In the last trading session, 4.19 million Lithium Americas Corp (NewCo) (NYSE:LAC) shares changed hands as the company’s beta touched 0.90. With the company’s per share price at $3.28 changed hands at $0.08 or 2.50% during last session, the market valuation stood at $716.29M. LAC’s last price was a discount, traded about -135.06% off its 52-week high of $7.71. The share price had its 52-week low at $2.02, which suggests the last value was 38.41% up since then. When we look at Lithium Americas Corp (NewCo)’s average trading volume, we note the 10-day average is 4.91 million shares, with the 3-month average coming to 9.09 million.
Analysts gave the Lithium Americas Corp (NewCo) (LAC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.88. 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 -0.03.
Lithium Americas Corp (NewCo) (NYSE:LAC) trade information
Instantly LAC was in green as seen at the end of in last trading. With action -3.81%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 10.44%, with the 5-day performance at -3.81% in the red. However, in the 30-day time frame, Lithium Americas Corp (NewCo) (NYSE:LAC) is -2.67% down. Looking at the short shares, we see there were 27.49 million shares sold at short interest cover period of 5.55 days.
The consensus price target for the stock as assigned by Wall Street analysts is 4.5, meaning bulls need an upside of 27.11% from its current market value. According to analyst projections, LAC’s forecast low is 2.5 with 8.5 as the target high. To hit the forecast high, the stock’s price needs a -159.15% plunge from its current level, while the stock would need to tank 23.78% 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 13.10% over the past 6 months, a -450.00% in annual growth rate that is considerably lower than the industry average of 9.00%.
According to analysts, the company will likely register a growth in its current quarter sales, forecast at 0.00%. The estimates for the next quarter sales put growth at 0.00%.
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 2025 estimates are for Lithium Americas Corp (NewCo) earnings to decrease by -505.03%.
LAC Dividends
Lithium Americas Corp (NewCo) is expected to release its next quarterly earnings report in February.
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.
Among Mutual Funds, the top two as of Oct 31, 2024 were VanEck ETF Trust-VanEck Rare Earth/Strategic Metals ETF and Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF . With 2.71 shares estimated at $8.88 million under it, the former controlled 1.24% of total outstanding shares. On the other hand, Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF held about 0.95% of the shares, roughly 2.07 shares worth around $6.79 million.
