With 0.6 million shares changed hands, the volume of the stock remained heavier than its average volume of 25900.0 shares. During the session, the Specialty Chemicals company that operates in wider Basic Materials sector, reached to the highest price of $1.45 whereas the lowest price it dropped to was $1.34. The 52-week range on LOOP shows that it touched its highest point at $4.70 and its lowest point at $1.17 during that stretch. It currently has a 1-year price target of $4.50. Beta for the stock currently stands at 1.53.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LOOP was up-trending over the past week, with a rise of 10.77%, but this was up by 9.92% over a month. Three-month performance dropped to -10.00% while six-month performance fell -43.53%. The stock lost -59.78% in the past year, while it has lost -61.90% so far this year. A look at the trailing 12-month EPS for LOOP yields -0.41 with Next year EPS estimates of -0.30. For the next quarter, that number is -0.09. This implies an EPS growth rate of 21.02% for this year and 13.67% for next year.
Float and Shares Shorts:
At present, 47.53 million LOOP shares are outstanding with a float of 20.07 million shares on hand for trading. On 2024-10-31, short shares totaled 0.7 million, which was 147.0 higher than short shares on 1727654400. In addition to Mr. Daniel Solomita as the firm’s Founder, Chairman of the Board, CEO & President, Mr. Fady Mansour serves as its CFO, Principal Accounting Officer & Principal Financial Officer.
Institutional Ownership:
Through their ownership of 0.13203 of LOOP’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-08-31, LOOP reported revenue of $23000.0 and operating income of -$4646000.0. The EBITDA in the recently reported quarter was -$4511000.0 and diluted EPS was -$0.1.
Analysts Ratings:
In the same way, a target price assigned to a stock can also reveal much about its potential. With LOOP analysts setting a high price target of 6.0 and a low target of 3.0, the average target price over the next 12 months is 4.5. Based on these targets, LOOP could surge 316.67% to reach the target high and rise by 108.33% to reach the target low. Reaching the average price target will result in a growth of 212.5% from current levels.
Analysts have provided yearly estimates in a range of -$0.445 being high and -$0.445 being low. For LOOP, this leads to a yearly average estimate of -$0.445. Based on analyst estimates, the high estimate for the next quarter is -$0.09 and the low estimate is -$0.11. The average estimate for the next quarter is thus -$0.1.
