Lithium Americas (Argentina) Corp (NYSE: LAAC) has a higher price-to-earnings ratio of 0.40x compared to its average ratio. LAAC has 36-month beta value of 1.30. Analysts have mixed views on the stock, with 6 analysts rating it as a “buy,” 3 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for LAAC is 135.82M, and currently, short sellers hold a 8.13% ratio of that float. The average trading volume of LAAC on December 04, 2024 was 1.59M shares.
LAAC) stock’s latest price update
The stock of Lithium Americas (Argentina) Corp (NYSE: LAAC) has decreased by -4.97 when compared to last closing price of 3.32. Despite this, the company has experienced a -2.62% fall in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-29 that VANCOUVER, British Columbia, Nov. 29, 2024 (GLOBE NEWSWIRE) — Lithium Americas (Argentina) Corp. (“Lithium Argentina” or the “Company”) (TSX: LAAC) (NYSE: LAAC) today announced its intention to establish corporate domicile in Switzerland under the new name, Lithium Argentina AG. The move, which requires shareholder, stock exchange and court approval, is expected to occur in early 2025.
LAAC’s Market Performance
Lithium Americas (Argentina) Corp (LAAC) has seen a -2.62% fall in stock performance for the week, with a -9.86% decline in the past month and a 29.30% surge in the past quarter. The volatility ratio for the week is 4.84%, and the volatility levels for the past 30 days are at 5.51% for LAAC. The simple moving average for the past 20 days is -3.21% for LAAC’s stock, with a -17.02% simple moving average for the past 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 -6.32% 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 -52.84% of loss for the given period.
Volatility was left at 5.51%, however, over the last 30 days, the volatility rate increased by 4.84%, as shares sank -9.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.45% upper at present.
During the last 5 trading sessions, LAAC fell by -2.16%, which changed the moving average for the period of 200-days by -21.53% in comparison to the 20-day moving average, which settled at $3.26. In addition, Lithium Americas (Argentina) Corp saw -50.08% 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 -0.06. 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 -2.05.
Currently, EBITDA for the company is 38.03 million with net debt to EBITDA at -7.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.72.
Conclusion
To put it simply, Lithium Americas (Argentina) Corp (LAAC) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
