Lithium Americas (Argentina) Corp (NYSE:LAAC) traded at $4.11 at close of the session on Friday, June 07, made a downward move of -1.44% on its previous day’s price.
Looking at the stock we see that its previous close was $4.17. The company has a trailing 12-month PE ratio of 0.51. In terms of its 52-week price range, LAAC has a high of $8.75 and a low of $3.84. The company’s stock has lost about -22.16% over that past 30 days.
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Lithium Americas (Argentina) Corp has a market cap of $662.53 million. Estimates by analysts give the company expected earnings per share (EPS) of $0.07, with the EPS growth for the year raised at $0.33 for 2024 and $0.93 for next year. These figures represent -95.90% and 181.80% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $21.4 million, with a low of $21.4 million and a high of $21.4 million. The median projection represents growth squeezing down to 239.70% compared to sales growth for the corresponding quarter a year ago.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term.
Looking further, we note the current price level is -13.48% off its SMA20 and -18.46% from its 50-day simple moving average. The RSI (14) is pointing at 32.20 while the volatility over the past week is 4.23% and jumps to 5.08% over the past one month. The beta value is 1.40, while the average true range (ATR) is currently pointing at 0.23.
Coming back to Lithium Americas (Argentina) Corp (NYSE:LAAC), we note that the average 3-month trading volume was 1.31 million. Current shares outstanding are 160.68 million.
The insiders hold 24.65% of the company’s shares while institutions hold 18.64%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -34.97% down in year-to-date price movement.
