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Sunday, December 3, 2023

Is Lithium Americas (Argentina) Corp (NYSE: LAAC) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Lithium Americas (Argentina) Corp (LAAC) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.0496, or 0.82%, to $6.1196. The Lithium Americas (Argentina) Corp has recorded 7,352 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Lithium Argentina Reports Third Quarter 2023 Results.

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Stocks Info

LAAC belongs to the Basic Materials sector of the NYSE while operating in the Other Industrial Metals & Mining industry. At the end of the last regular session, the stock closed at $6.07 and fluctuated between $6.52 as its day high and $5.93 as its day low. The current market capitalization of Lithium Americas (Argentina) Corp is $970.59M. A total of 1.17 million shares were traded on the day, compared to an average of 3.69M shares.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for LAAC in the last 3 months, the mean price target is $13.24 with high estimates of $31.00 and low estimates of $5.40. In terms of 52-week highs and lows, LAAC has a high of $11.87 and a low of $5.07.

As of this writing, LAAC has an earnings estimate of $0.05 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.44 per share and a lower estimate of -$0.09. The company reported an EPS of -$0.04 in the last quarter, which was 73.30% higher than expectations of -$0.15.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. LAAC’s latest balance sheet shows that the firm has $510.61M in Cash & Short Term Investments as of fiscal 2021. There were $264.98M in debt and $8.26M in liabilities at the time. Its Book Value Per Share was $7.79, while its Total Shareholder’s Equity was $536.32M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock.

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