Lithium Americas (Argentina) Corp (NYSE:LAAC) shares, rose in value, with the stock price down by -3.35% to the previous day’s close as strong demand from buyers drove the stock to $4.90.
Actively observing the price movement in the last trading, the stock closed the session at $5.07. Referring to stock’s 52-week performance, its high was $9.39, and the low was $3.84. On the whole, LAAC has fluctuated by -1.80% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 232.17M, with a low estimate of 18.5M and a high estimate of 18.5M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 18.5M.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of LAAC currently trading nearly -6.71% and -0.24% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.87, while the 7-day volatility ratio is showing 5.38% which for the 30-day chart, stands at 5.32%. Furthermore, Lithium Americas (Argentina) Corp (LAAC)’s beta value is 1.33, and its average true range (ATR) is 0.29.
A comparison of Lithium Americas (Argentina) Corp (LAAC) with its peers suggests the former has fared considerably weaker in the market. LAAC showed an intraday change of -3.35% in last session, and over the past year, it shrunk by -40.41%%.
Data on historical trading for Lithium Americas (Argentina) Corp (NYSE:LAAC) indicates that the trading volumes over the past 3 months, they’ve averaged 1.72 million. According to company’s latest data on outstanding shares, there are 160.68 million shares outstanding.
Nearly 24.63% of Lithium Americas (Argentina) Corp’s shares belong to company insiders and institutional investors own 21.78% of the company’s shares. The stock has fallen by -22.47% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LAAC stock heading into the next quarter.
