In the past week, LAAC stock has gone down by -1.05%, with a monthly decline of -4.48% and a quarterly surge of 33.27%. The volatility ratio for the week is 7.38%, and the volatility levels for the last 30 days are 6.07% for Lithium Americas (Argentina) Corp The simple moving average for the past 20 days is -5.04% for LAAC’s stock, with a -14.57% simple moving average for the past 200 days.
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 0.42x. The 36-month beta value for LAAC is also noteworthy at 1.30. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
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The public float for LAAC is 136.77M, and at present, short sellers hold a 7.86% of that float. The average trading volume of LAAC on November 13, 2024 was 1.63M shares.
LAAC) stock’s latest price update
Lithium Americas (Argentina) Corp (NYSE: LAAC) has seen a rise in its stock price by 2.96 in relation to its previous close of 3.21. However, the company has experienced a -1.05% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-06 that Lithium Americas (Argentina) Corp. (NYSE:LAAC ) Q3 2024 Earnings Conference Call November 6, 2024 10:00 AM ET Company Participants Kelly O’Brien – VP, IR & ESG Sam Pigott – President & CEO, Lithium Argentina Alex Shulga – VP & CFO Conference Call Participants Apurva Kilambi – Scotiabank Corinne Blanchard – Deutsche Bank Joel Jackson – BMO Capital Markets David Deckelbaum – TD Cowen Seth Goldstein – Morningstar Mohamed Sidibe – National Bank Financial Operator Ladies and gentlemen, thank you for standing by. My name is Abby, and I will be your conference operator today.
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 4.73% 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 -50.60% of loss for the given period.
Volatility was left at 6.07%, however, over the last 30 days, the volatility rate increased by 7.38%, as shares sank -7.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +35.10% upper at present.
During the last 5 trading sessions, LAAC fell by -0.90%, which changed the moving average for the period of 200-days by -30.46% in comparison to the 20-day moving average, which settled at $3.48. In addition, Lithium Americas (Argentina) Corp saw -47.71% 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 -0.05. Equity return is now at value -1.10, with -0.88 for asset returns.
Based on Lithium Americas (Argentina) Corp (LAAC), the company’s capital structure generated 0.2 points at debt to capital in total, while cash flow to debt ratio is standing at -0.16. The debt to equity ratio resting at 0.25. The interest coverage ratio of the stock is -2.04.
Currently, EBITDA for the company is 38.03 million with net debt to EBITDA at -7.66. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.72.
Conclusion
In summary, Lithium Americas (Argentina) Corp (LAAC) has had a bad performance as of late. Analysts have bullish 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.
