Lithium Americas (Argentina) Corp (NYSE:LAAC)’s traded shares stood at 0.5 million during the latest session, with the company’s beta value hitting 1.33. At the last check today, the stock’s price was $2.80, to imply an increase of 3.32% or $0.09 in intraday trading. The LAAC share’s 52-week high remains $8.62, putting it -207.86% down since that peak but still an impressive 19.29% since price per share fell to its 52-week low of $2.26. The company has a valuation of $451.38M, with an average of 1.34 million shares in intraday trading volume over the past 10 days and average of 1.29 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Lithium Americas (Argentina) Corp (LAAC), translating to a mean rating of 1.54. Of 2 analyst(s) looking at the stock, 0 analyst(s) give LAAC a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.02.
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Lithium Americas (Argentina) Corp (NYSE:LAAC) trade information
After registering a 3.32% upside in the latest session, Lithium Americas (Argentina) Corp (LAAC) has traded red over the past five days. The 5-day price performance for the stock is 6.47%, and -6.97% over 30 days. With these gigs, the year-to-date price performance is -55.69%. Short interest in Lithium Americas (Argentina) Corp (NYSE:LAAC) saw shorts transact 10.59 million shares and set a 8.4 days time to cover.
The extremes give us $3.5 and $7.5 for target low and target high price respectively. As such, LAAC has been trading -167.86% off suggested target high and -25.0% from its likely low.
Lithium Americas (Argentina) Corp (LAAC) estimates and forecasts
Looking at statistics comparing Lithium Americas (Argentina) Corp share performance against respective industry, we note that the company has underperformed competitors. Lithium Americas (Argentina) Corp (LAAC) shares are -30.86% down over the last 6 months, with its year-to-date growth rate lower than industry average at -88.89% against 19.30%. Revenue is forecast to shrink -50.00% this quarter before falling -99.60% for the next one.
Revenue forecast for the current quarter as set by 1 analysts is 39M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 48.4M.
LAAC Dividends
Lithium Americas (Argentina) Corp has its next earnings report out in September. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
