Currently, there are 218.00M common shares owned by the public and among those 186.45M shares have been available to trade.
The company’s stock has a 5-day price change of -8.56% and 33.57% over the past three months. LAC shares are trading -41.56% year to date (YTD), with the 12-month market performance down to -48.13% lower. It has a 12-month low price of $2.02 and touched a high of $7.71 over the same period. LAC has an average intraday trading volume of 8.31 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.56%, 17.41%, and -1.64% respectively.
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Institutional ownership of Lithium Americas Corp (NewCo) (NYSE: LAC) shares accounts for 17.91% of the company’s 218.00M shares outstanding.
It has a market capitalization of $1.15B and a beta (3y monthly) value of 0.46. The earnings-per-share (ttm) stands at -$0.09. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.14% over the week and 10.11% over the month.
Analysts forecast that Lithium Americas Corp (NewCo) (LAC) will achieve an EPS of -0.02 for the current quarter, -0.03 for the next quarter and -0.07 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.03 while analysts give the company a high EPS estimate of -0.03. Earnings per share for the fiscal year are expected to decrease by -414.56%, and -30.08% over the next financial year.
Piper Sandler coverage for the Lithium Americas Corp (NewCo) (LAC) stock in a research note released on July 29, 2024 offered a Neutral rating with a price target of $3.90. Scotiabank was of a view on March 18, 2024 that the stock is Sector Perform, while JP Morgan gave the stock Neutral rating on December 11, 2023, issuing a price target of $7. National Bank Financial on their part issued Outperform rating on November 15, 2023.
