Loop Media Inc [AMEX: LPTV] stock went on an upward path that rose over 32.65% on Monday, amounting to a one-week price increase of more than 2.36%.
Over the last 12 months, LPTV stock dropped by -93.37%. The one-year Loop Media Inc stock forecast points to a potential upside of 84.0. The average equity rating for LPTV stock is currently 1.00, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $12.36 million, with 65.62 million shares outstanding and 38.60 million shares in the current float. Compared to the average trading volume of 4.20M shares, LPTV stock reached a trading volume of 48918043 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 0.02, with the Price to Sales ratio for LPTV stock in the period of the last 12 months amounting to 0.48.
LPTV Stock Performance Analysis:
Loop Media Inc [LPTV] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.36. With this latest performance, LPTV shares dropped by -1.64% in over the last four-week period, additionally sinking by -78.79% over the last 6 months – not to mention a drop of -93.37% 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 51.58, with the RSI for the last a single of trading hit 56.13, and the three-weeks RSI is set at 47.89 for Loop Media Inc [LPTV]. The present Moving Average for the last 50 days of trading for this stock 0.1707, while it was recorded at 0.1413 for the last single week of trading, and 0.4477 for the last 200 days.
Insight into Loop Media Inc 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] Institutonal Ownership Details
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%.
