Lithium Argentina AG (NYSE:LAR) currently has a daily average trading volume of 1.12M but it saw 973328 shares traded in last market. With a market cap of 419.40M USD, the company’s current market price of $2.59 came rising about 1.57 while comparing to the previous closing price of $2.55. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.79 and as low as $2.07.
Taking a look at 20-day trading activity of Lithium Argentina AG (LAR) gives us an average price of $2.60, while its current price level is -55.27% below from 52-week high level whereas it is 25.12% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $2.79 while that of 200 days or SMA-200 reads an average of $3.23. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.78% during that period while stretching the period over a month that increases to 5.36%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 46.18 which implies that the stock is in neutral territory.
Scotiabank upgraded its recommendation for the stock as a “Sector Outperform” from “Sector Perform” on March 22, 2024 while assigning a price target of $8. Deutsche Bank issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $9 and $6.50.
Over the week, LAR’s stock price is moving 3.19% up while it is -9.44% when we observe its performance for the past one month. Year-to-date it is -1.15% down and over the past year, the stock is showing a downside performance of -39.91%.
The company is expected to be releasing its next quarterly report in March, for which analysts forecasted an EPS of -0.03 while estimate for next year EPS is -0.08.
Currently, Lithium Argentina AG’s total number of outstanding shares is 161.92M with 14.57% of that held by the insiders while 23.21% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 120.90% and return on equity (ROE) at -1.10%. It has a price to earnings ratio (P/E ratio) of 0.33 while having a 56.12 of forward P/E ratio. Stock’s beta reads 1.47. Stock has a price to book (P/B) ratio of 0.50. Its return on asset (ROA) is -0.88% on average.
