FifthDelta Ltd. has recently announced that it has increased stake in Lithium Americas (Argentina) Corp (NYSE:LAAC) by 2.65%. After grabbing 4.93 million shares, the institutional investor is now in possession of 0.13 million shares of the Basic Materials Company. The new investment brought the stake of investor firm to 3.07% having worth around $26.2 million. Moreover, The Vanguard Group, Inc. increased its share by 17706.0 to have a control over 2.53 million shares. And Global X Management Co. LLC raised its holdings to 5332.0 shares by acquiring 1.88 million shares or 1.17% of the stake.
Lithium Americas (Argentina) Corp (LAAC) concluded trading on 12/28/23 at a closing price of $6.51, with 3.03 million shares of worth about $19.75 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -16.93% during that period and on Thursday the price saw a gain of about 1.09%. Currently the company’s common shares owned by public are about 135.03M shares, out of which, 120.69M shares are available for trading.
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
Global X Lithium & Battery Tech E, Hanwha ARIRANG Gbl. Rare Earth&St, and Vanguard Total International Stoc are the top 3 mutual funds which are holding stakes in Lithium Americas (Argentina) Corp Global X Lithium & Battery Tech E is currently holding 1.55 million shares of worth totaling $8.25 million. The company recently came buying 0.0 shares which brought its stake up to 0.97% of the company’s outstanding shares. Vanguard Total International Stoc, after buying 1.31 million shares, have now control over 0.82% of the stake in the company. It holds 0.0 shares of worth $6.95 million.
Lithium Americas (Argentina) Corp (NYSE: LAAC) started trading at $6.43, below -$0.01 from concluding price of the previous day. Stock saw a price change of 7.96% in past 5 days and over the past one month there was a price change of 21.23%. Year-to-date (YTD), LAAC shares are showing a performance of -14.70% which decreased to -16.93% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.07 but also hit the highest price of $10.86 during that period. The average intraday trading volume for Lithium Americas (Argentina) Corp shares is 2.16 million. The stock is currently trading 11.51% above its 20-day simple moving average (SMA20), while that difference is up 11.20% for SMA50 and it goes to -11.95% lower than SMA200.
FifthDelta Ltd. acquired 4.93 million shares of Lithium Americas (Argentina) Corp having value of about $26.2 million. Data submitted at the U.S SEC by FifthDelta Ltd. revealed that the firm now holds 0.13 million shares in the company valued at close to $828677.43, or have control over 2.65% stake in the company. Lithium Americas (Argentina) Corp (NYSE: LAAC) currently have 135.03M outstanding shares and institutions hold larger chunk of about 19.28% of that. Holding of mutual funds in the company is about 11.68% while other institutional holders and individual stake holders have control over 7.94% and — of the stake respectively.
The stock has a current market capitalization of $1.04B and its 3Y-monthly beta is at 1.28. It has posted earnings per share of -$0.11 in the same period. It has Quick Ratio of 10.13 while making debt-to-equity ratio of 0.16. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LAAC, volatility over the week remained 4.87% while standing at 5.80% over the month.
Analysts are in expectations that Lithium Americas (Argentina) Corp (LAAC) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0.02 and it is $0.39 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.06 which is $0.07 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.07 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 161.88% while it is estimated to increase by 302.97% in next year.
Analysts at 14 brokerage firms have issued recommendations for the Lithium Americas (Argentina) Corp (LAAC)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.36. Out of those 14 Wall Street analysts, 11 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
