On November 20, 2023, Lithium Americas (Argentina) Corp (NYSE: LAAC) opened at $5.89, higher 5.55% from the last session. During the day, the shares moved up to $6.28 and dropped to $5.72 before settling in for the closing price of $5.59. Price fluctuations for LAAC have ranged from $5.07 to $10.86 over the past 52 weeks.
Basic Materials Sector giant saw their annual sales slid by -20.00% over the last five years. Company’s average yearly earnings per share was noted 145.16% at the time writing. With a float of $120.58 million, this company’s outstanding shares have now reached $135.03 million.
The firm has a total of 137 workers. Let’s measure their productivity.
Lithium Americas (Argentina) Corp (LAAC) Insider Activity
A key investor’s attitude towards the stock of the Other Industrial Metals & Mining industry is another important factor to consider. The insider ownership of Lithium Americas (Argentina) Corp is 24.88%, while institutional ownership is 19.69%.
Lithium Americas (Argentina) Corp (LAAC) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 9/29/2023, the company posted $0.04 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $0.04) by $0. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.01 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 145.16% per share during the next fiscal year.
Lithium Americas (Argentina) Corp (NYSE: LAAC) Trading Performance Indicators
Check out the current performance indicators for Lithium Americas (Argentina) Corp (LAAC). In the past quarter, the stock posted a quick ratio of 10.13.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.11, a number that is poised to hit 0.04 in the next quarter and is forecasted to reach 0.63 in one year’s time.
Technical Analysis of Lithium Americas (Argentina) Corp (LAAC)
Analysing the last 5-days average volume posted by the [Lithium Americas (Argentina) Corp, LAAC], we can find that recorded value of 1.59 million was lower than the volume posted last year of 1.63 million. As of the previous 9 days, the stock’s Stochastic %D was 23.78%. Additionally, its Average True Range was 0.45.
Now, the first resistance to watch is $6.21. This is followed by the second major resistance level at $6.53. The third major resistance level sits at $6.77. If the price goes on to break the first support level at $5.65, it is likely to go to the next support level at $5.41. Should the price break the second support level, the third support level stands at $5.09.
Lithium Americas (Argentina) Corp (NYSE: LAAC) Key Stats
There are currently 160,000K shares outstanding in the company with a market cap of 946.95 million. Presently, the company’s annual sales total 0 K according to its annual income of -93,568 K. Last quarter, the company’s sales amounted to 0 K and its income totaled 6,621 K.