During the last session, Lithium Americas Corp. (NYSE:LAC)’s traded shares were 3,306,743, with the beta value of the company hitting 0. At the end of the trading day, the stock’s price was $14.75, reflecting an intraday loss of -7.06% or -$1.12. The 52-week high for the LAC share is $28.75, that puts it down -94.92% from that peak though still a striking +81.02% gain since the share price plummeted to a 52-week low of $2.8. The company’s market capitalization is $1.77 Billion, and the average intraday trading volume over the past 10 days was 4.94 Million shares, and the average trade volume was 6.66 Million shares over the past three months.
Lithium Americas Corp. (LAC) received a consensus recommendation of Overweight from analysts. That translates to a mean rating of 0. LAC has a Sell rating from none of the analyst(s) out of 9 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 5 recommend a Buy rating for it. None of the analyst(s) has rated the stock Underweight.
Lithium Americas Corp. (NYSE:LAC): Trading Information
Lithium Americas Corp. (LAC) registered a -7.06% downside in the last session and has traded in the green over the past 5 sessions. The stock spiked 15.81% in intraday trading to $17.52 this Thursday, Apr 01, hitting a weekly high. The stock’s 5-day price performance is 2.86%, and it has moved by -1.07% in 30 days. Based on these gigs, the overall price performance for the year is 17.53%. The short interest in Lithium Americas Corp. (NYSE:LAC) is 5.11 Million shares and it means that shorts have 0.77 day(s) to cover.
The consensus price target of analysts on Wall Street is $21.19, which implies an increase of 43.66% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $15.9 and $25.5 respectively. As a result, LAC is trading at a discount of 72.88% off the target high and 7.8% off the low.
Lithium Americas Corp. (LAC) projections and forecasts
An analysis of the company’s performance over the past 5 years shows that the company’s earnings fell an estimated 0%. While earnings are projected to return 0% in 2021, the next five years will return 0% per annum.
Lithium Americas Corp. (NYSE:LAC)’s Biggest Investors
Lithium Americas Corp. insiders own 17.49% of total outstanding shares while institutional holders control 22.56%, with the float percentage being 27.34%. Invesco Ltd. is the largest shareholder of the company, while 137 institutions own stock in it. As of Dec 30, 2020, the company held over 3.77 Million shares (or 3.16% of all shares), a total value of $47.3 Million in shares.
The next largest institutional holding, with 1.26 Million shares, is of Van Eck Associates Corporation’s that is approximately 1.05% of outstanding shares. At the market price on Dec 30, 2020, these shares were valued at $15.76 Million.
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.
Also, the Mutual Funds coming in first place with the largest holdings of Lithium Americas Corp. (LAC) shares are Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF and VanEck Vectors ETF Tr-Rare Earth/Strategic Metals ETF. Data provided on Feb 27, 2021 indicates that Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF owns about 4,508,928 shares. This amounts to just over 3.78 percent of the company’s overall shares, with a $84.32 Million market value. The same data shows that the other fund manager holds slightly less at 2.05 Million, or about 1.72% of the stock, which is worth about $38.38 Million.