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As of close of business last night, Lithium Americas (Argentina) Corp’s stock clocked out at $3.24, up 5.19% from its previous closing price of $3.08. In other words, the price has increased by $5.19 from its previous closing price. On the day, 2.05 million shares were traded. LAAC stock price reached its highest trading level at $3.28 during the session, while it also had its lowest trading level at $3.14.
Ratios:
To gain a deeper understanding of LAAC’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.43 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 30.02. 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 522612000 and an Enterprise Value of 628833984. As of this moment, Lithium’s Price-to-Earnings (P/E) ratio for their current fiscal year is 0.41, and their Forward P/E ratio for the next fiscal year is 11.93.
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 21.27%, while the 200-Day Moving Average is calculated to be -22.56%.
Shares Statistics:
It appears that LAAC traded 1.39M shares on average per day over the past three months and 1891570 shares per day over the past ten days. A total of 160.68M shares are outstanding, with a floating share count of 136.32M. Insiders hold about 15.49% of the company’s shares, while institutions hold 21.83% stake in the company. Shares short for LAAC as of 1726185600 were 11878730 with a Short Ratio of 8.73, compared to 1723680000 on 11538621.
