(NYSE:LAC) has a beta value of 1.47 and has seen 3.57 million shares traded in the last trading session. The company, currently valued at $3.11B, closed the last trade at $19.14 per share which meant it gained $1.32 on the day or 7.41% during that session. The LAC stock price is -69.8% off its 52-week high price of $32.50 and 16.04% above the 52-week low of $16.07. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.92 million shares traded. The 3-month trading volume is 1.47 million shares.
The consensus among analysts is that(LAC) is a Buy stock at the moment, with a recommendation rating of 2.00. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 0 out of 14 have rated it as a Hold, with 13 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.01.
(NYSE:LAC) trade information
Sporting 7.41% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Monday, 09/11/23 when the LAC stock price touched $19.14 or saw a rise of 2.69%. Year-to-date,shares have moved 1.00%, while the 5-day performance has seen it change 3.12%. Over the past 30 days, the shares of (NYSE:LAC) have changed 2.74%. Short interest in the company has seen 13.66 million shares shorted with days to cover at 8.33.
Wall Street analysts have a consensus price target for the stock at $35.56, which means that the shares’ value could jump 46.18% from current levels. The projected low price target is $25.00 while the price target rests at a high of $41.70. In that case, then, we find that the current price level is -117.87% off the targeted high while a plunge would see the stock gain -30.62% from current levels.
(LAC) estimates and forecasts
Figures show thatshares have outperformed across the wider relevant industry. The company’s shares have lost -8.07% over the past 6 months, with this year growth rate of 116.47%, compared to 7.10% for the industry. Other than that, the company has, however, increased its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are 96.70% and -28.60% for the next quarter.
1 analysts offering their estimates for the company have set an average revenue estimate of $2 million for the current quarter. 1 have an estimated revenue figure of $23 million for the next quarter concluding in Dec 2023.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -9.80% over the past 5 years.
is expected to release its next earnings report in October this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
(NYSE:LAC)’s Major holders
Insiders own 12.97% of the company shares, while shares held by institutions stand at 30.96% with a share float percentage of 35.57%. Investors are also buoyed by the number of investors in a company, withhaving a total of 351 institutions that hold shares in the company. The top two institutional holders are General Motors Holdings LLC with over 15.0 million shares worth more than $303.2 million. As of Jun 29, 2023, General Motors Holdings LLC held 9.38% of shares outstanding.
The other major institutional holder is Fifthdelta Ltd, with the holding of over 4.81 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $97.13 million and represent 3.01% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Global X Fds-Global X Lithium & Battery Tech ETF and VanEck ETF Trust-VanEck Rare Earth/ETF. As of Jul 30, 2023, the former fund manager holds about 0.86% shares in the company for having 1.37 million shares of worth $27.63 million while later fund manager owns 1.28 million shares of worth $25.82 million as of Jul 30, 2023, which makes it owner of about 0.80% of company’s outstanding stock.
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