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 year. 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 brokers have issued 12 month price targets for Loop Industries' shares. Their LOOP share price targets 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 182.0% 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 on January 1st, 2024. Since then, LOOP stock has decreased by 29.6% and is now trading at $2.66. View the best growth stocks for 2024 here .

Are investors shorting Loop Industries?

Loop Industries saw a decrease in short interest in March. As of March 31st, there was short interest totaling 801,300 shares, a decrease of 33.2% from the March 15th total of 1,200,000 shares. Based on an average trading volume of 27,900 shares, the days-to-cover ratio is currently 28.7 days. Approximately 4.3% of the shares of the company 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) issued its quarterly earnings data on Monday, October, 16th. The financial services provider reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.01. The financial services provider had revenue of $0.05 million for 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?

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) .

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 .

NASDAQ:LOOP

Loop Industries (LOOP) Stock Price, News & Analysis

→ Biden’s $374B Giveaway Into This Sector (From DTI) (Ad)

Free LOOP Stock Alerts

$2.66

-0.02 (-0.75%)

(As of 04/18/2024 ET)

Compare

Today's Range: $2.64
▼
$2.80
50-Day Range: $2.60
▼
$3.35
52-Week Range: $2.59
▼
$4.70

Volume: 5,884 shs
Average Volume: 26,080 shs
Market Capitalization: $126.43 million

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

Get Loop Industries alerts:

Loop Industries MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 182.0% Upside
$7.50 Price Target
Short Interest: Healthy
4.30% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.24
Based on 8 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.

2.23 out of 5 stars

Business Services Sector

190th out of 293 stocks

Chemicals & Allied Products Industry

10th out of 14 stocks

3.5

Analyst's Opinion

Consensus Rating
Loop Industries has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Loop Industries has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
4.30% 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 28.7, which indicates bearish sentiment.
Change versus previous month
Short interest in Loop Industries has recently decreased by 33.23%, indicating that investor sentiment is improving significantly.

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.

2.4

News and Social Media Coverage

News Sentiment
Loop Industries has a news sentiment score of 0.24. 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 0.52 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Loop Industries this week, compared to 2 articles on an average week.
Search Interest
2 people have searched for LOOP on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 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 4.89% 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 ($0.44) to ($0.24) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Loop Industries is -11.56, 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 -11.56, 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 3.75. 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

Ad DTI

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

Click here for the full story

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

30 days | 90 days | 365 days | Advanced Chart

LOOP Stock News Headlines

April 17, 2024 | startribune.com

Light rail project encounters new obstacle in Minneapolis' North Loop: Major utility lines

April 17, 2024 | msn.com

Sandbox Escapades: Top 15 Games for Endless Exploration

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 17, 2024 | bizjournals.com

Arizona homebuilders oppose business park proposal by industrial giant

April 15, 2024 | msn.com

Fashion, textile industries urged to divest from synthetic materials

April 15, 2024 | msn.com

Moved far from the city during Covid? Pray you don’t lose your job

April 13, 2024 | yahoo.com

April 12, 2024 | yahoo.com

Trent Reznor and Atticus Ross’ Challengers [Mixed] Might Be Their Most Fun OST — Thanks to Boys Noize: Review

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 11, 2024 | msn.com

America Is Sick of Swiping

April 11, 2024 | msn.com

The Best Brunch Restaurants In The West Loop

April 10, 2024 | msn.com

Pickleball courts planned along Loop 820 in this fast-growing part of Tarrant County

April 10, 2024 | forbes.com

Beyond Misconceptions Of The Green Agenda: Advice For Leaders In Cleantech

April 9, 2024 | finance.yahoo.com

Insiders own 33% of Loop Industries, Inc. (NASDAQ:LOOP) shares but retail investors control 44% of the company

April 9, 2024 | investorplace.com

3 Stocks to Buy at Bargain-Basement Prices Before They Soar

April 8, 2024 | forbes.com

Navigating Career Pivots With The Clarity-Action Loop

April 8, 2024 | finance.yahoo.com

Industrial Control Systems (ICS) Security Market Size is projected to reach USD 26.43 billion by 2030, growing at a CAGR of 6.9%: Straits Research

April 7, 2024 | msn.com

Two injured in early morning house fire in Shreveport

April 6, 2024 | msn.com

Storage unit fire destroys shed on W Bert Kouns Industrial Loop

April 5, 2024 | msn.com

Is the doom loop over? Downtown San Francisco showing signs of economic rebound, experts say

April 5, 2024 | msn.com

CNBC Daily Open: Safe havens in vogue

April 5, 2024 | msn.com

Under fire for homelessness plans, Gloria shifts gears to propose 1,000-bed shelter in empty warehouse

April 5, 2024 | chicago.suntimes.com

‘Chicago Fire’ stunt featuring car crashed into West Loop building goes viral on social media

April 3, 2024 | chicago.suntimes.com

Janitors union rally in Loop for better pay as contract deadline looms

April 3, 2024 | yahoo.com

Sylan Island Stampede takes off this weekend

April 2, 2024 | msn.com

MSC Industrial Direct (MSM) Q2 2024 Earnings Call Transcript

April 2, 2024 | msn.com

Strategic Thinking: The Sought-After Skill Leaders Rarely Find In Employees

See More Headlines

Receive LOOP Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Loop Industries and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings: 10/16/2023
Today: 4/18/2024
Next Earnings (Estimated): 5/16/2024
Fiscal Year End: 2/28/2025

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Business Services
Industry: Chemicals & allied products
Sub-Industry: N/A
Current Symbol: NASDAQ:LOOP
CUSIP: N/A
CIK: 1504678
Web: www.loopindustries.com
Phone: (450) 951-8555
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: +184.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.23)
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: -8,792.50%
Pretax Margin: -8,810.00%
Return on Equity: -80.06%
Return on Assets: -63.30%

Debt

Debt-to-Equity Ratio: 0.15
Current Ratio: 6.74
Quick Ratio: 6.44

Sales & Book Value

Annual Sales: $170,000.00
Price / Sales: 738.11
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.71 per share
Price / Book: 3.72

Miscellaneous

Outstanding Shares: 47,530,000
Free Float: 23,860,000
Market Cap: $125.48 million
Optionable: Optionable
Beta: 1.41

Social Links

7 Stocks to Buy And Hold Forever

Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.

Get This Free Report

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

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

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 year. 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 brokers have issued 12 month price targets for Loop Industries' shares. Their LOOP share price targets 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 182.0% 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 on January 1st, 2024. Since then, LOOP stock has decreased by 29.6% and is now trading at $2.66.
View the best growth stocks for 2024 here.
Are investors shorting Loop Industries?: Loop Industries saw a decrease in short interest in March. As of March 31st, there was short interest totaling 801,300 shares, a decrease of 33.2% from the March 15th total of 1,200,000 shares. Based on an average trading volume of 27,900 shares, the days-to-cover ratio is currently 28.7 days. Approximately 4.3% of the shares of the company 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) issued its quarterly earnings data on Monday, October, 16th. The financial services provider reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.01. The financial services provider had revenue of $0.05 million for 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?: 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).
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 4/18/2024 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

Loop Industries (LOOP) Stock Price, News & Analysis

Loop Industries MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About Loop Industries Stock (NASDAQ:LOOP)

LOOP Stock Price History

LOOP Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Institutional Ownership

LOOP Stock Analysis - Frequently Asked Questions

Overall MarketRank^™