Lithium Americas Corp (NewCo) (NYSE:LAC) price on current trading day, fall -0.17% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $3.03.
A look at the stock’s price movement, the level at last check in today’s session was $3.03, moving within a range at $2.95 and $3.06. Turning to its 52-week performance, $7.71 and $2.02 were the 52-week high and 52-week low respectively. Overall, LAC moved -1.79% over the past month.
Lithium Americas Corp (NewCo)’s market cap currently stands at around $660.60 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-06.
Turning to the stock’s technical picture we see that short term indicators suggest on average that LAC is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
7 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 5 recommend LAC as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
LAC’s current price about 5.50% and 0.09% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 53.61, while 7-day volatility ratio is 4.39% and 6.17% in the 30-day chart. Further, Lithium Americas Corp (NewCo) (LAC) has a beta value of 0.46, and an average true range (ATR) of 0.17. Analysts have given the company’s stock an average 52-week price target of $4.75, forecast between a low of $2.5 and high of $8.5. Looking at the price targets, the low is 17.49% off recent price level in today’s trading while to achieve the yearly target high, it has to move -180.53%. Nonetheless, investors will most likely welcome a -56.77% jump to $4.75 which is the analysts’ median price.
If we refocus on Lithium Americas Corp (NewCo) (NYSE:LAC), historical trading data shows that trading volumes averaged 4.88 over the past 10 days and 4.77 million over the past 3 months. The company’s latest data on shares outstanding shows there are 218.29 million shares.
The 15.49% of Lithium Americas Corp (NewCo)’s shares are in the hands of company insiders while institutional holders own 15.65% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 31.74 million on 2025-02-28, giving us a short ratio of 7.31. The data shows that as of 2025-02-28 short interest in Lithium Americas Corp (NewCo) (LAC) stood at 1464.0 of shares outstanding, with shares short rising to 30.18 million registered in 2025-01-31. Current price change has pushed the stock 1.85% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the LAC stock continues to rise going into the next quarter.
