Lithium Americas (Argentina) Corp [LAAC] stock prices are down -1.22% to $3.24 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The LAAC shares have gain 30.65% over the last week, with a monthly amount glided 27.06%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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.
The stock price of Lithium Americas (Argentina) Corp [LAAC] has been fluctuating between $2.07 and $8.14 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 $3.24 at the most recent close of the market. An investor can expect a potential return of 56.79% 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 of0.49.
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 3.14 points at the first support level, and at 3.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.40, and for the 2nd resistance point, it is at 3.56.
Ratios To Look Out For
It’s worth pointing out that Lithium Americas (Argentina) Corp [NYSE:LAAC]’s Current Ratio is 5.03. Further, the Quick Ratio stands at 5.03, while the Cash Ratio is 4.31.
