Largo Inc (LGO)’s Market Momentum: Closing Strong at 0.94, Up 1.54

Ulysses Smith

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As of close of business last night, Largo Inc’s stock clocked out at $0.94, up 1.54% from its previous closing price of $0.92. In other words, the price has increased by $1.54 from its previous closing price. On the day, 0.53 million shares were traded. LGO stock price reached its highest trading level at $0.9597 during the session, while it also had its lowest trading level at $0.9.

Ratios:

To gain a deeper understanding of LGO’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.20 and its Current Ratio is at 0.50. In the meantime, Its Debt-to-Equity ratio is 0.81 whereas as Long-Term Debt/Eq ratio is at 0.08.

Upgrades & Downgrades

In the most recent recommendation for this company, Noble Capital Markets on February 07, 2023, initiated with a Outperform rating and assigned the stock a target price of $11.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LGO now has a Market Capitalization of 78080968 and an Enterprise Value of 182304944. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.70 while its Price-to-Book (P/B) ratio in mrq is 0.46. Its current Enterprise Value per Revenue stands at 1.629 whereas that against EBITDA is 18.671.

Stock Price History:

The Beta on a monthly basis for LGO is 1.53, which has changed by -0.480663 over the last 52 weeks, in comparison to a change of 0.15196204 over the same period for the S&P500. Over the past 52 weeks, LGO has reached a high of $2.70, while it has fallen to a 52-week low of $0.85. The 50-Day Moving Average of the stock is -9.16%, while the 200-Day Moving Average is calculated to be -32.33%.

Shares Statistics:

It appears that LGO traded 1.37M shares on average per day over the past three months and 447890 shares per day over the past ten days. A total of 64.13M shares are outstanding, with a floating share count of 50.02M. Insiders hold about 39.97% of the company’s shares, while institutions hold 16.72% stake in the company. Shares short for LGO as of 1765756800 were 1128098 with a Short Ratio of 0.82, compared to 1763078400 on 1371829.

Earnings Estimates

Analysts are recommending an EPS of between -$0.84 and -$0.84 for the fiscal current year, implying an average EPS of -$0.84. EPS for the following year is -$0.12, with 1.0 analysts recommending between -$0.12 and -$0.12.

Revenue Estimates

A total of 1 analysts have provided revenue estimates for LGO’s current fiscal year. The highest revenue estimate was $166.47M, while the lowest revenue estimate was $166.47M, resulting in an average revenue estimate of $166.47M. In the same quarter a year ago, actual revenue was $178.48MBased on 1 analysts’ estimates, the company’s revenue will be $229.53M in the next fiscal year. The high estimate is $229.53M and the low estimate is $229.53M.

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