In the latest trading session, 0.42 million Lithium Americas Corp (NewCo) (NYSE:LAC) shares changed hands as the company’s beta touched 0.47. With the company’s most recent per share price at $3.03 changing hands around $0.01 or 0.17% at last look, the market valuation stands at $660.60M. LAC’s current price is a discount, trading about -154.46% 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 33.33% up since then. When we look at Lithium Americas Corp (NewCo)’s average trading volume, we note the 10-day average is 5.3 million shares, with the 3-month average coming to 4.83 million.
Analysts gave the Lithium Americas Corp (NewCo) (LAC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.00. 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 is in green as seen in intraday trades today. With action 2.89%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 1.85%, with the 5-day performance at 2.89% in the green. However, in the 30-day time frame, Lithium Americas Corp (NewCo) (NYSE:LAC) is 0.83% up. Looking at the short shares, we see there were 31.74 million shares sold at short interest cover period of 7.31 days.
The consensus price target for the stock as assigned by Wall Street analysts is 4.75, meaning bulls need an upside of 36.21% from its recent 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 -180.53% plunge from its current level, while the stock would need to tank 17.49% for it to hit the projected low.
Lithium Americas Corp (NewCo) (LAC) estimates and forecasts
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 -527.12%.
Lithium Americas Corp (NewCo) (NYSE:LAC)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 14.38% of Lithium Americas Corp (NewCo) shares while 17.07% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 19.94%. There are 17.07% institutions holding the Lithium Americas Corp (NewCo) stock share, with GENERAL MOTORS HOLDINGS LLC the top institutional holder. As of 2024-06-30, the company held 7.3373% of the shares, roughly 15.0 million LAC shares worth $40.21 million.
GENERAL MOTORS HOLDINGS LLC holds the second largest percentage of outstanding shares, with 7.0466% or 15.0 million shares worth $48.01 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jan 31, 2025 were VanEck ETF Trust-VanEck Rare Earth/Strategic Metals ETF and Global X Fds-Global X Lithium & Battery Tech ETF. With 2.71 shares estimated at $8.28 million under it, the former controlled 1.24% of total outstanding shares. On the other hand, Global X Fds-Global X Lithium & Battery Tech ETF held about 0.72% of the shares, roughly 1.57 shares worth around $4.8 million.
