In the latest trading session, 0.42 million shares of the Lithium Americas (Argentina) Corp (NYSE:LAAC) were traded, and its beta was 1.32. Most recently the company’s share price was $2.51, and it changed around -$0.03 or -1.18% from the last close, which brings the market valuation of the company to $404.86M. LAAC currently trades at a discount to its 52-week high of $8.62, offering almost -243.43% off that amount. The share price’s 52-week low was $2.07, which indicates that the current value has risen by an impressive 17.53% since then. We note from Lithium Americas (Argentina) Corp’s average daily trading volume that its 10-day average is 1.44 million shares, with the 3-month average coming to 1.36 million.
Lithium Americas (Argentina) Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.54. If we narrow it down even further, the data shows that 0 out of 9 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 4 recommended LAAC as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Lithium Americas (Argentina) Corp is expected to report earnings per share of 0.01 for the current quarter.
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Lithium Americas (Argentina) Corp (NYSE:LAAC) trade information
Instantly LAAC has showed a red trend with a performance of -1.18% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.70 on recent trading dayincreased the stock’s daily price by 7.04%. The company’s shares are currently down -60.28% year-to-date, but still up 16.20% over the last five days. On the other hand, Lithium Americas (Argentina) Corp (NYSE:LAAC) is 1.21% up in the 30-day period. We can see from the shorts that 11.88 million shares have been sold at a short interest cover period of 9.19 day(s).
The consensus price target as assigned by Wall Street analysts is $4.25, which translates to bulls needing to increase their stock price by 40.94% from its current value. Analyst projections state that LAAC is forecast to be at a low of $3.5 and a high of $7.5.
Lithium Americas (Argentina) Corp (LAAC) estimates and forecasts
Lithium Americas (Argentina) Corp share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -50.00 percent over the past six months and at a -88.89% annual growth rate that is well below the industry average of 19.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -75.00% in revenue this quarter, and will report a decrease of -99.60% in the next quarter.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 39M in revenue for the current quarter. 1 analysts expect Lithium Americas (Argentina) Corp to make 48.4M in revenue for the current ending quarter.
LAAC Dividends
Lithium Americas (Argentina) Corp’s next quarterly earnings report is expected to be released on 2024-Nov-05.
