Lithium Americas Corp (NewCo) (LAC) concluded trading on 12/06/23 at a closing price of $6.42, with 4.01 million shares of worth about $25.77 million changed hands on the day. On Wednesday the price saw a gain of about 3.38%. Currently the company’s common shares owned by public are about 135.03M shares.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 8 analysts are covering the LAC stock and their offered price forecasts bring an average price target of $13.44. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $19.00 and could fall to a lowest price of $7.00. The stock’s current price level is 52.23% above of average price target set by the analysts, while a rise to estimated low would result in gain of 8.29% for the stock. However, touching the estimated high of $19.00 would mean a gain of 66.21% for the stock.
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Vanguard Total International Stoc, VanEck Rare Earth/Strategic Metal, and Government Pension Fund – Global are the top 3 mutual funds which are holding stakes in Lithium Americas Corp (NewCo) Vanguard Total International Stoc is currently holding 1.31 million shares of worth totaling $8.77 million. The company recently came buying 1.31 million shares which brought its stake up to 0.82% of the company’s outstanding shares. VanEck Rare Earth/Strategic Metal bought 8781.0 shares, after which its hold over company’s outstanding shares expand to 0.75%, leaving 1.2 million shares with the mutual fund that have a worth of about $8.06 million. Government Pension Fund – Global, after buying 0.93 million shares, have now control over 0.58% of the stake in the company. It holds 0.93 million shares of worth $6.22 million.
Lithium Americas Corp (NewCo) (NYSE: LAC) started trading at $6.30, above $0.09 from concluding price of the previous day. However, the stock later moved at a day high price of 6.65, or with a gain of 3.38%. Stock saw a price change of -2.73% in past 5 days and over the past one month there was a price change of -10.34%. Over the period of past 52 weeks, stock dropped to lowest price of $6.20 but also hit the highest price of $12.38 during that period. The average intraday trading volume for Lithium Americas Corp (NewCo) shares is 2.54 million. The stock is currently trading -7.85% below its 20-day simple moving average (SMA20), while that difference is down -17.76% for SMA50 and it goes to -17.76% lower than SMA200.
Lithium Americas Corp (NewCo) (NYSE: LAC) currently have 135.03M outstanding shares and institutions hold larger chunk of about 4.93% of that. Holding of mutual funds in the company is about — while other institutional holders and individual stake holders have control over — and — of the stake respectively.
The stock has a current market capitalization of $1.04B. It has posted earnings per share of -$0.11 in the same period. It has Quick Ratio of 10.13 while making debt-to-equity ratio of 0.16. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LAC, volatility over the week remained 4.97% while standing at 5.42% over the month.
Analysts are in expectations that Lithium Americas Corp (NewCo) (LAC) stock would likely to be making an EPS of -$0.11 in the current quarter, while forecast for next quarter EPS is -$0.08 and it is -$0.28 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.13 which is -$0.07 at the higher side of the target for the same.
Analysts at 8 brokerage firms have issued recommendations for the Lithium Americas Corp (NewCo) (LAC)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.25. Out of those 8 Wall Street analysts, 7 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
