Lithium Americas Corp (NewCo) (NYSE:LAC) has a beta value of 0.48 and has seen 5.82 million shares traded in the last trading session. The company, currently valued at $1.27B, closed the last trade at $4.04 per share which meant it gained $0.07 on the day or 1.76% during that session. The LAC stock price is -90.84% off its 52-week high price of $7.71 and 50.0% above the 52-week low of $2.02. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.05 million shares traded. The 3-month trading volume is 8.38 million shares.
The consensus among analysts is that Lithium Americas Corp (NewCo) (LAC) is Buy stock at the moment, with a recommendation rating of 1.71. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 7 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.02.
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Lithium Americas Corp (NewCo) (NYSE:LAC) trade information
Sporting 1.76% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the LAC stock price touched $4.04 or saw a rise of 2.65%. Year-to-date, Lithium Americas Corp (NewCo) shares have moved -36.88%, while the 5-day performance has seen it change 11.60%. Over the past 30 days, the shares of Lithium Americas Corp (NewCo) (NYSE:LAC) have changed 9.78%. Short interest in the company has seen 29.98 million shares shorted with days to cover at 2.22.
Wall Street analysts have a consensus price target for the stock at $8.5, which means that the shares’ value could jump 52.47% from current levels. The projected low price target is $2.5 while the price target rests at a high of $43.76611415. In that case, then, we find that the current price level is -983.32% off the targeted high while a plunge would see the stock lose 38.12% from current levels.
Lithium Americas Corp (NewCo) (LAC) estimates and forecasts
Figures show that Lithium Americas Corp (NewCo) shares have underperformed across the wider relevant industry. The company’s shares have gained 11.29% over the past 6 months, with this year growth rate of -400.00%, compared to 11.90% for the industry. Revenue growth from the last financial year stood is estimated to be 0.00%.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 40.15% over the past 5 years.
LAC Dividends
Lithium Americas Corp (NewCo) is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Lithium Americas Corp (NewCo) (NYSE:LAC)’s Major holders
The top two institutional holders are GENERAL MOTORS HOLDINGS LLC with over 15.0 million shares worth more than $48.01 million. As of 2024-06-30, GENERAL MOTORS HOLDINGS LLC held 7.0466% of shares outstanding.
The other major institutional holder is VIRTUE CAPITAL MANAGEMENT, LLC, with the holding of over 25000.0 shares as of 2024-06-30. The firm’s total holdings are worth over $69748.0 and represent 0.0117% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VanEck ETF Trust-VanEck Rare Earth/Strategic Metals ETF and Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF . As of Sep 30, 2024 , the former fund manager holds about 1.27% shares in the company for having 2.78 shares of worth $11.24 million while later fund manager owns 2.0 shares of worth $8.08 million as of Sep 30, 2024 , which makes it owner of about 0.92% of company’s outstanding stock.
