NASDAQ:LOOP

Loop Industries (LOOP) Stock Price, News & Analysis

$2.75
+0.07 (+2.61%)
(As of 04/23/2024 ET)
Today's Range
$2.75
$2.79
50-Day Range
$2.58
$3.35
52-Week Range
$2.58
$4.70
Volume
1,084 shs
Average Volume
25,509 shs
Market Capitalization
$130.70 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$7.50

Loop Industries MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
172.7% Upside
$7.50 Price Target
Short Interest
Healthy
4.30% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.01mentions of Loop Industries in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.44) to ($0.24) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.27 out of 5 stars

Business Services Sector

202nd out of 303 stocks

Chemicals & Allied Products Industry

10th out of 15 stocks

LOOP stock logo

About Loop Industries Stock (NASDAQ:LOOP)

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 Stock Price History

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Company Calendar

Last Earnings
10/16/2023
Today
4/23/2024
Next Earnings (Estimated)
5/16/2024
Fiscal Year End
2/28/2025

Industry, Sector and Symbol

Industry
Chemicals & allied products
Sub-Industry
N/A
Current Symbol
NASDAQ:LOOP
Fax
N/A
Employees
60
Year Founded
2010

Price Target and Rating

Average Stock Price Target
$7.50
High Stock Price Target
$7.50
Low Stock Price Target
$7.50
Potential Upside/Downside
+172.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$-21,300,000.00
Net Margins
-8,792.50%
Pretax Margin
-8,810.00%

Debt

Sales & Book Value

Annual Sales
$120,838.00
Book Value
$0.71 per share

Miscellaneous

Free Float
23,860,000
Market Cap
$130.70 million
Optionable
Optionable
Beta
1.41

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Key Executives

  • Mr. Daniel Solomita (Age 48)
    Founder, Chairman of the Board, CEO & President
    Comp: $582.46k
  • Mr. Stephen Champagne (Age 56)
    Chief Technology Officer
    Comp: $235.91k
  • Mr. Fady Mansour (Age 52)
    CFO, Principal Accounting Officer & Principal Financial Officer
  • Kevin C. O'Dowd
    Vice President of Communications & Investor Relations
  • Giovanni Catino
    Vice President of Sales & Business Development
  • Mike De Notaris
    Vice President of Corporate Development
  • Andrea Kostiuk
    Vice President of Marketing & Communications

LOOP Stock Analysis - Frequently Asked Questions

Should I buy or sell Loop Industries stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Loop Industries in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" LOOP shares.
View LOOP analyst ratings
or view top-rated stocks.

What is Loop Industries' stock price target for 2024?

1 analysts have issued 12-month price objectives for Loop Industries' stock. Their LOOP share price targets range from $7.50 to $7.50. On average, they predict the company's share price to reach $7.50 in the next twelve months. This suggests a possible upside of 172.7% 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 2024?

Loop Industries' stock was trading at $3.78 at the beginning of 2024. Since then, LOOP shares have decreased by 27.2% and is now trading at $2.75.
View the best growth stocks for 2024 here
.

Are investors shorting Loop Industries?

Loop Industries saw a decline in short interest in March. As of March 31st, there was short interest totaling 801,300 shares, a decline of 33.2% from the March 15th total of 1,200,000 shares. Based on an average daily trading volume, of 27,900 shares, the short-interest ratio is currently 28.7 days. Approximately 4.3% of the company's shares are short sold.
View Loop Industries' Short Interest
.

When is Loop Industries' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 16th 2024.
View our LOOP earnings forecast
.

How were Loop Industries' earnings last quarter?

Loop Industries, Inc. (NASDAQ:LOOP) posted its quarterly earnings data on Monday, October, 16th. The financial services provider reported ($0.10) earnings per share for the quarter, beating analysts' consensus estimates of ($0.11) by $0.01. The financial services provider earned $0.05 million during the quarter. Loop Industries had a negative net margin of 8,792.50% and a negative trailing twelve-month return on equity of 80.06%.

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?
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:LOOP) was last updated on 4/23/2024 by MarketBeat.com Staff

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