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After finishing at $3.11 in the prior trading day, Lithium Americas (Argentina) Corp (NYSE: LAAC) closed at $3.04, down -2.25%. In other words, the price has decreased by -$2.25 from its previous closing price. On the day, 1.56 million shares were traded. LAAC stock price reached its highest trading level at $3.11 during the session, while it also had its lowest trading level at $2.88.
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 491896320 and an Enterprise Value of 606321984. 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 6.87.
Stock Price History:
Over the past 52 weeks, LAAC has reached a high of $8.62, while it has fallen to a 52-week low of $2.89. The 50-Day Moving Average of the stock is -19.37%, while the 200-Day Moving Average is calculated to be -38.79%.
Shares Statistics:
The stock has traded on average 1.20M shares per day over the past 3-months and 1312530 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 120.69M. Insiders hold about 25.13% of the company’s shares, while institutions hold 24.01% stake in the company. Shares short for LAAC as of 1721001600 were 9066308 with a Short Ratio of 7.54, compared to 1718323200 on 8014834.
