Lithium Argentina AG (NYSE:LAR) does about 1.14M shares in volume on a normal day but saw 1128393 shares change hands in the recent trading day. The company now has a market cap of 387.01M USD. Its current market price is $2.39, marking a decrease of -5.16% compared to the previous close of $2.52. The 52 week high reached by this stock is $5.79 whilst the lowest price level in 52 weeks is $2.07.
Lithium Argentina AG (LAR) has a 20-day trading average at $2.70 and the current price is -58.72% off the 52-week high compared with 15.46% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.87 and its 200-day simple moving average is $3.31. If we look at the stock’s price movements over the week, volatility stands at 4.59%, which increases to 4.87% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 32.39 to suggest the stock is neutral.
The consensus objective for the share price is $5.06, suggesting that the stock has a potential upside of 52.77% over the period.
Scotiabank also upgraded the stock to “Sector Outperform” from Sector Perform on March 22, 2024 at a price target of $8. Deutsche Bank downgraded its price target at $9-$6.50.
The current price level is -11.42%, -16.71%, and -27.81% away from its SMA20, SMA50, and SMA200 respectively, with the LAR price moving above the 50-day SMA on current market day. Lithium Argentina AG (LAR) stock is down -7.36% over the week and -17.30% over the past month. Its price is -8.78% year-to-date and -41.99% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at -0.03 and -0.08 for whole year.
To reach the target analysts have set, the stock logically needs to grow 52.77 percent from here.
Outstanding shares total 161.92M with insiders holding 5.27% of the shares and institutional holders owning 30.77% of the company’s common stock. The company has a return on investment of 120.90% and return on equity of -1.10%. The price to earnings ratio (P/E ratio) amounts to 0.31 while the forward price to earnings ratio is 51.49. The beta has a value of 1.48. Price to book ratio is 0.47.
