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In other words, the price has increased by $0.00 from its previous closing price. On the day, 0.94 million shares were traded. LAAC stock price reached its highest trading level at $5.2 during the session, while it also had its lowest trading level at $4.96.
Ratios:
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 822769792 and an Enterprise Value of 896290048.
Stock Price History:
The Beta on a monthly basis for LAAC is 1.33, which has changed by -0.32760924 over the last 52 weeks, in comparison to a change of 0.23568535 over the same period for the S&P500. 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 1.46%, while the 200-Day Moving Average is calculated to be -15.24%.
Shares Statistics:
Over the past 3-months, LAAC traded about 1.72M shares per day on average, while over the past 10 days, LAAC traded about 1213270 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 22.06% stake in the company. Shares short for LAAC as of 1713139200 were 8752445 with a Short Ratio of 5.35, compared to 1710460800 on 9671652.
Earnings Estimates
At present, 4.0 analysts are actively evaluating the performance of Lithium Americas (Argentina) Corp (LAAC) in the stock market.On average, analysts expect EPS of $0.04 for the current quarter, with a high estimate of $0.25 and a low estimate of -$0.06, 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 -$0.08 for the fiscal current year, implying an average EPS of $0.31. EPS for the following year is $0.78, with 8.0 analysts recommending between $1.65 and -$0.56.
Revenue Estimates
For the next quarter, 1 analysts are estimating revenue of $21.4M. There is a high estimate of $21.4M for the next quarter, whereas the lowest estimate is $21.4M.
Based on 3 analysts’ estimates, the company’s revenue will be $391.81M in the next fiscal year. The high estimate is $527M and the low estimate is $321.44M.
