In today’s recent session, 1.26 million shares of the Loar Holdings Inc (NYSE:LOAR) were traded. Most recently the company’s share price was $86.42, and it changed around -$1.27 or -1.45% from the last close, which brings the market valuation of the company to $7.75B. LOAR at last check was trading at a discount to its 52-week high of $96.99, offering almost -12.23% off that amount. The share price’s 52-week low was $42.57, which indicates that the recent value has risen by an impressive 50.74% since then. We note from Loar Holdings Inc’s average daily trading volume that its 10-day average is 0.33 million shares, with the 3-month average coming to 310.36K.
Loar Holdings Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.50. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 1 recommended LOAR as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Loar Holdings Inc is expected to report earnings per share of 0.08 for the current quarter.
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Loar Holdings Inc (NYSE:LOAR) trade information
Instantly LOAR has been showing red trend so far today with a performance of -1.45% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 96.99 on recent trading dayincreased the stock’s daily price by 10.9%. The company’s shares are currently up 77.09% year-to-date, but still down -5.86% over the last five days. On the other hand, Loar Holdings Inc (NYSE:LOAR) is -3.24% down in the 30-day period. We can see from the shorts that 1.76 million shares have been sold at a short interest cover period of 5.16 day(s).
The consensus price target as assigned by Wall Street analysts is $86.5, which translates to bulls needing to increase their stock price by 0.09% from its current value. Analyst projections state that LOAR is forecast to be at a low of $85 and a high of $88.
Loar Holdings Inc (LOAR) estimates and forecasts
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 99.98M in revenue for the current quarter. 2 analysts expect Loar Holdings Inc to make 114.07M in revenue for the current ending quarter.
