Lithium Americas Corp (NewCo) (NYSE: LAC) is 1.68% 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 $2.90 in the last trading session, with the day’s gains setting it 0.12%.
Currently trading at $3.02, the stock is 5.12% and -0.44% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.92 million and changing 4.14% at the moment leaves the stock 0.42% off its SMA200. LAC registered -47.29% loss for a year compared to 6-month gain of 22.27%. The firm has a 50-day simple moving average (SMA 50) of $3.0334 and a 200-day simple moving average (SMA200) of $3.0073.
The stock witnessed a -3.51% loss in the last 1 month and extending the period to 3 months gives it a -10.39%, and is 5.23% 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 5.23% over the week and 6.30% over the month.
Distance from 52-week low is 49.50% and -60.83% from its 52-week high.
The EPS is expected to shrink by -527.12% 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
285.0 institutions hold shares in Lithium Americas Corp (NewCo) (LAC), with institutional investors hold 19.94% of the company’s shares. The shares outstanding are 218.29M, and float is at 184.55M with Short Float at 17.20%. Institutions hold 17.08% of the Float.
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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