Loop Industries Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Loop Industries in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" Loop Industries stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LOOP, but not buy additional shares or sell existing shares.
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Wall Street analysts have given Loop Industries a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Loop Industries wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Loop Industries saw a decline in short interest during the month of January. As of January 29th, there was short interest totaling 1,770,000 shares, a decline of 22.4% from the January 14th total of 2,280,000 shares. Based on an average daily volume of 270,100 shares, the short-interest ratio is presently 6.6 days. Approximately 9.2% of the shares of the stock are sold short.
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Loop Industries is scheduled to release its next quarterly earnings announcement on Tuesday, May 4th 2021.
View our earnings forecast for Loop Industries.

Loop Industries, Inc. (NASDAQ:LOOP) announced its quarterly earnings results on Wednesday, January, 13th. The financial services provider reported ($0.22) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.11) by $0.12.
View Loop Industries' earnings history.

Loop Industries' stock was trading at $8.54 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, LOOP shares have increased by 6.1% and is now trading at $9.06.
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1 equities research analysts have issued 12 month price objectives for Loop Industries' stock. Their forecasts range from $15.00 to $15.00. On average, they expect Loop Industries' stock price to reach $15.00 in the next year. This suggests a possible upside of 65.6% from the stock's current price.
View analysts' price targets for Loop Industries or view top-rated stocks among Wall Street analysts.

52 employees have rated Loop Industries CEO Steve Flavell & Michael Hughes on Glassdoor.com. Steve Flavell & Michael Hughes has an approval rating of 81% among Loop Industries' employees.

Some companies that are related to Loop Industries include Hawkins (HWKN), Liquidmetal Technologies (LQMT), Gulf Resources (GURE), ESP Resources (ESPIQ), Green Earth Technologies (GETG) and Isonics (ISON).
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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), Square (SQ) and Veeva Systems (VEEV).

Loop Industries trades on the NASDAQ under the ticker symbol "LOOP."

Loop Industries' stock is owned by many different retail and institutional investors. Top institutional shareholders include Handelsbanken Fonder AB (5.12%), Creative Planning (3.65%), BlackRock Inc. (0.63%), Handelsinvest Investeringsforvaltning (0.42%), Comerica Bank (0.35%) and Candriam Luxembourg S.C.A. (0.24%). Company insiders that own Loop Industries stock include Daniel Solomita, Laurence G Sellyn, Nelson Gentiletti and Sidney Mortimer Horn.
View institutional ownership trends for Loop Industries.

LOOP stock was sold by a variety of institutional investors in the last quarter, including DNB Asset Management AS, Scotia Capital Inc., Creative Planning, Candriam Luxembourg S.C.A., and BlackRock Inc..
View insider buying and selling activity for Loop Industries or view top insider-selling stocks.

LOOP stock was bought by a variety of institutional investors in the last quarter, including Handelsbanken Fonder AB, Beacon Pointe Advisors LLC, Handelsinvest Investeringsforvaltning, Comerica Bank, ExodusPoint Capital Management LP, Charles Schwab Investment Management Inc., and Northern Trust Corp. Company insiders that have bought Loop Industries stock in the last two years include Daniel Solomita, Laurence G Sellyn, and Nelson Gentiletti.
View insider buying and selling activity for Loop Industries or or view top insider-buying stocks.

Shares of LOOP 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.
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One share of LOOP stock can currently be purchased for approximately $9.06.

Loop Industries has a market capitalization of $384.27 million. The financial services provider earns $-14,510,000.00 in net income (profit) each year or ($0.38) on an earnings per share basis.

Loop Industries employs 61 workers across the globe.

The official website for Loop Industries is www.loopindustries.com.

Loop Industries is headquartered at 480 FERNAND POITRAS, TERREBONNE A8, J6Y 1Y4.

Loop Industries' mailing address is 480 FERNAND POITRAS, TERREBONNE A8, J6Y 1Y4. The financial services provider can be reached via phone at 45-0951-8555 or via email at [email protected]