In last trading session, Lithium Americas Corp (NewCo) (NYSE:LAC) saw 13.52 million shares changing hands with its beta currently measuring 0.47. Company’s recent per share price level of $3.95 trading at -$0.22 or -5.28% at ring of the bell on the day assigns it a market valuation of $1.19B. That closing price of LAC’s stock is at a discount of -98.99% from its 52-week high price of $7.86 and is indicating a premium of 48.86% from its 52-week low price of $2.02. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 16.39 million shares which gives us an average trading volume of 7.31 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 1.71. 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 in the current quarter.
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Lithium Americas Corp (NewCo) (NYSE:LAC) trade information
Upright in the red during last session for losing -5.28%, in the last five days LAC remained trading in the red while hitting it’s week-highest on Friday, 11/01/24 when the stock touched $3.95 price level, adding 12.03% to its value on the day. Lithium Americas Corp (NewCo)’s shares saw a change of -38.28% in year-to-date performance and have moved -3.89% in past 5-day. Lithium Americas Corp (NewCo) (NYSE:LAC) showed a performance of 45.76% in past 30-days. Number of shares sold short was 26.04 million shares which calculate 5.4 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 8.5 to the stock, which implies a rise of 53.53% to its current value. Analysts have been projecting 2.5 as a low price target for the stock while placing it at a high target of 43.76611415. It follows that stock’s current price would jump 36.71% in reaching the projected high whereas dropping to the targeted low would mean a gain of 36.71% 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 -8.56% of value to its shares in past 6 months, showing an annual growth rate of -350.00% while that of industry is 14.40. 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.
Lithium Americas Corp (NewCo) (NYSE:LAC)’s Major holders
GENERAL MOTORS HOLDINGS LLC is the top institutional holder at LAC for having 15.0 million shares of worth $48.01 million. And as of 2024-06-30, it was holding 7.0466 of the company’s outstanding shares.
The second largest institutional holder is VIRTUE CAPITAL MANAGEMENT, LLC, which was holding about 25000.0 shares on 2024-06-30. The number of shares represents firm’s hold over 0.0117 of outstanding shares, having a total worth of $69748.0.
