Lithium Argentina AG (LAR) Is On The Launchpad, Waiting For Long-Term Buyers.

Lithium Argentina AG (NYSE:LAR) concluded the trading at $2.63 on Wednesday, January 29 with a fall of -3.66% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $2.73 and 5Y monthly beta was reading 1.728 with its price kept floating in the range of $2.59 and $2.74 on the day. Company’s P/E ratio for the trailing 12 months is 0.34. Considering stock’s 52-week price range provides that LAR hit a high price of $5.79 and saw its price falling to a low level of $2.07 during that period. Over a period of past 1-month, stock came subtracting -6.07% in its value.

With its current market valuation of $425.88 million, Lithium Argentina AG is set to declare its quarterly results in February. Analysts are in estimates of -0.03 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to -0.08 for current year with estimates of that growing to 0.02 in next year.

In contrast, when we review LAR stock’s current outlook then short term indicators are assigning it an average of 100% Sell, while medium term indicators are categorizing the stock at an average of 100% Sell. Long term indicators are suggesting an average of 100% Sell for it.

Digging deeper we become aware of the PEG ratio of the LAR stock which is currently positioned at 0. It further provides that stock’s current price level is -7.70% away from its 20-day simple moving average and is -12.15% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 37.54 while volatility remained at 5.55% over the past week which changes to 5.06% when measuring it over the past month. Beta is valued at 1.36, while measure of average true range or ATR is currently at 0.15.

Having a second look at Lithium Argentina AG (NYSE:LAR) provides that stock’s average daily trading volume for 3 months was 1.24 million, while it jumped to 1078200 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 161.92 million.

The percentage of outstanding shares held by the insiders is 16.02% while it is 19.65% for the institutional holders. In January the standing of shares short improved as it was 11.14 million in the previous month. Addition of 0.38% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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