The stock of Lithium Americas (Argentina) Corp (NYSE: LAAC) has increased by 5.78 when compared to last closing price of 3.46.Despite this, the company has seen a gain of 5.78% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-22 that Lithium Americas Argentina is significantly undervalued, with potential valuations of $1.9 billion to $2.3 billion based on peer buyout comparisons and future LCE production. LAAC’s production is expected to reach 17,920 tons LCE by 2025, with future potential of 91,000 tons LCE by 2030. LAAC’s development possibilities include expanding Cauchari-Olaroz and initiating projects at Pastos Grandes and Sal de la Puna, with full production by 2030.
Is It Worth Investing in Lithium Americas (Argentina) Corp (NYSE: LAAC) Right Now?
The price-to-earnings ratio for Lithium Americas (Argentina) Corp (NYSE: LAAC) is above average at 0.47x, Company’s 36-month beta value is 1.33.Analysts have differing opinions on the stock, with 6 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for LAAC is 136.32M, and currently, short sellers hold a 8.69% ratio of that floaft. The average trading volume of LAAC on October 23, 2024 was 1.56M shares.
LAAC’s Market Performance
The stock of Lithium Americas (Argentina) Corp (LAAC) has seen a 5.78% increase in the past week, with a 41.86% rise in the past month, and a 22.82% gain in the past quarter. The volatility ratio for the week is 5.51%, and the volatility levels for the past 30 days are at 6.31% for LAAC. The simple moving average for the last 20 days is 8.65% for LAAC’s stock, with a simple moving average of -8.54% for the last 200 days.
Analysts’ Opinion of LAAC
Scotiabank, on the other hand, stated in their research note that they expect to see LAAC reach a price target of $8. The rating they have provided for LAAC stocks is “Sector Outperform” according to the report published on March 22nd, 2024.
Deutsche Bank gave a rating of “Hold” to LAAC, setting the target price at $6.50 in the report published on January 11th of the current year.
LAAC Trading at 27.15% 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 -45.29% of loss for the given period.
Volatility was left at 6.31%, however, over the last 30 days, the volatility rate increased by 5.51%, as shares surge +27.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +55.08% upper at present.
During the last 5 trading sessions, LAAC rose by +5.78%, which changed the moving average for the period of 200-days by -38.80% in comparison to the 20-day moving average, which settled at $3.37. In addition, Lithium Americas (Argentina) Corp saw -42.09% 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 -0.22, with -0.18 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 -0.09. The debt to equity ratio resting at 0.49. The interest coverage ratio of the stock is -1.48.
Currently, EBITDA for the company is -49.95 million with net debt to EBITDA at -2.93. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.03.
Conclusion
In a nutshell, Lithium Americas (Argentina) Corp (LAAC) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
