In recent trading session, Lithium Americas Corp (NewCo) (NYSE:LAC) saw 1.17 million shares changing hands at last check today with its beta currently measuring 0. Company’s recent per share price level of $2.72 trading at $0.02 or 0.74% at last check today assigns it a market valuation of $590.70M. That most recent trading price of LAC’s stock is at a discount of -355.15% from its 52-week high price of $12.38 and is indicating a premium of 7.72% from its 52-week low price of $2.51. Taking a look at company’s average trading volume volume of 5.22 million if we extend that period to 3-months.
For Lithium Americas Corp (NewCo) (LAC), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.92. Splitting up the data highlights that, out of 7 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 5 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.08 in the current quarter.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Lithium Americas Corp (NewCo) (NYSE:LAC) trade information
Upright in the green today for gaining 0.74%, in the last five days LAC remained trading in the red while hitting it’s week-highest on Friday, 06/28/24 when the stock touched $2.72 price level, adding 4.56% to its value on the day. Lithium Americas Corp (NewCo)’s shares saw a change of -57.50% in year-to-date performance and have moved -2.16% in past 5-day. Lithium Americas Corp (NewCo) (NYSE:LAC) showed a performance of -14.47% in past 30-days.
Wall Street analysts have assigned a consensus price target of 36.25 to the stock, which implies a rise of 92.5% to its recent value today. Analysts have been projecting 8 as a low price target for the stock while placing it at a high target of 44. It follows that stock’s current price would drop -194.12% in reaching the projected high whereas dropping to the targeted low would mean a loss of -194.12% for stock’s current value.
Lithium Americas Corp (NewCo) (LAC) estimates and forecasts
Statistics highlight that Lithium Americas Corp (NewCo) is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -55.84% of value to its shares in past 6 months, showing an annual growth rate of -400.00% while that of industry is 17.70. Apart from that, the company came lowering its revenue forecast for fiscal year 2024.
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 40.15% during past 5 years.
LAC Dividends
Lithium Americas Corp (NewCo) is more likely to be releasing its next quarterly report in August and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
