During the last session, Lithium Americas Corp (NewCo) (NYSE:LAC)’s traded shares were 3.73 million, with the beta value of the company hitting 0.45. At the end of the trading day, the stock’s price was $3.65, reflecting an intraday loss of -2.41% or -$0.09. The 52-week high for the LAC share is $7.71, that puts it down -111.23 from that peak though still a striking 44.66% gain since the share price plummeted to a 52-week low of $2.02. The company’s market capitalization is $1.11B, and the average intraday trading volume over the past 10 days was 9.68 million shares, and the average trade volume was 8.33 million shares over the past three months.
Lithium Americas Corp (NewCo) (LAC) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.71. LAC has a Sell rating from 0 analyst(s) out of 7 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.02.
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Lithium Americas Corp (NewCo) (NYSE:LAC) trade information
Lithium Americas Corp (NewCo) (LAC) registered a -2.41% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.41% in intraday trading to $3.65, hitting a weekly high. The stock’s 5-day price performance is -13.51%, and it has moved by 9.61% in 30 days. Based on these gigs, the overall price performance for the year is -49.72%. The short interest in Lithium Americas Corp (NewCo) (NYSE:LAC) is 29.98 million shares and it means that shorts have 2.22 day(s) to cover.
The consensus price target of analysts on Wall Street is $8.5, which implies an increase of 57.06% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2.5 and $43.76611415 respectively. As a result, LAC is trading at a discount of -1099.07% off the target high and 31.51% off the low.
Lithium Americas Corp (NewCo) (LAC) estimates and forecasts
Statistics show that Lithium Americas Corp (NewCo) has underperformed its competitors in share price, compared to the industry in which it operates. Lithium Americas Corp (NewCo) (LAC) shares have gone down -9.88% during the last six months, with a year-to-date growth rate less than the industry average at -400.00% against 13.30.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 40.15%. While earnings are projected to return -414.56% in 2024.
LAC Dividends
Lithium Americas Corp (NewCo) is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 25000.0 shares, is of VIRTUE CAPITAL MANAGEMENT, LLC’s that is approximately 0.0117% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $69748.0.
