Lithium Americas Corp (NewCo) (NYSE:LAC) has a beta value of 0.55 and has seen 1.09 million shares traded in the recent trading session. The company, currently valued at $610.70M, closed the recent trade at $2.80 per share which meant it lost -$0.07 on the day or -2.56% during that session. The LAC stock price is -175.36% off its 52-week high price of $7.71 and 27.86% above the 52-week low of $2.02.
The consensus among analysts is that Lithium Americas Corp (NewCo) (LAC) is Buy stock at the moment, with a recommendation rating of 2.00. 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 -0.03.
Lithium Americas Corp (NewCo) (NYSE:LAC) trade information
Sporting -2.56% in the red today, 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 $2.80 or saw a rise of 12.77%. Year-to-date, Lithium Americas Corp (NewCo) shares have moved -5.84%, while the 5-day performance has seen it change 9.24%. Over the past 30 days, the shares of Lithium Americas Corp (NewCo) (NYSE:LAC) have changed -7.71%.
Wall Street analysts have a consensus price target for the stock at $4.75, which means that the shares’ value could jump 41.05% from the levels at last check today. The projected low price target is $2.5 while the price target rests at a high of $8.5. In that case, then, we find that the latest price level in today’s session is -203.57% off the targeted high while a plunge would see the stock lose 10.71% from the levels at last check today.
Lithium Americas Corp (NewCo) (LAC) estimates and forecasts
The company’s shares have gained 24.84% over the past 6 months. 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 April 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 $40.21 million. As of 2024-06-30, GENERAL MOTORS HOLDINGS LLC held 7.3373% of shares outstanding.
The other major institutional holder is GENERAL MOTORS HOLDINGS LLC, with the holding of over 15.0 million shares as of 2024-06-30. The firm’s total holdings are worth over $48.01 million and represent 7.0466% 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 Dec 31, 2024, the former fund manager holds about 1.22% shares in the company for having 2.67 shares of worth $7.51 million while later fund manager owns 2.0 shares of worth $5.64 million as of Nov 30, 2024, which makes it owner of about 0.92% of company’s outstanding stock.
