Lithium Americas (Argentina) Corp [LAAC] stock prices are up 0.19% to $5.19 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The LAAC shares have lost -1.70% over the last week, with a monthly amount glided 2.37%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Lithium Americas (Argentina) Corp [NYSE: LAAC] stock has seen the most recent analyst activity on March 22, 2024, when Scotiabank upgraded its rating to a Sector Outperform but kept the price target unchanged to $8 for it. Previously, Deutsche Bank downgraded its rating to Hold on January 11, 2024, and dropped its price target to $6.50. On October 31, 2023, upgrade upgraded it’s rating to Buy. Deutsche Bank started tracking the stock assigning a Buy rating and suggested a price target of $11 on October 18, 2023. Stifel initiated its recommendation with a Buy and recommended $18.50 as its price target on October 05, 2023. Scotiabank started tracking with a Sector Perform rating for this stock on October 05, 2023, and assigned it a price target of $10.
The stock price of Lithium Americas (Argentina) Corp [LAAC] has been fluctuating between $3.84 and $9.39 over the past year. Currently, Wall Street analysts expect the stock to reach $7.75 within the next 12 months. Lithium Americas (Argentina) Corp [NYSE: LAAC] shares were valued at $5.19 at the most recent close of the market. An investor can expect a potential return of 49.33% based on the average LAAC price forecast.
Analyzing the LAAC fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at 1.23, Equity is 1.18 and Total Capital is -0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.24.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 5.08 points at the first support level, and at 4.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.31, and for the 2nd resistance point, it is at 5.42.
Ratios To Look Out For
It’s worth pointing out that Lithium Americas (Argentina) Corp [NYSE:LAAC]’s Current Ratio is 9.16. In addition, the Quick Ratio stands at 9.16 and the Cash Ratio stands at 8.39.
