Currently, Largo Inc [LGO] is trading at $1.38, up 3.76%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The LGO shares have gain 10.40% over the last week, with a monthly amount drifted -1.43%, 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.
This stock has fluctuated between a low of $1.12 and a high of $2.84 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $4.4 within the next 12 months. Largo Inc [NASDAQ: LGO] shares were valued at $1.38 at the most recent close of the market. An investor can expect a potential return of 218.84% based on the average LGO price forecast.
Analyzing the LGO fundamentals
Trailing Twelve Months sales for Largo Inc [NASDAQ:LGO] were 110.97M which represents -33.07% decline. Gross Profit Margin for this corporation currently stands at -0.17% with Operating Profit Margin at -0.36%, Pretax Profit Margin comes in at -0.57%, and Net Profit Margin reading is -0.4%. To continue investigating profitability, this company’s Return on Assets is posted at -0.16, Equity is -0.25 and Total Capital is -0.22. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.11.
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 1.3433 points at the first support level, and at 1.3067 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.4033, and for the 2nd resistance point, it is at 1.4267.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Largo Inc [NASDAQ:LGO] is 0.56. Also, the Quick Ratio is 0.27, while the Cash Ratio stands at 0.19. Considering the valuation of this stock, the price to sales ratio is 0.80, the price to book ratio is 0.54.
