The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
In the latest session, Lithium Argentina AG (NYSE: LAR) closed at $5.14 down -1.72% from its previous closing price of $5.23. In other words, the price has decreased by -$1.72 from its previous closing price. On the day, 1.65 million shares were traded. LAR stock price reached its highest trading level at $5.4599 during the session, while it also had its lowest trading level at $5.12.
Ratios:
For a deeper understanding of Lithium Argentina AG’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.34 and its Current Ratio is at 0.34. In the meantime, Its Debt-to-Equity ratio is 0.29 whereas as Long-Term Debt/Eq ratio is at 0.00.
On March 22, 2024, Scotiabank Upgraded its rating to Sector Outperform which previously was Sector Perform but kept the price unchanged to $8.
Deutsche Bank Downgraded its Buy to Hold on January 11, 2024, whereas the target price for the stock was revised from $9 to $6.50.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LAR now has a Market Capitalization of 834540672 and an Enterprise Value of 1060526976.
Stock Price History:
The Beta on a monthly basis for LAR is 1.12, which has changed by 0.5864197 over the last 52 weeks, in comparison to a change of 0.13506866 over the same period for the S&P500. Over the past 52 weeks, LAR has reached a high of $5.68, while it has fallen to a 52-week low of $1.71. The 50-Day Moving Average of the stock is 14.63%, while the 200-Day Moving Average is calculated to be 73.57%.
Shares Statistics:
For the past three months, LAR has traded an average of 3.64M shares per day and 2409420 over the past ten days. A total of 162.36M shares are outstanding, with a floating share count of 119.59M. Insiders hold about 26.31% of the company’s shares, while institutions hold 21.87% stake in the company. Shares short for LAR as of 1763078400 were 8887563 with a Short Ratio of 2.44, compared to 1760486400 on 8879984. Therefore, it implies a Short% of Shares Outstanding of 8887563 and a Short% of Float of 5.75.
