Lithium Americas Corp (NewCo) (NYSE: LAC) is -39.53% lower on its value in year-to-date trading and has touched a low of $2.02 and a high of $7.86 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 $4.22 in the last trading session, with the day’s loss setting it -0.35%.
Currently trading at $3.87, the stock is -0.26% and 24.98% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.64 million and changing -8.29% at the moment leaves the stock 1.60% off its SMA200. LAC registered -48.19% loss for a year compared to 6-month loss of -12.64%. The firm has a 50-day simple moving average (SMA 50) of $3.0652 and a 200-day simple moving average (SMA200) of $3.81135.
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The stock witnessed a 17.63% gain in the last 1 month and extending the period to 3 months gives it a 50.58%, and is -5.38% 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 10.15% over the week and 10.86% over the month.
Distance from 52-week low is 91.58% and -50.76% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.20%).
The EPS is expected to shrink by -414.56% this year
The shares outstanding are 218.00M, and float is at 186.45M with Short Float at 13.97%.
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.
