In the last trading session, 3.04 million shares of the Lithium Americas Corp (NewCo) (NYSE:LAC) were traded, and its beta was 0.69. Most recently the company’s share price was $2.94, and it changed around -$0.03 or -1.01% from the last close, which brings the market valuation of the company to $642.04M. LAC currently trades at a discount to its 52-week high of $7.71, offering almost -162.24% off that amount. The share price’s 52-week low was $2.02, which indicates that the current value has risen by an impressive 31.29% since then. We note from Lithium Americas Corp (NewCo)’s average daily trading volume that its 10-day average is 3.61 million shares, with the 3-month average coming to 4.71 million.
Lithium Americas Corp (NewCo) stock received a consensus recommendation rating of Hold, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 15 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 7 recommended LAC as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight.
Lithium Americas Corp (NewCo) (NYSE:LAC) trade information
Instantly LAC has showed a red trend with a performance of -1.01% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 3.10 on recent trading dayincreased the stock’s daily price by 5.16%. The company’s shares are currently down -1.01% year-to-date, but still down -2.97% over the last five days. On the other hand, Lithium Americas Corp (NewCo) (NYSE:LAC) is 2.44% up in the 30-day period. We can see from the shorts that 31.74 million shares have been sold at a short interest cover period of 7.31 day(s).
The consensus price target as assigned by Wall Street analysts is $4.75, which translates to bulls needing to increase their stock price by 38.11% from its current value. Analyst projections state that LAC is forecast to be at a low of $2.5 and a high of $8.5.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 40.15%.
LAC Dividends
Lithium Americas Corp (NewCo)’s next quarterly earnings report is expected to be released on 2024-Nov-06.
Lithium Americas Corp (NewCo) (NYSE:LAC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 14.38% of Lithium Americas Corp (NewCo) shares, and 17.10% of them are in the hands of institutional investors. The stock currently has a share float of 19.97%. Lithium Americas Corp (NewCo) stock is held by 285.0 institutions, with GENERAL MOTORS HOLDINGS LLC being the largest institutional investor. By 2024-06-30, it held 7.3373% of the shares, which is about 15.0 million shares worth $40.21 million.
GENERAL MOTORS HOLDINGS LLC, with 7.0466% or 15.0 million shares worth $48.01 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
VanEck Rare Earth and Strategic Metals ETF and Global X Lithium & Battery Tech ETF were the top two Mutual Funds as of Feb 28, 2025 . The former held 2.74 shares worth $8.05 million, making up 1.25% of all outstanding shares. On the other hand, Global X Lithium & Battery Tech ETF held roughly 1.55 shares worth around $4.55 million, which represents about 0.71% of the total shares outstanding.
