In the latest trading session, 0.73 million shares of the Lithium Americas Corp (NewCo) (NYSE:LAC) were traded. Most recently the company’s share price was $2.33, and it changed around -$0.06 or -2.72% from the last close, which brings the market valuation of the company to $506.85M. LAC currently trades at a discount to its 52-week high of $12.38, offering almost -431.33% off that amount. The share price’s 52-week low was $2.02, which indicates that the current value has risen by an impressive 13.3% since then. We note from Lithium Americas Corp (NewCo)’s average daily trading volume that its 10-day average is 3.25 million shares, with the 3-month average coming to 3.72 million.
Lithium Americas Corp (NewCo) stock received a consensus recommendation rating of Buy, based on a mean score of 1.93. If we narrow it down even further, the data shows that 0 out of 13 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 5 recommended LAC as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. Lithium Americas Corp (NewCo) is expected to report earnings per share of 0.0 for the current quarter.
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Lithium Americas Corp (NewCo) (NYSE:LAC) trade information
Instantly LAC has showed a red trend with a performance of -2.72% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.52 on recent trading dayincreased the stock’s daily price by 7.54%. The company’s shares are currently down -63.67% year-to-date, but still up 6.65% over the last five days. On the other hand, Lithium Americas Corp (NewCo) (NYSE:LAC) is -2.72% down in the 30-day period. We can see from the shorts that 23.38 million shares have been sold at a short interest cover period of 7.22 day(s).
The consensus price target as assigned by Wall Street analysts is $21.5, which translates to bulls needing to increase their stock price by 89.16% from its current value. Analyst projections state that LAC is forecast to be at a low of $3 and a high of $44.
Lithium Americas Corp (NewCo) (LAC) estimates and forecasts
Lithium Americas Corp (NewCo) share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -64.06 percent over the past six months and at a -400.00% annual growth rate that is well below the industry average of 19.50%.
Consensus estimates provided by 1.0 financial analysts predict the company will bring in an average of nan in revenue for the current quarter. 0.0 analysts expect Lithium Americas Corp (NewCo) to make nan in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were nan and nan respectively. Forecasts for the next quarter put sales growth at nan.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 40.15%.
LAC Dividends
Lithium Americas Corp (NewCo)’s next quarterly earnings report is expected to be released on 2024-Aug-14.
Lithium Americas Corp (NewCo) (NYSE:LAC)’s Major holders
VIRTUE CAPITAL MANAGEMENT, LLC, with 0.0117% or 25000.0 shares worth $69748.0 as of 2024-06-30, holds the second largest percentage of outstanding shares.
