Lithium Americas (Argentina) Corp (NYSE:LAAC) currently has a daily average trading volume of 1.63M but it saw 1402594 shares traded in last market. With a market cap of 780.23M USD, the company’s current market price of $3.48 came falling about -3.06 while comparing to the previous closing price of $3.59. In past 52 weeks, the stock remained buoying in the range of price level as high as $6.69 and as low as $2.07. In the recent trading on the day, stock has struck highest price mark of $3.385 while lowest mark touched by it was $3.578.
Taking a look at 20-day trading activity of Lithium Americas (Argentina) Corp (LAAC) gives us an average price of $3.52, while its current price level is -47.98% below from 52-week high level whereas it is 68.12% 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 $3.02 while that of 200 days or SMA-200 reads an average of $3.93. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.80% during that period while stretching the period over a month that decreases to 6.40%. 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 52.86 which implies that the stock is in neutral territory.
Scotiabank upgraded its recommendation for the stock as a “Sector Outperform” from “Sector Perform” on March 22, 2024 while assigning a price target of $8. Deutsche Bank issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $9 and $6.50.
Over the week, LAAC’s stock price is moving -4.40% down while it is 8.07% when we observe its performance for the past one month. Year-to-date it is -44.94% down and over the past year, the stock is showing a downside performance of -37.07%.
Currently, Lithium Americas (Argentina) Corp’s total number of outstanding shares is 160.68M. Company’s return on investment (ROI) stands at 123.21% and return on equity (ROE) at -0.22%. It has a price to earnings ratio (P/E ratio) of 0.44 while having a 14.28 of forward P/E ratio. Stock’s beta reads 1.33. Stock has a price to book (P/B) ratio of 0.68. Its return on asset (ROA) is -0.18% on average.
