Lithium Americas Corp. (LAC) Volatility At 7.28%, Should You Add A Position?

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 119.37M, and float is at 79.86M with Short Float at 6.47%. Institutions hold 16.89% of the Float.

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The top institutional shareholder in the company is Invesco Ltd. with over 3.77 million shares valued at $47.3 million. The investor’s holdings represent 3.16% of the LAC Shares outstanding. As of Dec 30, 2020, the second largest holder is Van Eck Associates Corporation with 1.26 million shares valued at $15.76 million to account for 1.05% of the shares outstanding. The other top investors are Voloridge Investment Management, LLC which holds 0.86 million shares representing 0.72% and valued at over $10.8 million, while Citigroup Inc. holds 0.70% of the shares totaling 0.84 million with a market value of $10.49 million.

Lithium Americas Corp. (NYSE: LAC) is 57.93% higher on its value in year-to-date trading and has touched a low of $1.92 and a high of $28.75 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LAC stock was last observed hovering at around $21.03 in the last trading session, with the day’s loss setting it -1.21% off its average median price target of $23.68 for the next 12 months. It is also 22.27% off the consensus price target high of $25.50 offered by 6 analysts, but current levels are -25.13% lower than the price target low of $15.84 for the same period.

Currently trading at $19.82, the stock is -6.06% and 15.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.93 million and changing -5.75% at the moment leaves the stock 96.62% off its SMA200. LAC registered 276.81% gain for a year compared to 6-month gain of 155.74%. The firm has a 50-day simple moving average (SMA 50) of $20.53 and a 200-day simple moving average (SMA200) of $12.61.

The stock witnessed a -13.56% loss in the last 1 month and extending the period to 3 months gives it a 83.69%, and is -11.68% down 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 7.28% over the week and 8.99% over the month.

Lithium Americas Corp. (LAC) has around 321 employees, a market worth around $2.37B and $-1.54M in sales. Distance from 52-week low is 932.29% and -31.06% 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”. 6 analysts offering their recommendations for the stock, where 2 rate it as a Hold and 1 think it is a “Overweight”. 3 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..

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