Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
Lithium Argentina AG (NYSE: LAR) closed the day trading at $6.09 up 1.84% from the previous closing price of $5.98. In other words, the price has increased by $1.84 from its previous closing price. On the day, 3.48 million shares were traded. LAR stock price reached its highest trading level at $6.157 during the session, while it also had its lowest trading level at $5.8202.
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 988784576 and an Enterprise Value of 1214712064.
Stock Price History:
The Beta on a monthly basis for LAR is 1.22, which has changed by 0.9478828 over the last 52 weeks, in comparison to a change of 0.16067612 over the same period for the S&P500. Over the past 52 weeks, LAR has reached a high of $6.00, while it has fallen to a 52-week low of $1.71. The 50-Day Moving Average of the stock is 24.28%, while the 200-Day Moving Average is calculated to be 87.03%.
Shares Statistics:
Over the past 3-months, LAR traded about 3.78M shares per day on average, while over the past 10 days, LAR traded about 3397820 shares per day. A total of 162.36M shares are outstanding, with a floating share count of 120.30M. Insiders hold about 25.88% of the company’s shares, while institutions hold 21.87% stake in the company. Shares short for LAR as of 1765756800 were 8384744 with a Short Ratio of 2.22, compared to 1763078400 on 8887563. Therefore, it implies a Short% of Shares Outstanding of 8384744 and a Short% of Float of 5.42.
Earnings Estimates
Lithium Argentina AG (LAR) is presently subject to a detailed evaluation by 3.0 analysts, each offering their unique perspectives on its market standing.The consensus estimate for the next quarter is -$0.0, with high estimates of $0.03 and low estimates of -$0.02.
Analysts are recommending an EPS of between -$0.37 and -$0.48 for the fiscal current year, implying an average EPS of -$0.44. EPS for the following year is $0.14, with 5.0 analysts recommending between $0.22 and $0.08.
