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BABA   86.74 (+1.40%)
AMD   102.82 (+0.06%)
T   15.02 (+0.07%)
F   12.42 (-1.11%)
MU   68.03 (+4.34%)
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NASDAQ:LOOP

Loop Industries (LOOP) Stock Forecast, Price & News

$3.55
+0.04 (+1.14%)
(As of 04:20 PM ET)
Compare
Today's Range
$3.45
$3.58
50-Day Range
$2.63
$3.75
52-Week Range
$1.85
$4.57
Volume
86,602 shs
Average Volume
72,330 shs
Market Capitalization
$168.70 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
111.3% Upside
$7.50 Price Target
Short Interest
Bearish
9.35% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.35mentions of Loop Industries in the last 14 days
Based on 5 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.

1.70 out of 5 stars

Business Services Sector

274th out of 319 stocks

Chemicals & Allied Products Industry

14th out of 15 stocks


LOOP stock logo

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

LOOP Stock News Headlines

Bumble (BMBL) Stock Pops 5% on Loop Capital Upgrade
Marketmind: Doom loop momentum builds
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
Starfield: Facts About Ryujin Industries
Automaker and supplier trial nylon recycling
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
The North Loop — the long view
See More Headlines
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LOOP Company Calendar

Last Earnings
7/12/2023
Today
9/29/2023
Next Earnings (Estimated)
10/11/2023
Fiscal Year End
2/29/2024

Industry, Sector and Symbol

Industry
Chemicals & allied products
Sub-Industry
N/A
Current Symbol
NASDAQ:LOOP
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
+114.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$-21,300,000.00
Net Margins
-5,137.50%
Pretax Margin
-5,148.00%

Debt

Sales & Book Value

Annual Sales
$170,000.00
Book Value
$0.71 per share

Miscellaneous

Free Float
23,856,000
Market Cap
$166.32 million
Optionable
Not Optionable
Beta
1.52

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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.













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 year. 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 1-year price targets for Loop Industries' shares. Their LOOP share price forecasts range from $7.50 to $7.50. On average, they expect the company's stock price to reach $7.50 in the next year. This suggests a possible upside of 114.3% 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 at the beginning of 2023. Since then, LOOP stock has increased by 46.4% and is now trading at $3.50.
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) released its earnings results on Wednesday, July, 12th. The financial services provider reported ($0.15) earnings per share 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 net margin of 5,137.50% and a negative trailing twelve-month return on equity of 68.55%.

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?
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 $3.50.

How much money does Loop Industries make?

Loop Industries (NASDAQ:LOOP) has a market capitalization of $166.32 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 9/29/2023 by MarketBeat.com Staff

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