As of close of business last night, Lithium Americas (Argentina) Corp’s stock clocked out at $4.90, down -1.80% from its previous closing price of $4.99. In other words, the price has decreased by -$0.0900 from its previous closing price. On the day, 1282118 shares were traded. LAAC stock price reached its highest trading level at $5.0250 during the session, while it also had its lowest trading level at $4.8000.
Ratios:
To gain a deeper understanding of LAAC’s stock, we examine 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 783.36M and an Enterprise Value of 864.04M. Its current Enterprise Value per Revenue stands at 88.41 whereas that against EBITDA is 16.64.
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 4.6454, while the 200-Day Moving Average is calculated to be 6.3442.
Shares Statistics:
It appears that LAAC traded 1.83M shares on average per day over the past three months and 2.07M shares per day over the past ten days. A total of 160.68M shares are outstanding, with a floating share count of 120.80M. Insiders hold about 24.88% of the company’s shares, while institutions hold 22.02% stake in the company. Shares short for LAAC as of Feb 29, 2024 were 11.16M with a Short Ratio of 6.65, compared to 13.25M on Jan 31, 2024.
Earnings Estimates
As of right now, 4 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.05 for the current quarter, with a high estimate of $0.25 and a low estimate of -$0.03, while EPS last year was -$0.04. The consensus estimate for the next quarter is $0.07, with high estimates of $0.27 and low estimates of -$0.01.
Analysts are recommending an EPS of between $1.04 and -$0.2 for the fiscal current year, implying an average EPS of $0.29. EPS for the following year is $0.83, with 8 analysts recommending between $1.65 and -$0.2.
