52-week low was $1.92, which indicates that the recent value has risen by an impressive 90.59% since then. We note from Lithium Americas Corp.’s average daily trading volume that its 10-day average is 6.2 Million shares, with the 3-month average coming to 7.26 Million.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.

Lithium Americas Corp. stock received a consensus recommendation rating of Overweight, based on a mean score of 0. If we narrow it down even further, the data shows that none out of 6 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 2 recommended LAC as a Hold, whereas 3 deemed it a Buy, and no one rated it as Underweight.

Lithium Americas Corp. (NYSE:LAC): Trading Information Today

Although LAC has been showing red trend so far today with a performance of -2.95% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $23.87 on Tuesday, Feb 16 increased the stock’s daily price by 15.32%. The company’s shares are currently up 0.61% year-to-date, but still down -0.0994 over the last five days. On the other hand, Lithium Americas Corp. (NYSE:LAC) is -0.13% down in the 30-day period. We can see from the shorts that 5.17 Million shares have been sold at a short interest cover period of 0.71 day(s).

The consensus price target as assigned by Wall Street analysts is $21.98, which translates to bears needing to increase their stock price by 7.69% from its current value. Analyst projections state that LAC is forecast to be at a low of $15.84 and a high of $25.5. In order for the stock price to hit the forecast high, the stock would need to surge +24.94% from its current level, while the stock would need to crash -22.39% from its current level to reach the projected low.

Lithium Americas Corp. (LAC) projections and forecasts

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of 0%. Lithium Americas Corp. earnings are expected to decrease by 0% in 2021, but the outlook is negative 0% per year for the next five years.

Lithium Americas Corp. (NYSE:LAC)’s Biggest Investors

Upon looking at major shareholders, it appears that insiders hold 30.25% of Lithium Americas Corp. shares, and 16.89% of them are in the hands of institutional investors. The stock currently has a share float of 24.22%. Lithium Americas Corp. stock is held by 102 institutions, with Invesco Ltd. being the largest institutional investor. By Sep 29, 2020, it held 2.09% of the shares, which is about 2.49 Million shares worth $28.34 Million.

Van Eck Associates Corporation, with 1.05% or 1.26 Million shares worth $15.76 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.

A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.


Get the hottest stocks to trade every day before the market opens 100% free. Click here now.

Get The Best Stocks To Trade Every Day!

Join now to get the pre-market morning brief 100% free


Please enter your comment!
Please enter your name here