The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The price of Lithium Americas (Argentina) Corp (NYSE: LAAC) closed at $3.11 in the last session, up 1.63% from day before closing price of $3.06. In other words, the price has increased by $1.63 from its previous closing price. On the day, 0.86 million shares were traded. LAAC stock price reached its highest trading level at $3.215 during the session, while it also had its lowest trading level at $3.06.
Ratios:
We take a closer look at LAAC’s different ratios to gain a better understanding of the stock. 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 503558752 and an Enterprise Value of 679561024. 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 30.66.
Stock Price History:
The Beta on a monthly basis for LAAC is 1.32, which has changed by -0.47422683 over the last 52 weeks, in comparison to a change of 0.2936039 over the same period for the S&P500. 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 -2.86%, while the 200-Day Moving Average is calculated to be -19.22%.
Shares Statistics:
According to the various share statistics, LAAC traded on average about 1.61M shares per day over the past 3-months and 1385760 shares per day over the past 10 days. A total of 160.68M shares are outstanding, with a floating share count of 135.87M. Insiders hold about 16.08% of the company’s shares, while institutions hold 19.43% stake in the company. Shares short for LAAC as of 1730332800 were 10752497 with a Short Ratio of 6.67, compared to 1727654400 on 11844839.
