Is Lithium Americas Corp (NewCo) (NYSE: LAC) Potentially Life-Changing Stock?

In the last trading session, 1.38 million Lithium Americas Corp (NewCo) (NYSE:LAC) shares changed hands as the company’s beta touched 0. With the company’s per share price at $7.26 changed hands at $0.05 or 0.69% during last session, the market valuation stood at $1.17B. LAC’s last price was a discount, traded about -70.52% off its 52-week high of $12.38. The share price had its 52-week low at $6.32, which suggests the last value was 12.95% up since then. When we look at Lithium Americas Corp (NewCo)’s average trading volume, we note the 10-day average is 1.7 million shares, with the 3-month average coming to 2.72 million.

Analysts gave the Lithium Americas Corp (NewCo) (LAC) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 1.29. If we narrow down to specifics, the data shows that 0 out of 7 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended LAC as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight. Lithium Americas Corp (NewCo)’s EPS for the current quarter is expected to be -$0.11.

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Lithium Americas Corp (NewCo) (NYSE:LAC) trade information

Instantly LAC was in green as seen at the end of in last trading. With action 1.11%, the performance over the past five days has been green. The jump to weekly highs of 7.86 on Monday, 11/20/23 added 0.69% to the stock’s daily price. The company’s shares are showing year-to-date downside of -28.33%, with the 5-day performance at 1.11% in the green. However, in the 30-day time frame, Lithium Americas Corp (NewCo) (NYSE:LAC) is 4.31% up. Looking at the short shares, we see there were 14.93 million shares sold at short interest cover period of 3.43 days.

The consensus price target for the stock as assigned by Wall Street analysts is $12.65, meaning bulls need an upside of 42.61% from its current market value. According to analyst projections, LAC’s forecast low is $7.00 with $16.50 as the target high. To hit the forecast high, the stock’s price needs a -127.27% plunge from its current level, while the stock would need to tank 3.58% for it to hit the projected low.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -9.72%.

LAC Dividends

Lithium Americas Corp (NewCo) is expected to release its next quarterly earnings report between October 25 and October 30.

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