Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
Lithium Argentina AG (NYSE: LAR) closed the day trading at $4.73 down -1.46% from the previous closing price of $4.8. In other words, the price has decreased by -$1.46 from its previous closing price. On the day, 1.41 million shares were traded. LAR stock price reached its highest trading level at $4.9641 during the session, while it also had its lowest trading level at $4.6642.
Ratios:
For a better understanding of LAR, let’s look at its different 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 767972288 and an Enterprise Value of 993984000.
Stock Price History:
The Beta on a monthly basis for LAR is 1.13, which has changed by 0.7647059 over the last 52 weeks, in comparison to a change of 0.16081822 over the same period for the S&P500. Over the past 52 weeks, LAR has reached a high of $5.83, while it has fallen to a 52-week low of $1.71. The 50-Day Moving Average of the stock is 0.98%, while the 200-Day Moving Average is calculated to be 54.46%.
Shares Statistics:
Over the past 3-months, LAR traded about 3.76M shares per day on average, while over the past 10 days, LAR traded about 2522110 shares per day. 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 1764288000 were 7714845 with a Short Ratio of 2.05, compared to 1761868800 on 9742113. Therefore, it implies a Short% of Shares Outstanding of 7714845 and a Short% of Float of 4.99.
