HC Wainwright Has Lowered Expectations for Largo (NYSE:LGO) Stock Price

Largo (NYSE:LGO) had its price objective cut by HC Wainwright from $4.40 to $4.20 in a report released on Thursday morning,Benzinga reports. They currently have a buy rating on the stock. HC Wainwright also issued estimates for Largo’s FY2025 earnings at $0.11 EPS.

Largo Price Performance

NYSE:LGO opened at $1.95 on Thursday. The firm has a market cap of $125.01 million, a price-to-earnings ratio of -2.44 and a beta of 1.75. The company has a current ratio of 1.67, a quick ratio of 1.23 and a debt-to-equity ratio of 0.34. The company’s 50-day moving average is $2.01 and its two-hundred day moving average is $1.93. Largo has a 12-month low of $1.38 and a 12-month high of $2.84.

Largo (NYSE:LGO) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.07). The company had revenue of $29.91 million for the quarter. Largo had a negative return on equity of 22.61% and a negative net margin of 35.10%. During the same quarter in the prior year, the firm posted ($0.19) EPS. Research analysts expect that Largo will post -0.57 EPS for the current year.

Institutional Trading of Largo

Several large investors have recently bought and sold shares of LGO. Herr Investment Group LLC acquired a new stake in Largo in the second quarter valued at approximately $370,000. XTX Topco Ltd acquired a new stake in shares of Largo during the third quarter worth approximately $32,000. Finally, Renaissance Technologies LLC grew its position in shares of Largo by 19.9% during the second quarter. Renaissance Technologies LLC now owns 43,900 shares of the company’s stock worth $81,000 after buying an additional 7,300 shares in the last quarter. Institutional investors and hedge funds own 64.08% of the company’s stock.

Largo Company Profile

Largo Inc engages in the development and sale of vanadium-based energy storage systems in Canada. The company operates through, Sales & Trading, Mine Properties, Corporate, Exploration and Evaluation Properties, and Largo Clean Energy and Largo Physical Vanadium Segments. Its products include VPURE+ vanadium flakes that are used in the production of master alloys and aerospace applications; VPURE vanadium flakes ferrovanadium and vanadium carbon nitride for the steel industry; and VPURE+ vanadium powder for catalyst applications.