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The closing price of Lithium Argentina AG (NYSE: LAR) was $5.56 for the day, up 1.46% from the previous closing price of $5.48. In other words, the price has increased by $1.46 from its previous closing price. On the day, 3.56 million shares were traded. LAR stock price reached its highest trading level at $5.7893 during the session, while it also had its lowest trading level at $5.47.
Ratios:
Our analysis of LAR’s different ratios will help us gain a deeper understanding of the company. 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 902732736 and an Enterprise Value of 1128692992.
Stock Price History:
The Beta on a monthly basis for LAR is 1.12, which has changed by 0.95714283 over the last 52 weeks, in comparison to a change of 0.13927746 over the same period for the S&P500. Over the past 52 weeks, LAR has reached a high of $5.86, while it has fallen to a 52-week low of $1.71. The 50-Day Moving Average of the stock is 17.96%, while the 200-Day Moving Average is calculated to be 77.22%.
Shares Statistics:
LAR traded an average of 3.92M shares per day over the past three months and 3470660 shares per day over the past ten days. A total of 162.36M shares are outstanding, with a floating share count of 119.67M. Insiders hold about 26.27% 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 1.97, compared to 1761868800 on 9742113. Therefore, it implies a Short% of Shares Outstanding of 7714845 and a Short% of Float of 4.99.
