Lithium Americas Corp. (NYSE: LAC) is -9.34% lower on its value in year-to-date trading and has touched a low of $18.89 and a high of $41.56 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LAC stock was last observed hovering at around $25.75 in the last trading session, with the day’s gains setting it 0.65% off its average median price target of $37.50 for the next 12 months. It is also 34.0% off the consensus price target high of $40.00 offered by 13 analysts, but current levels are 10.05% higher than the price target low of $29.35 for the same period.
Currently trading at $26.40, the stock is 1.67% and 1.25% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.22 million and changing 2.52% at the moment leaves the stock -0.35% off its SMA200. LAC registered -26.65% loss for a year compared to 6-month gain of 6.41%.
The stock witnessed a 0.65% loss in the last 1 month and extending the period to 3 months gives it a -16.64%, and is 1.77% 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 3.46% over the week and 4.74% over the month.
Fwd P/E is 26.19. Distance from 52-week low is 39.76% and -36.48% 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 “Buy”. 13 analysts offering their recommendations for the stock have an average rating of 2.00, where 1 rate it as a Hold and 0 think it is a “Overweight”. 12 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 03/17/2023.The EPS is expected to grow by 15.30% this year
Lithium Americas Corp. (LAC) Top Institutional Holders
The shares outstanding are 134.68M, and float is at 112.55M with Short Float at 9.06%.