Lithium Americas (Argentina) Corp [LAAC] stock is trading at $2.79, up 1.09%. 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 gain 5.68% over the last week, with a monthly amount drifted -10.29%, and not 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 August 14, 2024, when HSBC Securities upgraded its rating to a Buy. Previously, Scotiabank upgraded its rating to Sector Outperform on March 22, 2024, and kept the price target unchanged to $8. On January 11, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $6.50 on the stock. Canaccord Genuity upgraded its rating to a Buy. Deutsche Bank initiated its recommendation with a Buy and recommended $11 as its price target on October 18, 2023. Stifel started tracking with a Buy rating for this stock on October 05, 2023, and assigned it a price target of $18.50. In a note dated October 05, 2023, Scotiabank initiated an Sector Perform rating and provided a target price of $10 on this stock.
Lithium Americas (Argentina) Corp [LAAC] stock has fluctuated between $2.26 and $8.62 over the past year. Currently, Wall Street analysts expect the stock to reach $5.08 within the next 12 months. Lithium Americas (Argentina) Corp [NYSE: LAAC] shares were valued at $2.79 at the most recent close of the market. An investor can expect a potential return of 82.08% based on the average LAAC price forecast.
Analyzing the LAAC fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at 1.21, Equity is 1.35 and Total Capital is -0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.24.
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 2.72 points at the first support level, and at 2.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.84, and for the 2nd resistance point, it is at 2.89.
Ratios To Look Out For
For context, Lithium Americas (Argentina) Corp’s Current Ratio is 5.03. In addition, the Quick Ratio stands at 5.03 and the Cash Ratio stands at 4.31.
