Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
As of close of business last night, Lithium Argentina AG’s stock clocked out at $3.53, up 6.01% from its previous closing price of $3.33. In other words, the price has increased by $6.01 from its previous closing price. On the day, 1.95 million shares were traded. LAR stock price reached its highest trading level at $3.55 during the session, while it also had its lowest trading level at $3.4.
Ratios:
To gain a deeper understanding of LAR’s stock, we examine its different 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 574422784 and an Enterprise Value of 789075968.
Stock Price History:
The Beta on a monthly basis for LAR is 1.23, which has changed by 0.6342592 over the last 52 weeks, in comparison to a change of 0.18469036 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 22.77%, while the 200-Day Moving Average is calculated to be 39.20%.
Shares Statistics:
It appears that LAR traded 1.49M shares on average per day over the past three months and 1296940 shares per day over the past ten days. A total of 162.36M shares are outstanding, with a floating share count of 118.04M. Insiders hold about 27.27% of the company’s shares, while institutions hold 17.08% stake in the company. Shares short for LAR as of 1755216000 were 8201942 with a Short Ratio of 5.50, compared to 1752537600 on 9618868. Therefore, it implies a Short% of Shares Outstanding of 8201942 and a Short% of Float of 5.3100000000000005.
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 $0.04 and low estimates of -$0.04.
Analysts are recommending an EPS of between -$0.01 and -$0.15 for the fiscal current year, implying an average EPS of -$0.07. EPS for the following year is $0.06, with 6.0 analysts recommending between $0.27 and -$0.1.
