Investors Are Waking Up To Lithium Americas (Argentina) Corp (NYSE: LAAC) After Losing -45.95% Over The Past 12 Months

Lithium Americas (Argentina) Corp (NYSE:LAAC) currently has a daily average trading volume of 1.63M but it saw 1539075 shares traded in last market. With a market cap of 760.58M USD, the company’s current market price of $4.73 came falling about -5.40 while comparing to the previous closing price of $5.00. In past 52 weeks, the stock remained buoying in the range of price level as high as $9.39 and as low as $3.84.

Taking a look at 20-day trading activity of Lithium Americas (Argentina) Corp (LAAC) gives us an average price of $5.12, while its current price level is -49.63% below from 52-week high level whereas it is 23.18% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $5.17. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.30% during that period while stretching the period over a month that decreases to 5.22%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 40.39 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Scotiabank which upgraded the stock as “Sector Outperform” in its note to investors issued on March 22, 2024, recommending a price target of $8 for it. Deutsche Bank downgraded its recommendation for the stock as a “Hold” from “Buy” on January 11, 2024 while assigning a price target range of $9-$6.50.

Over the week, LAAC’s stock price is moving -10.42% down while it is -6.71% when we observe its performance for the past one month. Year-to-date it is -25.16% down and over the past year, the stock is showing a downside performance of -45.95%.

Currently, Lithium Americas (Argentina) Corp’s total number of outstanding shares is 160.68M. Company’s return on investment (ROI) stands at -1.12% and return on equity (ROE) at -1.11%. It has a 6.11 of forward P/E ratio. Stock’s beta reads 1.39. Stock has a price to book (P/B) ratio of 0.93. Its return on asset (ROA) is -0.90% on average.