Lithium Americas (Argentina) Corp (NYSE:LAAC) currently has a daily average trading volume of 1.29M but it saw 1772393 shares traded in last market. With a market cap of 442.07M USD, the company’s current market price of $2.73 came falling about -4.55 while comparing to the previous closing price of $2.86. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.79 and as low as $2.07. In the recent trading on the day, stock has struck highest price mark of $2.73 while lowest mark touched by it was $2.87.
Taking a look at 20-day trading activity of Lithium Americas (Argentina) Corp (LAAC) gives us an average price of $2.86, while its current price level is -52.85% below from 52-week high level whereas it is 31.88% 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 $3.05 while that of 200 days or SMA-200 reads an average of $3.49. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.56% during that period while stretching the period over a month that increases to 4.75%. 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 40.35 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 -6.83% down while it is 0.37% when we observe its performance for the past one month. Year-to-date it is 4.20% up and over the past year, the stock is showing a downside performance of -40.26%.
The company is expected to be releasing its next quarterly report in February, for which analysts forecasted an EPS of -0.03 while estimate for next year EPS is -0.08.
Currently, Lithium Americas (Argentina) Corp’s total number of outstanding shares is 161.92M with 5.16% of that held by the insiders while 30.93% of its common stock has been owned by the institutions. 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 0.35 while having a 58.81 of forward P/E ratio. Stock’s beta reads 1.36. Stock has a price to book (P/B) ratio of 0.53. Its return on asset (ROA) is -0.88% on average.
