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After finishing at $3.24 in the prior trading day, Lithium Americas (Argentina) Corp (NYSE: LAAC) closed at $3.10, down -4.32%. In other words, the price has decreased by -$4.32 from its previous closing price. On the day, 1.43 million shares were traded. LAAC stock price reached its highest trading level at $3.2 during the session, while it also had its lowest trading level at $3.02.
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 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 524107712 and an Enterprise Value of 677942016. As of this moment, Lithium’s Price-to-Earnings (P/E) ratio for their current fiscal year is 0.40, and their Forward P/E ratio for the next fiscal year is 44.44.
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 -7.91%, while the 200-Day Moving Average is calculated to be -18.08%.
Shares Statistics:
The stock has traded on average 1.62M shares per day over the past 3-months and 1254950 shares per day over the last 10 days, according to various share statistics. A total of 161.92M shares are outstanding, with a floating share count of 135.82M. Insiders hold about 16.11% of the company’s shares, while institutions hold 19.62% stake in the company. Shares short for LAAC as of 1732838400 were 11036962 with a Short Ratio of 6.82, compared to 1730332800 on 10752497.
