Balance Sheet Breakdown: Lithium Americas (Argentina) Corp (LAAC)’s Debt-to-Equity and Long-Term Debt/Eq Ratios

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After finishing at $3.99 in the prior trading day, Lithium Americas (Argentina) Corp (NYSE: LAAC) closed at $3.79, down -5.01%. In other words, the price has decreased by -$5.01 from its previous closing price. On the day, 1.55 million shares were traded. LAAC stock price reached its highest trading level at $3.99 during the session, while it also had its lowest trading level at $3.75.

Ratios:

Our goal is to gain a better understanding of LAAC by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 6.91 and its Current Ratio is at 6.91. 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 613464576 and an Enterprise Value of 727222016. As of this moment, Lithium’s Price-to-Earnings (P/E) ratio for their current fiscal year is 0.47, and their Forward P/E ratio for the next fiscal year is 6.46.

Stock Price History:

Over the past 52 weeks, LAAC has reached a high of $8.75, while it has fallen to a 52-week low of $3.84. The 50-Day Moving Average of the stock is -22.59%, while the 200-Day Moving Average is calculated to be -31.66%.

Shares Statistics:

The stock has traded on average 1.30M shares per day over the past 3-months and 1089670 shares per day over the last 10 days, according to various share statistics. A total of 160.68M shares are outstanding, with a floating share count of 121.34M. Insiders hold about 24.69% of the company’s shares, while institutions hold 18.64% stake in the company. Shares short for LAAC as of 1715731200 were 9049383 with a Short Ratio of 6.65, compared to 1713139200 on 9191143.

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