Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The closing price of Lithium Argentina AG (NYSE: LAR) was $3.62 for the day, down -1.36% from the previous closing price of $3.67. In other words, the price has decreased by -$1.36 from its previous closing price. On the day, 3.24 million shares were traded. LAR stock price reached its highest trading level at $3.755 during the session, while it also had its lowest trading level at $3.52.
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 0.53 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 590284416 and an Enterprise Value of 802410368.
Stock Price History:
The Beta on a monthly basis for LAR is 0.99, which has changed by 0.4251969 over the last 52 weeks, in comparison to a change of 0.18157876 over the same period for the S&P500. Over the past 52 weeks, LAR has reached a high of $3.96, while it has fallen to a 52-week low of $1.71. The 50-Day Moving Average of the stock is 49.66%, while the 200-Day Moving Average is calculated to be 42.08%.
Shares Statistics:
LAR traded an average of 1.40M shares per day over the past three months and 2283610 shares per day over the past ten days. A total of 162.36M shares are outstanding, with a floating share count of 118.06M. Insiders hold about 27.11% of the company’s shares, while institutions hold 16.45% stake in the company. Shares short for LAR as of 1753920000 were 9380852 with a Short Ratio of 6.69, compared to 1751241600 on 10514101. Therefore, it implies a Short% of Shares Outstanding of 9380852 and a Short% of Float of 6.0900003.
Earnings Estimates
The current market rating for Lithium Argentina AG (LAR) reflects the collective analysis of 3.0 analysts closely monitoring its performance.The consensus estimate for the next quarter is $0.0, with high estimates of $0.04 and low estimates of -$0.04.
Analysts are recommending an EPS of between $0.02 and -$0.15 for the fiscal current year, implying an average EPS of -$0.06. EPS for the following year is $0.1, with 6.0 analysts recommending between $0.37 and -$0.1.
