Lithium Americas Corp (NewCo) (NYSE: LAC) is -62.34% lower on its value in year-to-date trading and has touched a low of $2.02 and a high of $12.38 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 $2.46 in the last trading session, with the day’s loss setting it -0.05%.
Currently trading at $2.41, the stock is 1.28% and -3.91% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.62 million and changing -2.03% at the moment leaves the stock -43.35% off its SMA200. LAC registered a loss of -63.60% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $2.492 and a 200-day simple moving average (SMA200) of $4.2341.
The stock witnessed a -12.68% gain in the last 1 month and extending the period to 3 months gives it a -11.07%, and is 2.99% 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 4.48% over the week and 5.95% over the month.
Distance from 52-week low is 19.31% and -80.53% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.18%).
Lithium Americas Corp (NewCo) quarterly earnings per share for the current quarter are estimated at 0.0.The EPS is expected to shrink by -406.91% this year
The shares outstanding are 218.00M, and float is at 186.45M with Short Float at 12.54%.
The top institutional shareholder in the company is GENERAL MOTORS HOLDINGS LLC with over 15.0 million shares valued at $48.01 million. The investor’s holdings represent 7.0466 of the LAC Shares outstanding. As of 2024-06-30, the second largest holder is VIRTUE CAPITAL MANAGEMENT, LLC with 25000.0 shares valued at $69748.0 to account for 0.0117 of the shares outstanding.
