Loop Industries Inc [NASDAQ: LOOP] closed the trading session at $1.83.
The stocks have a year to date performance of -51.59 percent and weekly performance of 40.88 percent. The stock has been moved at -24.38 percent over the last six months. The stock has performed 41.31 percent around the most recent 30 days and changed 26.21 percent over the most recent 3-months.
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If compared to the average trading volume of 37.28K shares, LOOP reached to a volume of 82393672 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 Industries Inc [LOOP]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LOOP shares is $4.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LOOP stock is a recommendation set at 1.33. 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.
H.C. Wainwright have made an estimate for Loop Industries Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 29, 2022. The new note on the price target was released on October 07, 2021, representing the official price target for Loop Industries Inc stock.
The Average True Range (ATR) for Loop Industries Inc is set at 0.14, with the Price to Sales ratio for LOOP stock in the period of the last 12 months amounting to 1296.62. The Price to Book ratio for the last quarter was 18.03, with the Price to Cash per share for the same quarter was set at 0.02.
LOOP stock trade performance evaluation
Loop Industries Inc [LOOP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 40.88. With this latest performance, LOOP shares gained by 41.31% in over the last four-week period, additionally sinking by -24.38% over the last 6 months – not to mention a drop of -48.88% 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 LOOP stock in for the last two-week period is set at 70.98, with the RSI for the last a single of trading hit 78.23, and the three-weeks RSI is set at 65.13 for Loop Industries Inc [LOOP]. The present Moving Average for the last 50 days of trading for this stock 1.4430, while it was recorded at 1.3840 for the last single week of trading, and 2.0451 for the last 200 days.
Loop Industries Inc [LOOP]: An insightful look at the core fundamentals
Loop Industries Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.47 and a Current Ratio set at 0.48.
Loop Industries Inc [LOOP]: Institutional Ownership
There are presently around $13.20%, or 26.87%% of LOOP stock, in the hands of institutional investors. The top three institutional holders of LOOP stocks are: VANGUARD GROUP INC with ownership of 0.34 million shares, which is approximately 0.7198%. CI PRIVATE WEALTH, LLC, holding 0.25 million shares of the stock with an approximate value of $$0.52 million in LOOP stocks shares; and CI PRIVATE WEALTH, LLC, currently with $$0.5 million in LOOP stock with ownership which is approximately 0.505%.
