The incline in Lithium Americas Corp. (LAC) stock price is a huge buying opportunity

Lithium Americas Corp. (NYSE: LAC) is 27.41% higher on its value in year-to-date trading and has touched a low of $1.92 and a high of $17.40 in the current 52-week trading range. The LAC stock was last observed hovering at around $15.99 in the last trading session, with the day’s gains setting it 2.29% off its average median price target of $13.50 for the next 12 months. It is also -5.85% off the consensus price target high of $17.27 offered by 7 analysts, but current levels are -111.57% lower than the price target low of $8.64 for the same period.


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Currently trading at $18.28, the stock is 62.10% and 68.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.3 million and changing 14.32% at the moment leaves the stock 148.66% off its SMA200. LAC registered 340.50% gain for a year compared to 6-month gain of 198.32%. The firm has a 50-day simple moving average (SMA 50) of $11.08 and a 200-day simple moving average (SMA200) of $9.07.

The stock witnessed a 56.92% loss in the last 1 month and extending the period to 3 months gives it a 15.95%, and is 34.14% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 10.53% over the week and 8.91% over the month.

Lithium Americas Corp. (LAC) has around 321 employees, a market worth around $1.69B and $-1.54M in sales. Distance from 52-week low is 852.08% and 5.06% from its 52-week high.

Lithium Americas Corp. (LAC) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Lithium Americas Corp. (LAC) is a “Overweight”. 7 analysts offering their recommendations for the stock, where 2 rate it as a Hold and 1 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Lithium Americas Corp. is expected to release its quarterly report on 05/13/2021..

Lithium Americas Corp. (LAC) Top Institutional Holders

102 institutions hold shares in Lithium Americas Corp. (LAC), with 29.09M shares held by insiders accounting for 30.25% while institutional investors hold 24.22% of the company’s shares. The shares outstanding are 105.42M, and float is at 69.05M with Short Float at 7.99%. Institutions hold 16.89% of the Float.

The top institutional shareholder in the company is Invesco Ltd. with over 2.49 million shares valued at $28.34 million. The investor’s holdings represent 2.69% of the LAC Shares outstanding. As of Sep 29, 2020, the second largest holder is Van Eck Associates Corporation with 1.08 million shares valued at $12.29 million to account for 1.17% of the shares outstanding. The other top investors are Scotia Capital Inc. which holds 0.46 million shares representing 0.50% and valued at over $5.23 million, while Formidable Asset Management, LLC holds 0.36% of the shares totaling 0.33 million with a market value of $3.79 million.

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