NASDAQ:LOOP

Loop Industries (LOOP) Stock Forecast, Price & News

$3.54

-0.11 (-3.01%)

(As of 10/3/2023 ET)

Compare

Today's Range: $3.40
▼
$3.70
50-Day Range: $2.63
▼
$3.75
52-Week Range: $1.85
▼
$4.44

Volume: 22,655 shs
Average Volume: 38,433 shs
Market Capitalization: $168.22 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $7.50

Loop Industries MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 111.9% Upside
$7.50 Price Target
Short Interest: Bearish
9.35% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.43
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.36) to ($0.23) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.71 out of 5 stars

Business Services Sector

273rd out of 309 stocks

Chemicals & Allied Products Industry

14th out of 15 stocks

3.3

Analyst's Opinion

Consensus Rating
Loop Industries has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $7.50, Loop Industries has a forecasted upside of 111.9% from its current price of $3.54.
Amount of Analyst Coverage
Loop Industries has only been the subject of 1 research reports in the past 90 days.

0.0

Short Interest

Percentage of Shares Shorted
9.35% of the float of Loop Industries has been sold short.
Short Interest Ratio / Days to Cover
Loop Industries has a short interest ratio ("days to cover") of 49.2, which indicates bearish sentiment.
Change versus previous month
Short interest in Loop Industries has recently increased by 0.58%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Loop Industries does not currently pay a dividend.
Dividend Growth
Loop Industries does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for LOOP.

2.5

News and Social Media Coverage

News Sentiment
Loop Industries has a news sentiment score of 0.43. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.63 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Loop Industries this week, compared to 2 articles on an average week.
Search Interest
1 people have searched for LOOP on MarketBeat in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Loop Industries insiders have not sold or bought any company stock.
Percentage Held by Insiders
49.80% of the stock of Loop Industries is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 4.84% of the stock of Loop Industries is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Loop Industries are expected to grow in the coming year, from ($0.36) to ($0.23) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Loop Industries is -16.09, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Loop Industries is -16.09, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Loop Industries has a P/B Ratio of 4.99. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Loop Industries (NASDAQ:LOOP) Stock

Loop Industries, Inc., a technology company, focuses on depolymerizing waste polyethylene terephthalate PET plastics and polyester fibers, including plastic bottles, packaging, carpets and textiles of any color, transparency and even ocean plastics that have been degraded by the sun and salt, to its base building blocks. Its polymerized monomers into virgin-quality PET resins for use in food-grade plastic packaging, such as plastic bottles for water and carbonated soft drinks, and containers for food and other consumer products; and polyester fibers, including textiles, clothing, and apparel. The company was incorporated in 2010 and is based in Terrebonne, Canada.

LOOP Price History

30 days | 90 days | 365 days | Advanced Chart

LOOP Stock News Headlines

October 4, 2023 | americanbankingnews.com

Loop Industries (NASDAQ:LOOP) Share Price Crosses Above 200 Day Moving Average of $3.07

September 29, 2023 | markets.businessinsider.com

Bumble (BMBL) Stock Pops 5% on Loop Capital Upgrade

October 4, 2023 | Wall Street Fundamentals (Ad)

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September 27, 2023 | msn.com

Marketmind: Doom loop momentum builds

September 26, 2023 | americanbankingnews.com

Loop Industries (NASDAQ:LOOP) Share Price Crosses Above 200 Day Moving Average of $3.02

September 25, 2023 | finance.yahoo.com

Loop-mediated Isothermal Amplification (LAMP) Market revenue to cross USD 180 Million by 2033, says Research Nester

September 22, 2023 | msn.com

Starfield: Facts About Ryujin Industries

September 20, 2023 | msn.com

Shreveport pedestrian killed in I-49 collision identified

October 4, 2023 | Edge On The Street (Ad)

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September 20, 2023 | msn.com

Automaker and supplier trial nylon recycling

September 18, 2023 | msn.com

I-49 S in Shreveport closed due to crash involving pedestrian

September 18, 2023 | usatoday.com

Unibio Converts Natural Gas to Protein, Helping Meet Protein Demands of Growing World Population

September 17, 2023 | msn.com

(Yonhap Feature) 'Waste to resources': SK gets ball rolling in high-tech plastic recycling

September 15, 2023 | msn.com

Plan accordingly: These Valley freeways will be closed this weekend

September 14, 2023 | forbes.com

Taking A More Strategic Approach To The 80/20 Rule In Software

September 13, 2023 | msn.com

UPM’s labels certified for industrial and home compostability

September 12, 2023 | finanznachrichten.de

Loop Energy Inc: DP World Selects TYCROP and Loop Energy for Solution to Decarbonize RTG Cranes at Port of Vancouver

September 8, 2023 | forbes.com

Apple Loop: iPhone 15 Pro Launch Dates Confirmed, iPhone 15 Delays, Apple’s Expensive China Problem

September 3, 2023 | startribune.com

The North Loop — the long view

September 1, 2023 | msn.com

Small fire in dust collector at commercial building

August 31, 2023 | finance.yahoo.com

Loop Industries to Participate at the BofA Securities 2023 Sustainability and Circular Materials Virtual Conference

August 30, 2023 | finance.yahoo.com

Loop Industries, Inc. (NASDAQ:LOOP): Are Analysts Optimistic?

August 29, 2023 | msn.com

San Francisco Official Behind ‘Doom Loop’ Walking Tour Resigns After He’s Outed as Organizer: Reports

August 29, 2023 | theguardian.com

A San Francisco official organized a ‘doom loop’ tour. It flopped in spectacular fashion

August 28, 2023 | msn.com

City official behind 'SF doom loop' tour resigns after trying to claim it was 'satire'

August 27, 2023 | msn.com

S.F.’s Downtown Doom Loop tour was canceled. A positive event took its place

August 24, 2023 | msn.com

Two-alarm fire in Southeast Colorado Springs

See More Headlines

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LOOP Company Calendar

Last Earnings: 7/12/2023
Today: 10/04/2023
Next Earnings (Estimated): 10/11/2023
Fiscal Year End: 2/29/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Chemicals & allied products
Sub-Industry: N/A
Sector: Business Services
Current Symbol: NASDAQ:LOOP
CUSIP: N/A
CIK: 1504678
Web: www.loopindustries.com
Phone: (450) 951-8555
Fax: N/A
Employees: 73
Year Founded: 2010

Price Target and Rating

Average Stock Price Forecast: $7.50
High Stock Price Forecast: $7.50
Low Stock Price Forecast: $7.50
Forecasted Upside/Downside: +111.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.22)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-21,300,000.00
Net Margins: -5,137.50%
Pretax Margin: -5,148.00%
Return on Equity: -68.55%
Return on Assets: -52.38%

Debt

Debt-to-Equity Ratio: 0.11
Current Ratio: 6.18
Quick Ratio: 6.01

Sales & Book Value

Annual Sales: $170,000.00
Price / Sales: 989.53
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.71 per share
Price / Book: 4.99

Miscellaneous

Outstanding Shares: 47,520,000
Free Float: 23,856,000
Market Cap: $168.22 million
Optionable: Not Optionable
Beta: 1.40

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Key Executives

Mr. Daniel Solomita (Age 47)
Founder, Chairman, CEO & Pres
Comp: $582.46k

Mr. Stephen Champagne (Age 55)
Chief Technology Officer
Comp: $235.91k

Mr. Fady Mansour (Age 51)
CFO, Principal Accounting Officer & Principal Financial Officer

Andrea Kostiuk
VP of Marketing & Communications

Giovanni Catino
VP of Sales & Bus. Devel.

Mike De Notaris
VP of Corp. Devel.

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

LOOP Stock - Frequently Asked Questions

Should I buy or sell Loop Industries stock right now?: 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Loop Industries in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" LOOP shares.
View LOOP analyst ratings or view top-rated stocks.
What is Loop Industries' stock price forecast for 2023?: 3 equities research analysts have issued 12 month target prices for Loop Industries' stock. Their LOOP share price forecasts range from $7.50 to $7.50. On average, they anticipate the company's share price to reach $7.50 in the next twelve months. This suggests a possible upside of 111.9% from the stock's current price.
View analysts price targets for LOOP or view top-rated stocks among Wall Street analysts.
How have LOOP shares performed in 2023?: Loop Industries' stock was trading at $2.39 on January 1st, 2023. Since then, LOOP stock has increased by 48.1% and is now trading at $3.54.
View the best growth stocks for 2023 here.
When is Loop Industries' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 11th 2023.
View our LOOP earnings forecast.
How were Loop Industries' earnings last quarter?: Loop Industries, Inc. (NASDAQ:LOOP) posted its quarterly earnings results on Wednesday, July, 12th. The financial services provider reported ($0.15) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by $0.04. The financial services provider had revenue of $0.03 million for the quarter. Loop Industries had a negative trailing twelve-month return on equity of 68.55% and a negative net margin of 5,137.50%.
What is Steve Flavell & Michael Hughes' approval rating as Loop Industries' CEO?: 52 employees have rated Loop Industries Chief Executive Officer Steve Flavell & Michael Hughes on Glassdoor.com. Steve Flavell & Michael Hughes has an approval rating of 81% among the company's employees.

What other stocks do shareholders of Loop Industries own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Loop Industries investors own include Allena Pharmaceuticals (ALNA), Apollo Global Management (APO), Cognizant Technology Solutions (CTSH), Enphase Energy (ENPH), Alphabet (GOOG), International Business Machines (IBM), KeyCorp (KEY), Shopify (SHOP), Block (SQ) and Veeva Systems (VEEV).
What is Loop Industries' stock symbol?: Loop Industries trades on the NASDAQ under the ticker symbol "LOOP."
How do I buy shares of Loop Industries?: Shares of LOOP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Loop Industries' stock price today?: One share of LOOP stock can currently be purchased for approximately $3.54.
How much money does Loop Industries make?: Loop Industries (NASDAQ:LOOP) has a market capitalization of $168.22 million and generates $170,000.00 in revenue each year. The financial services provider earns $-21,300,000.00 in net income (profit) each year or ($0.22) on an earnings per share basis.
How can I contact Loop Industries?: Loop Industries' mailing address is 480 FERNAND POITRAS, TERREBONNE A8, J6Y 1Y4. The official website for the company is www.loopindustries.com. The financial services provider can be reached via phone at (450) 951-8555 or via email at info@loopindustries.com.

This page (NASDAQ:LOOP) was last updated on 10/4/2023 by MarketBeat.com Staff

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