The price of LGO is predicted to go up -11.42%, based on the high correlation periods with BORR. The similarity of these two price pattern on the periods is 95.17%.

LGO

BORR

Down: -11.42%Similarity: 95.17%

LGO Revenue Forecast

LGO EPS Forecast

LGO FAQs

What is bull’s view on LGO?

LGO stock is currently trading at $1.7543. Analysts maintain a bullish view with a price target of $4.20, implying a 147% upside, driven by strong buy ratings and potential recovery in the metals and mining sector. However, recent earnings underperformance (-$0.23 EPS vs. -$0.10 expected) may weigh on short-term sentiment.

What is bear's view on LGO?

LGO stock currently faces bearish sentiment due to its weak financial performance, including a Q2 2024 EPS miss at -$0.23 versus an expected -$0.10, and declining revenue of $28.56M. The stock's recent price of $1.70 reflects a lack of investor confidence, compounded by sector-wide challenges in metals and mining. Despite a "Strong Buy" rating from HC Wainwright with a $4.20 target, the stock's near-term outlook remains pressured by operational inefficiencies and market headwinds.