Lithium Americas (Argentina) Corp (NYSE: LAAC) May Be Attracting Institutional Investments

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. Earlier, Yahoo Finance discussed this stock as it revealed Lithium Argentina Reports Fourth Quarter and Full Year 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. The current market capitalization of Lithium Americas (Argentina) Corp is $900.48M. A total of 1.23 million shares were traded on the day, compared to an average of 1.84M 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. In terms of 52-week highs and lows, LAAC has a high of $9.39 and a low of $3.84.

As of this writing, LAAC has an earnings estimate of $0.08 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.25 per share and a lower estimate of -$0.03.

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 $5.16, 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. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for LAAC is Buy with a score of 4.55.

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