Free Trial

Lithium Americas (Argentina) (NYSE:LAAC) Stock Price Down 5.3% - What's Next?

Lithium Americas (Argentina) logo with Basic Materials background

Key Points

  • Lithium Americas (Argentina) shares fell by 5.3% to $2.70, with trading volume increasing by 39% compared to its average daily volume.
  • The company has a market capitalization of $437.22 million and a notably low price-to-earnings ratio of 0.35, indicating potential undervaluation.
  • Institutional investors hold 49.17% of the company's stock, with several hedge funds increasing their stakes in the fourth quarter.
  • Looking to export and analyze Lithium Americas (Argentina) data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Lithium Americas (Argentina) Corp. (NYSE:LAAC - Get Free Report)'s stock price was down 5.3% on Friday . The stock traded as low as $2.69 and last traded at $2.70. Approximately 1,994,654 shares changed hands during trading, an increase of 39% from the average daily volume of 1,432,022 shares. The stock had previously closed at $2.85.

Lithium Americas (Argentina) Stock Performance

The firm has a 50 day moving average of $2.29 and a 200-day moving average of $2.26. The stock has a market capitalization of $438.84 million, a PE ratio of 0.35 and a beta of 1.35.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC lifted its stake in shares of Lithium Americas (Argentina) by 12.0% in the 4th quarter. Barclays PLC now owns 103,522 shares of the company's stock valued at $271,000 after purchasing an additional 11,084 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Lithium Americas (Argentina) during the fourth quarter worth $62,000. Wells Fargo & Company MN raised its holdings in Lithium Americas (Argentina) by 67.8% during the fourth quarter. Wells Fargo & Company MN now owns 221,772 shares of the company's stock valued at $581,000 after buying an additional 89,591 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Lithium Americas (Argentina) by 6.1% in the fourth quarter. Legal & General Group Plc now owns 227,215 shares of the company's stock worth $597,000 after buying an additional 13,031 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Lithium Americas (Argentina) by 439.3% in the fourth quarter. American Century Companies Inc. now owns 103,603 shares of the company's stock worth $272,000 after buying an additional 84,391 shares during the last quarter. 49.17% of the stock is owned by hedge funds and other institutional investors.

About Lithium Americas (Argentina)

(Get Free Report)

Lithium Americas (Argentina) Corp. operates as a resource company. The company explores for lithium deposits. The company owns interests in the Cauchari-Olaroz project located in Jujuy province of Argentina. It also has a pipeline of development and exploration stage projects, including the Pastos Grandes project and the Sal de la Puna project located in Salta Province in northwestern Argentina.

Read More

Should You Invest $1,000 in Lithium Americas (Argentina) Right Now?

Before you consider Lithium Americas (Argentina), you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lithium Americas (Argentina) wasn't on the list.

While Lithium Americas (Argentina) currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Elon Musk's Next Move Cover

Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

The Market’s Next Big Winners? Start Here
5 High Short Interest Stocks to Buy Before November
HUGE Upside Ahead: The Fastest Growing ETFs in the Market

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines