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The closing price of Lithium Americas (Argentina) Corp (NYSE: LAAC) was $2.58 for the day, up 4.03% from the previous closing price of $2.48. In other words, the price has increased by $4.03 from its previous closing price. On the day, 1.03 million shares were traded. LAAC stock price reached its highest trading level at $2.61 during the session, while it also had its lowest trading level at $2.455.
Ratios:
Our analysis of LAAC’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.33 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.90. For the most recent quarter (mrq), Quick Ratio is recorded 5.03 and its Current Ratio is at 5.03. In the meantime, Its Debt-to-Equity ratio is 0.24 whereas as Long-Term Debt/Eq ratio is at 0.24.
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 416153984 and an Enterprise Value of 522376000. As of this moment, Lithium’s Price-to-Earnings (P/E) ratio for their current fiscal year is 0.33, and their Forward P/E ratio for the next fiscal year is 9.50.
Stock Price History:
Over the past 52 weeks, LAAC has reached a high of $8.14, while it has fallen to a 52-week low of $2.07. The 50-Day Moving Average of the stock is -4.10%, while the 200-Day Moving Average is calculated to be -40.00%.
Shares Statistics:
LAAC traded an average of 1.33M shares per day over the past three months and 1452470 shares per day over the past ten days. A total of 160.68M shares are outstanding, with a floating share count of 136.37M. Insiders hold about 15.46% of the company’s shares, while institutions hold 21.47% stake in the company. Shares short for LAAC as of 1724976000 were 11878730 with a Short Ratio of 8.90, compared to 1722384000 on 10590665.
