Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
The price of Lithium Americas (Argentina) Corp (NYSE: LAAC) closed at $2.96 in the last session, up 1.02% from day before closing price of $2.93. In other words, the price has increased by $1.02 from its previous closing price. On the day, 0.54 million shares were traded. LAAC stock price reached its highest trading level at $3.0359 during the session, while it also had its lowest trading level at $2.95.
Ratios:
We take a closer look at LAAC’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 4.72 and its Current Ratio is at 4.72. In the meantime, Its Debt-to-Equity ratio is 0.25 whereas as Long-Term Debt/Eq ratio is at 0.25.
On March 22, 2024, Scotiabank Upgraded its rating to Sector Outperform which previously was Sector Perform but kept the price unchanged to $8.
Deutsche Bank Downgraded its Buy to Hold on January 11, 2024, whereas the target price for the stock was revised 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 479309824 and an Enterprise Value of 655276032. As of this moment, Lithium’s Price-to-Earnings (P/E) ratio for their current fiscal year is 0.38, and their Forward P/E ratio for the next fiscal year is 30.70.
Stock Price History:
The Beta on a monthly basis for LAAC is 1.34, which has changed by -0.4163347 over the last 52 weeks, in comparison to a change of 0.22212577 over the same period for the S&P500. Over the past 52 weeks, LAAC has reached a high of $5.79, while it has fallen to a 52-week low of $2.07. The 50-Day Moving Average of the stock is -4.37%, while the 200-Day Moving Average is calculated to be -16.46%.
Shares Statistics:
According to the various share statistics, LAAC traded on average about 1.37M shares per day over the past 3-months and 1160390 shares per day over the past 10 days. A total of 161.92M shares are outstanding, with a floating share count of 135.99M. Insiders hold about 16.02% of the company’s shares, while institutions hold 19.60% stake in the company. Shares short for LAAC as of 1735603200 were 11137482 with a Short Ratio of 7.82, compared to 1732838400 on 11483517.
