Lithium Americas Corp (NewCo) (LAC) Stock Could Soon Reward Patient Investors

Lithium Americas Corp (NewCo) (NYSE: LAC) is -37.66% lower on its value in year-to-date trading and has touched a low of $2.02 and a high of $7.71 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 $3.95 in the last trading session, with the day’s gains setting it 0.04%.

Currently trading at $3.99, the stock is 0.40% and 17.41% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.55 million and changing 1.01% at the moment leaves the stock 5.26% off its SMA200. LAC registered -39.55% loss for a year compared to 6-month gain of 17.70%. The firm has a 50-day simple moving average (SMA 50) of $3.3982 and a 200-day simple moving average (SMA200) of $3.7906.

The stock witnessed a -2.92% loss in the last 1 month and extending the period to 3 months gives it a 62.86%, and is 2.84% 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 5.29% over the week and 7.82% over the month.

Distance from 52-week low is 97.52% and -48.25% 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, but quarterly earnings will post 0.00% year-over-year. Quarterly sales are estimated to shrink 0.00% in year-over-year returns.

Lithium Americas Corp (NewCo) (LAC) Top Institutional Holders

The shares outstanding are 218.38M, and float is at 186.77M with Short Float at 13.94%.

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.