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The closing price of Lithium Americas (Argentina) Corp (NYSE: LAAC) was $3.50 for the day, down -3.85% from the previous closing price of $3.64. In other words, the price has decreased by -$3.85 from its previous closing price. On the day, 2.13 million shares were traded. LAAC stock price reached its highest trading level at $3.67 during the session, while it also had its lowest trading level at $3.44.
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 5.87 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 32.43. 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 564550016 and an Enterprise Value of 670771968. As of this moment, Lithium’s Price-to-Earnings (P/E) ratio for their current fiscal year is 0.45, and their Forward P/E ratio for the next fiscal year is 14.37.
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 19.02%, while the 200-Day Moving Average is calculated to be -11.74%.
Shares Statistics:
LAAC traded an average of 1.58M shares per day over the past three months and 1742180 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 21.86% stake in the company. Shares short for LAAC as of 1728950400 were 11844839 with a Short Ratio of 7.74, compared to 1726185600 on 12165073.
