Loop Industries Inc (NASDAQ:LOOP) has a beta value of 1.54 and has seen 1.08 million shares traded in the last trading session. The company, currently valued at $76.19M, closed the last trade at $1.60 per share which meant it lost -$0.14 on the day or -8.05% during that session. The LOOP stock price is -184.37% off its 52-week high price of $4.55 and 26.88% above the 52-week low of $1.17. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.66 million shares traded. The 3-month trading volume is 1.39 million shares.
Loop Industries Inc (NASDAQ:LOOP) trade information
Sporting -8.05% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the LOOP stock price touched $1.60 or saw a rise of 17.52%. Year-to-date, Loop Industries Inc shares have moved -57.67%, while the 5-day performance has seen it change 23.08%. Over the past 30 days, the shares of Loop Industries Inc (NASDAQ:LOOP) have changed 27.99%. Short interest in the company has seen 0.7 million shares shorted with days to cover at 13.62.
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Wall Street analysts have a consensus price target for the stock at $3, which means that the shares’ value could jump 46.67% from current levels. The projected low price target is $3.0 while the price target rests at a high of $3.0. In that case, then, we find that the current price level is -87.5% off the targeted high while a plunge would see the stock gain -87.5% from current levels.
Loop Industries Inc (LOOP) estimates and forecasts
Figures show that Loop Industries Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -26.27% over the past 6 months, with this year growth rate of 29.55%, compared to 16.60% for the industry. Revenue growth from the last financial year stood is estimated to be -29.90%.
2 analysts offering their estimates for the company have set an average revenue estimate of 21k for the current quarter. 2 have an estimated revenue figure of 29.5k for the next ending quarter. Year-ago sales stood 26k and 45k respectively for this quarter and the next, and analysts expect sales will shrink by -19.23% for the current quarter and -29.90% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 3.08% over the past 5 years.
LOOP Dividends
Loop Industries Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Loop Industries Inc (NASDAQ:LOOP)’s Major holders
Insiders own 50.86% of the company shares, while shares held by institutions stand at 13.20% with a share float percentage of 26.87%. Investors are also buoyed by the number of investors in a company, with Loop Industries Inc having a total of 32.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 0.34 million shares worth more than $0.72 million. As of 2024-06-30, VANGUARD GROUP INC held 0.7198% of shares outstanding.
The other major institutional holder is CI PRIVATE WEALTH, LLC, with the holding of over 0.25 million shares as of 2024-06-30. The firm’s total holdings are worth over $0.52 million and represent 0.5214% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund . As of Sep 30, 2024 , the former fund manager holds about 0.98% shares in the company for having 332.49 shares of worth $0.53 million while later fund manager owns 135.4 shares of worth $0.22 million as of Oct 31, 2024 , which makes it owner of about 0.40% of company’s outstanding stock.
