Lithium Americas Corp (NewCo) (NYSE:LAC) At $3.07: Does It Look Expensive?

In recent trading session, Lithium Americas Corp (NewCo) (NYSE:LAC) saw 0.6 million shares changing hands at last check today with its beta currently measuring 1.18. Company’s recent per share price level of $3.07 trading at $0.05 or 1.49% at last check today assigns it a market valuation of $669.33M. That most recent trading price of LAC’s stock is at a discount of -151.14% from its 52-week high price of $7.71 and is indicating a premium of 34.2% 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 5.49 million shares which gives us an average trading volume of 6.13 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 2.00. 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 -0.03 in the current quarter.

Lithium Americas Corp (NewCo) (NYSE:LAC) trade information

Upright in the green today for gaining 1.49%, in the last five days LAC remained trading in the red while hitting it’s week-highest on Thursday, 01/30/25 when the stock touched $3.07 price level, adding 1.29% to its value on the day. Lithium Americas Corp (NewCo)’s shares saw a change of 3.20% in year-to-date performance and have moved -2.70% in past 5-day. Lithium Americas Corp (NewCo) (NYSE:LAC) showed a performance of 2.17% in past 30-days. Number of shares sold short was 30.15 million shares which calculate 6.25 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 4.75 to the stock, which implies a rise of 35.37% to its recent value today. Analysts have been projecting 2.5 as a low price target for the stock while placing it at a high target of 8.5. It follows that stock’s current price would jump 18.57% in reaching the projected high whereas dropping to the targeted low would mean a gain of 18.57% 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 added 13.10% of value to its shares in past 6 months, showing an annual growth rate of -500.00% while that of industry is 8.60. Apart from that, the company came lowering its revenue forecast for fiscal year 2025.

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.

On the other hand, VanEck ETF Trust-VanEck Rare Earth/Strategic Metals ETF and Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF are the top two Mutual Funds which own company’s shares. As of Nov 30, 2024, the former fund manager was holding 2.73 shares of worth $8.43 million or 1.25% of the total outstanding shares. The later fund manager was in possession of 2.0 shares on Nov 30, 2024, making its stake of worth around $6.18 million in the company or a holder of 0.92% of company’s stock.