Lithium Americas Corp (NewCo) (LAC) concluded trading on 12/27/23 at a closing price of $6.78, with 3.19 million shares of worth about $21.65 million changed hands on the day. On Wednesday the price saw a gain of about 1.19%. 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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Lithium Americas Corp (NewCo) (NYSE: LAC) started trading at $6.82, above $0.12 from concluding price of the previous day. However, the stock later moved at a day high price of 6.96, or with a gain of 1.19%. Stock saw a price change of 1.19% in past 5 days and over the past one month there was a price change of 1.95%. 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 2.76 million. The stock is currently trading 5.19% above its 20-day simple moving average (SMA20), while that difference is down -1.88% for SMA50 and it goes to -9.46% 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 $1.09B. 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 5.32% while standing at 5.43% 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.
Analysts at 9 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 1.44. Out of those 9 Wall Street analysts, 7 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
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.
