Lithium Americas Corp (NewCo) (NYSE:LAC) has a beta value of 0.72 and has seen 0.87 million shares traded in the recent trading session. The company, currently valued at $609.89M, closed the recent trade at $2.79 per share which meant it gained $0.03 on the day or 1.19% during that session. The LAC stock price is -176.34% off its 52-week high price of $7.71 and 27.6% above the 52-week low of $2.02. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.65 million shares traded. The 3-month trading volume is 4.61 million shares.
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.
Lithium Americas Corp (NewCo) (NYSE:LAC) trade information
Sporting 1.19% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the LAC stock price touched $2.79 or saw a rise of 4.12%. Year-to-date, Lithium Americas Corp (NewCo) shares have moved -5.97%, while the 5-day performance has seen it change -2.01%. Over the past 30 days, the shares of Lithium Americas Corp (NewCo) (NYSE:LAC) have changed 9.09%. Short interest in the company has seen 33.97 million shares shorted with days to cover at 7.06.
Wall Street analysts have a consensus price target for the stock at $4.75, which means that the shares’ value could jump 41.26% 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 -204.66% off the targeted high while a plunge would see the stock lose 10.39% from the levels at last check today.
Lithium Americas Corp (NewCo) (LAC) estimates and forecasts
The company’s shares have gained 3.44% over the past 6 months. Earnings growth for 2025 is a modest 16.09% while over the next 5 years, the company’s earnings are expected to decrease by -24.30%.
LAC Dividends
Lithium Americas Corp (NewCo) is expected to release its next earnings report on 2025-Mar-27 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
Insiders own 14.38% of the company shares, while shares held by institutions stand at 17.10% with a share float percentage of 19.97%. Investors are also buoyed by the number of investors in a company, with Lithium Americas Corp (NewCo) having a total of 285.0 institutions that hold shares in the company. 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 and Strategic Metals ETF and GLOBAL X FUNDS-Global X Lithium & Battery Tech ETF. As of Feb 28, 2025, the former fund manager holds about 1.25% shares in the company for having 2.74 shares of worth $7.59 million while later fund manager owns 1.55 shares of worth $4.29 million as of Feb 28, 2025, which makes it owner of about 0.71% of company’s outstanding stock.
