In the latest trading session, 1.7 million Lithium Americas Corp (NewCo) (NYSE:LAC) shares changed hands as the company’s beta touched 0. With the company’s most recent per share price at $2.71 changing hands around $0.05 or 1.73% at last look, the market valuation stands at $589.91M. LAC’s current price is a discount, trading about -356.83% off its 52-week high of $12.38. The share price had its 52-week low at $2.02, which suggests the last value was 25.46% up since then. When we look at Lithium Americas Corp (NewCo)’s average trading volume, we note the 10-day average is 3.44 million shares, with the 3-month average coming to 3.52 million.
Analysts gave the Lithium Americas Corp (NewCo) (LAC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.93. 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, 2 recommended LAC as a Hold, 5 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.
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Lithium Americas Corp (NewCo) (NYSE:LAC) trade information
Instantly LAC is in green as seen in intraday trades today. With action 17.14%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -57.72%, with the 5-day performance at 17.14% in the green. However, in the 30-day time frame, Lithium Americas Corp (NewCo) (NYSE:LAC) is 4.48% up. Looking at the short shares, we see there were 25.52 million shares sold at short interest cover period of 7.73 days.
The consensus price target for the stock as assigned by Wall Street analysts is 21.5, meaning bulls need an upside of 87.4% from its recent market value. According to analyst projections, LAC’s forecast low is 3 with 44 as the target high. To hit the forecast high, the stock’s price needs a -1523.62% plunge from its current level, while the stock would need to soar -10.7% for it to hit the projected low.
Lithium Americas Corp (NewCo) (LAC) estimates and forecasts
Data shows that the Lithium Americas Corp (NewCo) share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -61.45% over the past 6 months, a -350.00% in annual growth rate that is considerably lower than the industry average of 18.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 40.15%. The 2024 estimates are for Lithium Americas Corp (NewCo) earnings to decrease by -406.91%.
LAC Dividends
Lithium Americas Corp (NewCo) is expected to release its next quarterly earnings report on 2024-Aug-14.
Lithium Americas Corp (NewCo) (NYSE:LAC)’s Major holders
VIRTUE CAPITAL MANAGEMENT, LLC holds the second largest percentage of outstanding shares, with 0.0117% or 25000.0 shares worth $69748.0 as of 2024-06-30.
