Loop Media Inc [AMEX: LPTV] surged by $0.04 during the normal trading session on while it closed the day at $0.14.
Loop Media Inc stock has also loss -16.42% of its value over the past 7 days. However, LPTV stock has declined by -56.65% in the 3 months of the year. Over the past six months meanwhile, it has lost -87.41% and lost -86.15% year-on date.
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The market cap for LPTV stock reached $10.95 million, with 65.62 million shares outstanding and 34.13 million shares in the current float. Compared to the average trading volume of 1.02M shares, LPTV reached a trading volume of 93644257 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Loop Media Inc [LPTV]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LPTV shares is $1.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LPTV stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
B. Riley Securities have made an estimate for Loop Media Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 09, 2023. While these analysts kept the previous recommendation, ROTH Capital raised their target price to Buy. The new note on the price target was released on October 17, 2022, representing the official price target for Loop Media Inc stock.
The Average True Range (ATR) for Loop Media Inc is set at 0.04, with the Price to Sales ratio for LPTV stock in the period of the last 12 months amounting to 0.43.
LPTV stock trade performance evaluation
Loop Media Inc [LPTV] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -16.42. With this latest performance, LPTV shares dropped by -40.02% in over the last four-week period, additionally sinking by -87.41% over the last 6 months – not to mention a drop of -94.46% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LPTV stock in for the last two-week period is set at 39.40, with the RSI for the last a single of trading hit 41.10, and the three-weeks RSI is set at 38.93 for Loop Media Inc [LPTV]. The present Moving Average for the last 50 days of trading for this stock 0.2238, while it was recorded at 0.1433 for the last single week of trading, and 0.4854 for the last 200 days.
Loop Media Inc [LPTV]: An insightful look at the core fundamentals
Loop Media Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.42 and a Current Ratio set at 0.42.
Loop Media Inc [LPTV]: Institutional Ownership
The top three institutional holders of LPTV stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in LPTV stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in LPTV stock with ownership which is approximately 5.1238%.
