Lithium Americas Corp (NewCo) (LAC) concluded trading on Thursday at a closing price of $3.07, with 4.99 million shares of worth about $15.32 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 34.06% during that period and on February 06, 2025 the price saw a loss of about -0.97%. Currently the company’s common shares owned by public are about 218.29M shares, out of which, 187.06M shares are available for trading.
Stock saw a price change of 1.66% in past 5 days and over the past one month there was a price change of -9.97%. Year-to-date (YTD), LAC shares are showing a performance of 3.37% which decreased to -19.84% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.02 but also hit the highest price of $7.71 during that period. The average intraday trading volume for Lithium Americas Corp (NewCo) shares is 5.77 million. The stock is currently trading -2.66% below its 20-day simple moving average (SMA20), while that difference is down -7.20% for SMA50 and it goes to -4.00% lower than SMA200.
Lithium Americas Corp (NewCo) (NYSE: LAC) currently have 218.29M outstanding shares and institutions hold larger chunk of about 18.28% of that.
The stock has a current market capitalization of $670.43M and its 3Y-monthly beta is at 1.06. It has Quick Ratio of 13.88 while making debt-to-equity ratio of 0.01. 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 5.00% while standing at 5.60% over the month.
Analysts are in expectations that Lithium Americas Corp (NewCo) (LAC) stock would likely to be making an EPS of -0.03 in the current quarter, while forecast for next quarter EPS is -0.03 and it is -0.11 for next year. For the current quarter EPS, analysts have given the company a lowest target -0.04 which is -0.02 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to drop by -526.23% while it is estimated to decrease by -17.39% in next year.
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 Wedbush on December 19, 2024 offering a Neutral rating for the stock and assigned a target price of $5 to it. On July 29, 2024, Piper Sandler Initiated their recommendations, while on March 18, 2024, Scotiabank Downgrade their ratings for the stock with a price target of $7. Stock get a Neutral rating from JP Morgan on December 11, 2023.
