Closing Bell Recap: Lithium Americas (Argentina) Corp (LAAC) Ends at 5.00, Reflecting a -5.84 Downturn

Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.

Lithium Americas (Argentina) Corp (NYSE: LAAC) closed the day trading at $5.00 down -5.84% from the previous closing price of $5.31. In other words, the price has decreased by -$5.84 from its previous closing price. On the day, 1.85 million shares were traded. LAAC stock price reached its highest trading level at $5.295 during the session, while it also had its lowest trading level at $4.9532.


For a better understanding of LAAC, let’s look at its different ratios. 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 851315072 and an Enterprise Value of 885035968.

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 -3.21%, while the 200-Day Moving Average is calculated to be -14.58%.

Shares Statistics:

Over the past 3-months, LAAC traded about 1.62M shares per day on average, while over the past 10 days, LAAC traded about 1140470 shares per day. 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 19.84% stake in the company. Shares short for LAAC as of 1714435200 were 8999696 with a Short Ratio of 5.56, compared to 1711584000 on 8752445.

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