Lithium Americas (Argentina) Corp (NYSE: LAAC)’s stock price has decreased by -0.42 compared to its previous closing price of 3.57. However, the company has seen a -13.08% decrease in its stock price over the last five trading sessions. globenewswire.com reported 2024-06-19 that VANCOUVER, British Columbia, June 19, 2024 (GLOBE NEWSWIRE) — Lithium Americas (Argentina) Corp. (TSX: LAAC) (NYSE: LAAC) (“Lithium Argentina” or the “Company”) announces the release of its 2023 Sustainability Report, “Enabling a Clean Energy Transition with Responsible Lithium” (the “Sustainability Report”). The Sustainability Report highlights the Company’s overall Environmental, Social and Governance (“ESG”) progress from January 1, 2023- December 31, 2023 (the “Reporting Period”) and reflects its commitment to creating sustainable value by being a safe, environmentally responsible and inclusive lithium company.
Is It Worth Investing in Lithium Americas (Argentina) Corp (NYSE: LAAC) Right Now?
Lithium Americas (Argentina) Corp (NYSE: LAAC) has a price-to-earnings ratio that is above its average at 0.44x. The stock has a 36-month beta value of 1.35. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for LAAC is 121.34M, and at present, short sellers hold a 7.13% of that float. On June 20, 2024, the average trading volume of LAAC was 1.28M shares.
LAAC’s Market Performance
The stock of Lithium Americas (Argentina) Corp (LAAC) has seen a -13.08% decrease in the past week, with a -28.61% drop in the past month, and a -30.29% fall in the past quarter. The volatility ratio for the week is 5.59%, and the volatility levels for the past 30 days are at 4.55% for LAAC. The simple moving average for the past 20 days is -17.01% for LAAC’s stock, with a -35.26% simple moving average for the past 200 days.
Analysts’ Opinion of LAAC
Many brokerage firms have already submitted their reports for LAAC stocks, with Scotiabank repeating the rating for LAAC by listing it as a “Sector Outperform.” The predicted price for LAAC in the upcoming period, according to Scotiabank is $8 based on the research report published on March 22, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see LAAC reach a price target of $6.50, previously predicting the price at $9. The rating they have provided for LAAC stocks is “Hold” according to the report published on January 11th, 2024.
LAAC Trading at -25.99% 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 -59.36% of loss for the given period.
Volatility was left at 4.55%, however, over the last 30 days, the volatility rate increased by 5.59%, as shares sank -29.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -35.22% lower at present.
During the last 5 trading sessions, LAAC fell by -13.20%, in comparison to the 20-day moving average, which settled at $4.21. In addition, Lithium Americas (Argentina) Corp saw -43.75% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for LAAC
The total capital return value is set at -0.03. Equity return is now at value 2.28, with 1.80 for asset returns.
Based on Lithium Americas (Argentina) Corp (LAAC), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at -0.12. The debt to equity ratio resting at 0.49. The interest coverage ratio of the stock is -1.28.
Currently, EBITDA for the company is -50.86 million with net debt to EBITDA at -3.91. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.91.
Conclusion
To sum up, Lithium Americas (Argentina) Corp (LAAC) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
