Lithium Americas (Argentina) Corp (NYSE:LAAC) currently has a daily average trading volume of 1.59M but it saw 1660975 shares traded in last market. With a market cap of 503.51M USD, the company’s current market price of $3.11 came falling about -6.33 while comparing to the previous closing price of $3.32. 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 $3.05 while lowest mark touched by it was $3.35.
Taking a look at 20-day trading activity of Lithium Americas (Argentina) Corp (LAAC) gives us an average price of $3.26, while its current price level is -53.51% below from 52-week high level whereas it is 50.24% 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 $3.37 while that of 200 days or SMA-200 reads an average of $3.80. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.76% during that period while stretching the period over a month that increases to 5.77%. 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 42.89 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 -4.01% down while it is -11.14% when we observe its performance for the past one month. Year-to-date it is -50.79% down and over the past year, the stock is showing a downside performance of -41.76%.
Currently, Lithium Americas (Argentina) Corp’s total number of outstanding shares is 161.92M. Company’s return on investment (ROI) stands at 120.90% and return on equity (ROE) at -1.10%. It has a price to earnings ratio (P/E ratio) of 0.40 while having a 44.59 of forward P/E ratio. Stock’s beta reads 1.30. Stock has a price to book (P/B) ratio of 0.61. Its return on asset (ROA) is -0.88% on average.
