Lithium Americas Corp (NewCo) (NYSE: LAC) is -3.37% 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 $3.09 in the last trading session, with the day’s loss setting it -0.22%.
Currently trading at $2.87, the stock is -0.95% and -5.91% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.81 million and changing -7.12% at the moment leaves the stock -5.37% off its SMA200. LAC registered -46.46% loss for a year compared to 6-month gain of 24.24%.
The stock witnessed a -6.51% loss in the last 1 month and extending the period to 3 months gives it a -21.80%, and is 13.89% 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 10.01% over the week and 6.13% over the month.
Distance from 52-week low is 42.08% and -62.78% from its 52-week high.
The EPS is expected to shrink by -526.66% 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 218.29M, and float is at 184.55M with Short Float at 15.84%.
The top institutional shareholder in the company is GENERAL MOTORS HOLDINGS LLC with over 15.0 million shares valued at $40.21 million. The investor’s holdings represent 7.3373% of the LAC Shares outstanding. As of 2024-06-30, the second largest holder is GENERAL MOTORS HOLDINGS LLC with 15.0 million shares valued at $48.01 million to account for 7.0466 of the shares outstanding. The other top investors are VAN ECK ASSOCIATES CORP which holds 3.95 million shares representing 1.9334% and valued at over $10.59 million, while MARSHALL WACE, LLP holds 1.8709 of the shares totaling 3.83 million with a market value of $10.25 million.
Lithium Americas Corp (NewCo) (LAC) Insider Activity
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