Lithium Americas Corp (NewCo) (NYSE:LAC)’s traded shares stood at 8.82 million during the last session, with the company’s beta value hitting 0.46. At the close of trading, the stock’s price was $3.67, to imply a decrease of -5.41% or -$0.21 in intraday trading. The LAC share’s 52-week high remains $7.71, putting it -110.08% down since that peak but still an impressive 44.96% since price per share fell to its 52-week low of $2.02. The company has a valuation of $801.45M, with an average of 4.95 million shares in intraday trading volume over the past 10 days and average of 8.63 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Lithium Americas Corp (NewCo) (LAC), translating to a mean rating of 1.71. Of 7 analyst(s) looking at the stock, 0 analyst(s) give LAC a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 5 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.02.
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Lithium Americas Corp (NewCo) (NYSE:LAC) trade information
After registering a -5.41% downside in the last session, Lithium Americas Corp (NewCo) (LAC) has traded red over the past five days. The 5-day price performance for the stock is -5.90%, and -12.62% over 30 days. With these gigs, the year-to-date price performance is -42.66%. Short interest in Lithium Americas Corp (NewCo) (NYSE:LAC) saw shorts transact 30.01 million shares and set a 1.93 days time to cover.
The extremes give us $2.5 and $8.5 for target low and target high price respectively. As such, LAC has been trading -131.61% off suggested target high and 31.88% from its likely low.
Lithium Americas Corp (NewCo) (LAC) estimates and forecasts
Looking at statistics comparing Lithium Americas Corp (NewCo) share performance against respective industry, we note that the company has underperformed competitors. Lithium Americas Corp (NewCo) (LAC) shares are 15.77% up over the last 6 months, with its year-to-date growth rate lower than industry average at -400.00% against 9.40%.
LAC Dividends
Lithium Americas Corp (NewCo) has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
The next major institution holding the largest number of shares is VIRTUE CAPITAL MANAGEMENT, LLC with 25000.0 shares, or about 0.0117% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $69748.0.
