Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
In the latest session, Lithium Argentina AG (NYSE: LAR) closed at $4.02 down -4.51% from its previous closing price of $4.21. In other words, the price has decreased by -$4.51 from its previous closing price. On the day, 3.4 million shares were traded. LAR stock price reached its highest trading level at $4.23 during the session, while it also had its lowest trading level at $3.885.
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 0.53 and its Current Ratio is at 0.53. In the meantime, Its Debt-to-Equity ratio is 0.27 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 657685056 and an Enterprise Value of 868603008.
Stock Price History:
The Beta on a monthly basis for LAR is 1.19, which has changed by 0.19602275 over the last 52 weeks, in comparison to a change of 0.18286073 over the same period for the S&P500. Over the past 52 weeks, LAR has reached a high of $5.47, while it has fallen to a 52-week low of $1.71. The 50-Day Moving Average of the stock is 5.12%, while the 200-Day Moving Average is calculated to be 47.80%.
Shares Statistics:
For the past three months, LAR has traded an average of 3.06M shares per day and 3102960 over the past ten days. A total of 162.36M shares are outstanding, with a floating share count of 117.23M. Insiders hold about 27.77% of the company’s shares, while institutions hold 17.07% stake in the company. Shares short for LAR as of 1760486400 were 8879984 with a Short Ratio of 2.91, compared to 1757894400 on 8496470. Therefore, it implies a Short% of Shares Outstanding of 8879984 and a Short% of Float of 5.75.
Earnings Estimates
The performance of Lithium Argentina AG (LAR) in the stock market is under the watchful eye of 3.0 analysts actively contributing to its current rating.The consensus estimate for the next quarter is -$0.0, with high estimates of $0.01 and low estimates of -$0.01.
Analysts are recommending an EPS of between -$0.02 and -$0.11 for the fiscal current year, implying an average EPS of -$0.07. EPS for the following year is $0.12, with 7.0 analysts recommending between $0.38 and -$0.1.
