Lithium Americas (Argentina) Corp (NYSE:LAAC) price closed lower on Friday, March 22, dropping -2.72% below its previous close.
A look at the daily price movement shows that the last close reads $5.14. The company’s 5Y monthly beta was ticking 1.67. Taking into account the 52-week price action we note that the stock hit a 52-week high of $9.39 and 52-week low of $3.84. The stock added 25.63% on its value in the past month.
Lithium Americas (Argentina) Corp, which has a market valuation of $802.50 million, is expected to release its quarterly earnings report May 13, 2024 – May 17, 2024. Analysts tracking LAAC have forecast the quarterly EPS to grow by 0.07 per share this quarter, while the same analysts predict the annual EPS to hit $0.39 for the year 2024 and up to $0.87 for 2025. In this case, analysts estimate an annual EPS growth of -95.10% for the year and 123.10% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $18.5 million, with the likely lows of $18.5 million and highs of $18.5 million. Staying with the analyst view, there is a consensus estimate of $254.08 million for the company’s annual revenue in 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews.
The overview shows that LAAC’s price is at present 2.79% off the SMA20 and 6.76% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 53.66, with weekly volatility standing at 9.62%. The indicator jumps to 6.85% when calculated based on the past 30 days. Lithium Americas (Argentina) Corp (NYSE:LAAC)’s beta value is holding at 1.30, while the average true range (ATR) indicator is currently reading 0.34.
An analysis of the Lithium Americas (Argentina) Corp (NYSE:LAAC) stock in terms of its daily trading volume indicates that the 3-month average is 1.78 million. However, this figure increases on the past 10-day timeline to an average of 1.91 million.
Current records show that the company has 160.68M in outstanding shares. The insiders’ percentage holdings are 24.88% of outstanding shares while the percentage share held by institutions stands at 22.06%. The stats also highlight that short interest as of Feb 29, 2024, stood at 11.16 million shares, which puts the short ratio at the time at 6.07. From this we can glean that short interest is 7.59% of company’s current outstanding shares. Notably, we see that shares short in February fall slightly given the previous month’s figure stood at 13.25 million. But the -20.89% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
