Largo Inc [LGO] stock prices are down -4.76% to $1.80 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The LGO shares have gain 4.65% over the last week, with a monthly amount drifted -15.49%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Largo Inc [NASDAQ: LGO] stock has seen the most recent analyst activity on February 07, 2023, when Noble Capital Markets initiated its Outperform rating and assigned the stock a price target of $11. Previously, Morgan Stanley downgraded its rating to Equal-Weight on January 31, 2022.
The stock price of Largo Inc [LGO] has been fluctuating between $1.38 and $2.84 over the past year. Currently, Wall Street analysts expect the stock to reach $4.4 within the next 12 months. Largo Inc [NASDAQ: LGO] shares were valued at $1.80 at the most recent close of the market. An investor can expect a potential return of 144.44% based on the average LGO price forecast.
Analyzing the LGO fundamentals
The Largo Inc [NASDAQ:LGO] reported sales of 144.82M for trailing twelve months, representing a drop of -32.01%. Gross Profit Margin for this corporation currently stands at -0.1% with Operating Profit Margin at -0.32%, Pretax Profit Margin comes in at -0.47%, and Net Profit Margin reading is -0.34%. To continue investigating profitability, this company’s Return on Assets is posted at -0.14, Equity is -0.22 and Total Capital is -0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.48.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.7321 points at the first support level, and at 1.6643 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.8889, and for the 2nd resistance point, it is at 1.9779.
Ratios To Look Out For
It’s worth pointing out that Largo Inc [NASDAQ:LGO]’s Current Ratio is 1.67. On the other hand, the Quick Ratio is 0.81, and the Cash Ratio is 0.44. Considering the valuation of this stock, the price to sales ratio is 0.80, the price to book ratio is 0.60.
