Metric Analysis: Lithium Americas (Argentina) Corp (LAAC)’s Key Ratios in the Limelight

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In the latest session, Lithium Americas (Argentina) Corp (NYSE: LAAC) closed at $4.11 down -1.44% from its previous closing price of $4.17. In other words, the price has decreased by -$1.44 from its previous closing price. On the day, 1.19 million shares were traded. LAAC stock price reached its highest trading level at $4.13 during the session, while it also had its lowest trading level at $4.04.


For a deeper understanding of Lithium Americas (Argentina) Corp’s stock, let’s take a closer look at its various 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 662807424 and an Enterprise Value of 778360000. As of this moment, Lithium’s Price-to-Earnings (P/E) ratio for their current fiscal year is 0.51, and their Forward P/E ratio for the next fiscal year is 7.01.

Stock Price History:

The Beta on a monthly basis for LAAC is 1.40, which has changed by -0.5060842 over the last 52 weeks, in comparison to a change of 0.23232913 over the same period for the S&P500. 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 -18.46%, while the 200-Day Moving Average is calculated to be -26.85%.

Shares Statistics:

For the past three months, LAAC has traded an average of 1.31M shares per day and 1037200 over the past ten days. A total of 160.68M shares are outstanding, with a floating share count of 121.46M. Insiders hold about 24.65% 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 6.89, compared to 1713139200 on 9191143.

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