In the latest trading session, 0.86 million Lithium Americas (Argentina) Corp (NYSE:LAAC) shares changed hands as the company’s beta touched 1.32. With the company’s most recent per share price at $2.74 changing hands around $0.18 or 7.23% at last look, the market valuation stands at $442.49M. LAAC’s current price is a discount, trading about -214.6% off its 52-week high of $8.62. The share price had its 52-week low at $2.26, which suggests the last value was 17.52% up since then. When we look at Lithium Americas (Argentina) Corp’s average trading volume, we note the 10-day average is 1.38 million shares, with the 3-month average coming to 1.28 million.
Analysts gave the Lithium Americas (Argentina) Corp (LAAC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.54. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended LAAC as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Lithium Americas (Argentina) Corp’s EPS for the current quarter is expected to be 0.02.
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Lithium Americas (Argentina) Corp (NYSE:LAAC) trade information
Instantly LAAC is in green as seen in intraday trades today. With action 8.07%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -56.57%, with the 5-day performance at 8.07% in the green. However, in the 30-day time frame, Lithium Americas (Argentina) Corp (NYSE:LAAC) is -9.70% down. Looking at the short shares, we see there were 10.59 million shares sold at short interest cover period of 8.4 days.
The consensus price target for the stock as assigned by Wall Street analysts is 4.25, meaning bulls need an upside of 35.53% from its recent market value. According to analyst projections, LAAC’s forecast low is 3.5 with 7.5 as the target high. To hit the forecast high, the stock’s price needs a -173.72% plunge from its current level, while the stock would need to soar -27.74% for it to hit the projected low.
Lithium Americas (Argentina) Corp (LAAC) estimates and forecasts
Data shows that the Lithium Americas (Argentina) Corp share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -32.39% over the past 6 months, a -88.89% in annual growth rate that is considerably lower than the industry average of 19.30%.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 39M. 1 analysts are of the opinion that Lithium Americas (Argentina) Corp’s revenue for the current quarter will be 48.4M.
The 2024 estimates are for Lithium Americas (Argentina) Corp earnings to decrease by -129.06%.
LAAC Dividends
Lithium Americas (Argentina) Corp is expected to release its next quarterly earnings report in September.
