Lithium Americas Corp (NewCo) (NYSE: LAC) is -50.47% 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 $2.97 in the last trading session, with the day’s gains setting it 0.2%.
Currently trading at $3.17, the stock is -9.31% and -12.96% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.08 million and changing 6.73% at the moment leaves the stock -13.69% off its SMA200. LAC registered -51.08% loss for a year compared to 6-month gain of 21.46%. The firm has a 50-day simple moving average (SMA 50) of $3.6366 and a 200-day simple moving average (SMA200) of $3.68345.
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The stock witnessed a -18.30% loss in the last 1 month and extending the period to 3 months gives it a 28.86%, and is -2.16% 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 6.72% over the week and 5.73% over the month.
Distance from 52-week low is 56.93% and -58.88% 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 -441.05% this year.
Lithium Americas Corp (NewCo) (LAC) Top Institutional Holders
The shares outstanding are 218.29M, and float is at 186.83M 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.
Lithium Americas Corp (NewCo) (LAC) Insider Activity
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