Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The closing price of Lithium Americas (Argentina) Corp (NYSE: LAAC) was $5.41 for the day, up 5.66% from the previous closing price of $5.12. In other words, the price has increased by $5.66 from its previous closing price. On the day, 1.21 million shares were traded. LAAC stock price reached its highest trading level at $5.445 during the session, while it also had its lowest trading level at $5.2.
Ratios:
Our analysis of LAAC’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 9.16 and its Current Ratio is at 9.16. In the meantime, Its Debt-to-Equity ratio is 0.24 whereas as Long-Term Debt/Eq ratio is at 0.24.
On January 11, 2024, Deutsche Bank Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $9 to $6.50.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LAAC now has a Market Capitalization of 869928000 and an Enterprise Value of 950952768.
Stock Price History:
Over the past 52 weeks, LAAC has reached a high of $9.39, while it has fallen to a 52-week low of $3.84. The 50-Day Moving Average of the stock is 6.87%, while the 200-Day Moving Average is calculated to be -8.78%.
Shares Statistics:
LAAC traded an average of 1.67M shares per day over the past three months and 1149060 shares per day over the past ten days. A total of 160.68M shares are outstanding, with a floating share count of 121.18M. Insiders hold about 24.64% of the company’s shares, while institutions hold 21.16% stake in the company. Shares short for LAAC as of 1713139200 were 8752445 with a Short Ratio of 5.49, compared to 1710460800 on 9671652.
