Lithium Americas Corp (NewCo) (NYSE: LAC) stock jumped 0.69% on Monday to $7.26 against a previous-day closing price of $7.21. With 1.38 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.72 million shares. During the session, the Other Industrial Metals & Mining company that operates in wider Basic Materials sector, reached to the highest price of $7.46 whereas the lowest price it dropped to was $7.21. The 52-week range on LAC shows that it touched its highest point at $12.38 and its lowest point at $6.32 during that stretch. It currently has a 1-year price target of $12.65.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LAC was up-trending over the past week, with a rise of 1.11%, but this was up by 4.31% over a month.
Float and Shares Shorts:
On Oct 30, 2023, short shares totaled 14.93 million, which was 8.59% higher than short shares on . In addition to Mr. Kelvin Paul Michael Dushnisky B.Sc., B.Sc. (Hon.), L.L.B., M.Sc. as the firm’s Executive Chairman of Board, Mr. Jonathan D. Evans serves as its President, CEO & Director.
With a 0.82% stake in LAC, the Vanguard Total International Stoc is the largest stakeholder. A total of 1,308,876 shares are owned by the mutual fund manager. The VanEck Rare Earth/Strategic Metal, which owns about 0.75% of LAC stock, is the second-largest Mutual Fund holder. It holds 1,202,745 shares valued at 8.06 million. Government Pension Fund – Global holds 0.58% of the stake in LAC, owning 927,650 shares worth 6.22 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LAC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With LAC analysts setting a high price target of $16.50 and a low target of $7.00, the average target price over the next 12 months is $12.65. Based on these targets, LAC could surge 127.27% to reach the target high and fall by -3.58% to reach the target low. Reaching the average price target will result in a growth of 74.24% from current levels.