Lithium Argentina AG (NYSE:LAR) does about 900.57K shares in volume on a normal day but saw 1921253 shares change hands in the recent trading day. The company now has a market cap of 280.21M USD. Its current market price is $1.73, marking a decrease of -3.35% compared to the previous close of $1.79. The 52 week high reached by this stock is $4.60 whilst the lowest price level in 52 weeks is $1.73.
The consensus objective for the share price is $4.24, suggesting that the stock has a potential upside of 59.2% 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 -11.17%, -15.22%, and -35.03% 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 -4.95% over the week and -15.61% over the past month. Its price is -33.97% year-to-date and -62.31% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at -0.03 and -0.07 for whole year.
To reach the target analysts have set, the stock logically needs to grow 59.2 percent from here.
Outstanding shares total 161.97M with insiders holding 24.06% of the shares and institutional holders owning 20.63% of the company’s common stock. The company has a return on investment of -1.48% and return on equity of -1.49%. The forward price to earnings ratio is 8.36. The beta has a value of 1.11. Price to book ratio is 0.34.
