Lithium Americas Corp (NewCo) [NYSE: LAC] plunged by $0.0 during the normal trading session on while it closed the day at $2.76.
Lithium Americas Corp (NewCo) stock has also loss -3.16% of its value over the past 7 days. However, LAC stock has declined by -8.00% in the 3 months of the year. Over the past six months meanwhile, it has gained 2.22% and lost -7.07% year-on date.
The market cap for LAC stock reached $603.58 million, with 218.47 million shares outstanding and 184.81 million shares in the current float. Compared to the average trading volume of 4.61M shares, LAC reached a trading volume of 4281091 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Lithium Americas Corp [NewCo] [LAC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LAC shares is $4.61 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LAC stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wedbush have made an estimate for Lithium Americas Corp (NewCo) shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 19, 2024. The new note on the price target was released on October 17, 2024, representing the official price target for Lithium Americas Corp (NewCo) stock. Previously, the target price had yet another raise to $3.90, while Piper Sandler analysts kept a Neutral rating on LAC stock. On March 18, 2024, analysts decreased their price target for LAC shares from 15 to 7.
The Average True Range (ATR) for Lithium Americas Corp (NewCo) is set at 0.15 The Price to Book ratio for the last quarter was 978.72, with the Price to Cash per share for the same quarter was set at 0.00.
LAC stock trade performance evaluation
Lithium Americas Corp (NewCo) [LAC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.16. With this latest performance, LAC shares gained by 7.81% in over the last four-week period, additionally plugging by 2.22% over the last 6 months – not to mention a drop of -60.68% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LAC stock in for the last two-week period is set at 43.07, with the RSI for the last a single of trading hit 40.36, and the three-weeks RSI is set at 44.29 for Lithium Americas Corp (NewCo) [LAC]. The present Moving Average for the last 50 days of trading for this stock 2.94, while it was recorded at 2.76 for the last single week of trading, and 2.99 for the last 200 days.
Lithium Americas Corp [NewCo] [LAC]: An insightful look at the core fundamentals
Lithium Americas Corp (NewCo)’s liquidity data is similarly interesting compelling, with a Quick Ratio of 10.33 and a Current Ratio set at 10.33.
Earnings per share (EPS) analysis for Lithium Americas Corp (NewCo) [LAC] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for LAC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Lithium Americas Corp (NewCo) go to -24.30%.
Lithium Americas Corp [NewCo] [LAC]: Institutional Ownership
There are presently around $17.10%, or 19.97%% of LAC stock, in the hands of institutional investors. The top three institutional holders of LAC stocks are: GENERAL MOTORS HOLDINGS LLC with ownership of 15.0 million shares, which is approximately 7.3373%. GENERAL MOTORS HOLDINGS LLC, holding 15.0 million shares of the stock with an approximate value of $$48.01 million in LAC stocks shares; and GENERAL MOTORS HOLDINGS LLC, currently with $$10.59 million in LAC stock with ownership which is approximately 1.9334%.
