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As of close of business last night, Lithium Americas (Argentina) Corp’s stock clocked out at $3.06, down -0.65% from its previous closing price of $3.08. In other words, the price has decreased by -$0.65 from its previous closing price. On the day, 1.08 million shares were traded. LAAC stock price reached its highest trading level at $3.1163 during the session, while it also had its lowest trading level at $3.0.
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 4.72 and its Current Ratio is at 4.72. In the meantime, Its Debt-to-Equity ratio is 0.25 whereas as Long-Term Debt/Eq ratio is at 0.25.
On March 22, 2024, Scotiabank Upgraded its rating to Sector Outperform which previously was Sector Perform but kept the price unchanged to $8.
Deutsche Bank Downgraded its Buy to Hold on January 11, 2024, whereas the target price for the stock was revised 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 495502720 and an Enterprise Value of 671465984. As of this moment, Lithium’s Price-to-Earnings (P/E) ratio for their current fiscal year is 0.39, and their Forward P/E ratio for the next fiscal year is 43.87.
Stock Price History:
Over the past 52 weeks, LAAC has reached a high of $6.69, while it has fallen to a 52-week low of $2.07. The 50-Day Moving Average of the stock is -8.86%, while the 200-Day Moving Average is calculated to be -18.44%.
Shares Statistics:
It appears that LAAC traded 1.59M shares on average per day over the past three months and 1373930 shares per day over the past ten days. A total of 161.92M shares are outstanding, with a floating share count of 135.94M. Insiders hold about 16.05% of the company’s shares, while institutions hold 19.61% stake in the company. Shares short for LAAC as of 1732838400 were 11036962 with a Short Ratio of 7.21, compared to 1730332800 on 10752497.
Earnings Estimates
The company has 4.0 analysts who recommend its stock at the moment. The consensus estimate for the next quarter is -$0.02, with high estimates of $0.01 and low estimates of -$0.04.
Analysts are recommending an EPS of between -$0.08 and -$0.13 for the fiscal current year, implying an average EPS of -$0.1. EPS for the following year is $0.11, with 7.0 analysts recommending between $0.41 and -$0.11.
