The 36-month beta value for LAAC is also noteworthy at 1.33. There are mixed opinions on the stock, with 11 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The average price estimated by analysts for LAAC is $13.21, which is $7.13 above than the current price. The public float for LAAC is 120.58M, and at present, short sellers hold a 11.23% of that float. The average trading volume of LAAC on November 20, 2023 was 3.31M shares.
LAAC) stock’s latest price update
The stock of Lithium Americas (Argentina) Corp (NYSE: LAAC) has increased by 8.77 when compared to last closing price of 5.59.Despite this, the company has seen a gain of 7.42% in its stock price over the last five trading days. Seeking Alpha reported 2023-11-16 that Lithium Americas (Argentina) is ramping up production and reported positive earnings in its first quarterly report since the split, boosting its future outlook. The company has nearly completed capital spending on its Caucharí-Olaroz project and is expected to reach full production capacity next year. While there are political and geopolitical risks in Argentina, Lithium Americas (Argentina) has a steady revenue stream starting next year and can partially finance capital costs internally.
LAAC’s Market Performance
Lithium Americas (Argentina) Corp (LAAC) has experienced a 7.42% rise in stock performance for the past week, with a -1.46% drop in the past month, and a -10.45% drop in the past quarter. The volatility ratio for the week is 7.11%, and the volatility levels for the past 30 days are at 7.38% for LAAC. The simple moving average for the past 20 days is 5.14% for LAAC’s stock, with a -22.86% simple moving average for the past 200 days.
LAAC Trading at -7.51% from the 50-Day Moving Average
After a stumble in the market that brought LAAC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -44.00% of loss for the given period.
Volatility was left at 7.38%, however, over the last 30 days, the volatility rate increased by 7.11%, as shares surge +6.43% for the moving average over the last 20 days.
During the last 5 trading sessions, LAAC rose by +8.13%, in comparison to the 20-day moving average, which settled at $5.80. In addition, Lithium Americas (Argentina) Corp saw -20.33% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for LAAC
Equity return is now at value -1.11, with -0.90 for asset returns.
In summary, Lithium Americas (Argentina) Corp (LAAC) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.