Lithium Americas Corp (NewCo) (NYSE: LAC) is 4.71% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LAC stock was last observed hovering at around $3.20 in the last trading session, with the day’s loss setting it -0.09%.
Currently trading at $3.11, the stock is -3.01% and -11.09% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.72 million and changing -2.81% at the moment leaves the stock -8.18% off its SMA200. LAC registered -31.50% loss for a year compared to 6-month gain of 9.12%. The firm has a 50-day simple moving average (SMA 50) of $3.5148 and a 200-day simple moving average (SMA200) of $3.40525.
The stock witnessed a 6.14% loss in the last 1 month and extending the period to 3 months gives it a -0.96%, and is -5.18% 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 6.57% over the week and 6.11% over the month.
Distance from 52-week low is 53.96% and -59.66% from its 52-week high.
The EPS is expected to shrink by -506.64% this year
The shares outstanding are 218.29M, and float is at 187.06M with Short Float at 14.70%.
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.
