Lithium Americas Corp (NewCo) (LAC) concluded trading on December 20, 2023 at a closing price of $6.17, with 4.15 million shares of worth about $25.61 million changed hands on the day. On Wednesday the price saw a loss of about -7.91%. Currently the company’s common shares owned by public are about 135.03M shares.
Hanwha ARIRANG Gbl. Rare Earth&St, Vanguard Total International Stoc, and VanEck Rare Earth/Strategic Metal are the top 3 mutual funds which are holding stakes in Lithium Americas Corp (NewCo) Hanwha ARIRANG Gbl. Rare Earth&St is currently holding 1.42 million shares of worth totaling $9.17 million. The company recently came buying 1.42 million shares which brought its stake up to 0.89% of the company’s outstanding shares. VanEck Rare Earth/Strategic Metal, after buying 1.14 million shares, have now control over 0.71% of the stake in the company. It holds 0.0 shares of worth $7.36 million.
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However, the stock later moved at a day high price of 6.64, or with a loss of -7.91%. Stock saw a price change of -4.19% in past 5 days and over the past one month there was a price change of -15.01%. Over the period of past 52 weeks, stock dropped to lowest price of $5.80 but also hit the highest price of $12.38 during that period. The average intraday trading volume for Lithium Americas Corp (NewCo) shares is 2.73 million. The stock is currently trading -5.69% below its 20-day simple moving average (SMA20), while that difference is down -13.94% for SMA50 and it goes to -18.40% lower than SMA200.
Lithium Americas Corp (NewCo) (NYSE: LAC) currently have 135.03M outstanding shares and institutions hold larger chunk of about 6.02% 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 $995.28M. 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 5.65% while standing at 5.47% over the month.
Analysts are in expectations that Lithium Americas Corp (NewCo) (LAC) stock would likely to be making an EPS of -$0.09 in the current quarter, while forecast for next quarter EPS is -$0.07 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 -$0.04 at the higher side of the target for the same.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JP Morgan on December 11, 2023 offering a Neutral rating for the stock and assigned a target price of $7 to it.
