Lithium Americas (Argentina) Corp (LAAC) concluded trading on 01/11/24 at a closing price of $5.58, with 2.79 million shares of worth about $15.56 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -33.80% during that period and on Thursday the price saw a loss of about -3.29%. Currently the company’s common shares owned by public are about 135.03M shares, out of which, 120.69M shares are available for trading.
Lithium Americas (Argentina) Corp (NYSE: LAAC) started trading at $5.63, below -$0.14 from concluding price of the previous day. Stock saw a price change of -7.15% in past 5 days and over the past one month there was a price change of -0.89%. Year-to-date (YTD), LAAC shares are showing a performance of -11.71% which decreased to -26.69% 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 1.40 million. The stock is currently trading -9.11% below its 20-day simple moving average (SMA20), while that difference is down -4.37% for SMA50 and it goes to -23.53% lower than SMA200.
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Lithium Americas (Argentina) Corp (NYSE: LAAC) currently have 135.03M outstanding shares and institutions hold larger chunk of about 19.41% of that.
The stock has a current market capitalization of $895.59M and its 3Y-monthly beta is at 1.32. 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 4.32% while standing at 4.97% over the month.
Analysts are in expectations that Lithium Americas (Argentina) Corp (LAAC) stock would likely to be making an EPS of $Lithium Americas (Argentina) Co in the current quarter, while forecast for next quarter EPS is $5.58 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Lancaster Colony Corporation which is $STARTECH LABS INC 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 $Western Asset Macro Opportuniti in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 174.88% while it is estimated to increase by 214.28% in next year.
Analysts at 13 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 1.54. Out of those 13 Wall Street analysts, 9 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Deutsche Bank on January 11, 2024 offering a Hold rating for the stock and assigned a target price range of between $9 and $6.50 to it.
