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NASDAQ:LOOP

Loop Industries - LOOP Stock Forecast, Price & News

$7.23
+0.23 (+3.29%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$7.00
$7.23
50-Day Range
$3.83
$7.23
52-Week Range
$3.61
$17.94
Volume
23,892 shs
Average Volume
96,977 shs
Market Capitalization
$342.71 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$21.00

Loop Industries MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
190.5% Upside
$21.00 Price Target
Short Interest
Bearish
16.73% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.94mentions of Loop Industries in the last 14 days
Based on 6 Articles This Week
Insider Trading
Acquiring Shares
$20,002 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($1.00) to ($0.86) Per Share

Overall MarketRank

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

2.15 out of 5 stars

Business Services Sector

195th out of 335 stocks

Chemicals & Allied Products Industry

10th 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 into base building blocks. It 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 Industries Stock Performance

NASDAQ:LOOP traded up $0.29 during trading hours on Friday, reaching $7.00. The company had a trading volume of 41,699 shares, compared to its average volume of 49,085. The company has a current ratio of 5.10, a quick ratio of 5.10 and a debt-to-equity ratio of 0.09. The business's 50-day simple moving average is $5.37 and its two-hundred day simple moving average is $6.59. Loop Industries has a twelve month low of $3.61 and a twelve month high of $17.94.

Loop Industries (NASDAQ:LOOP - Get Rating) last posted its quarterly earnings results on Wednesday, July 13th. The financial services provider reported ($0.38) EPS for the quarter, missing analysts' consensus estimates of ($0.18) by ($0.20). On average, equities analysts predict that Loop Industries will post -1 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Raymond James lowered their target price on shares of Loop Industries from $19.50 to $19.00 and set an "outperform" rating for the company in a research note on Friday, July 15th.

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LOOP Stock News Headlines

Loop Industries reports Q4 results
See More Headlines
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LOOP Company Calendar

Last Earnings
7/13/2022
Today
8/12/2022
Next Earnings (Estimated)
10/21/2022
Fiscal Year End
2/28/2023

Industry, Sector and Symbol

Industry
Chemicals & allied products
Sub-Industry
N/A
Current Symbol
NASDAQ:LOOP
Fax
N/A
Employees
84
Year Founded
2010

Price Target and Rating

Average Stock Price Forecast
$21.00
High Stock Price Forecast
$23.00
Low Stock Price Forecast
$19.00
Forecasted Upside/Downside
+190.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$-44,920,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
N/A
Book Value
$0.97 per share

Miscellaneous

Free Float
22,041,000
Market Cap
$342.71 million
Optionable
Not Optionable
Beta
1.70

Social Links















LOOP Stock - Frequently Asked Questions

Should I buy or sell Loop Industries stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Loop Industries in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" LOOP shares.
View LOOP analyst ratings
or view top-rated stocks.

What is Loop Industries' stock price forecast for 2022?

2 Wall Street analysts have issued twelve-month price objectives for Loop Industries' stock. Their LOOP share price forecasts range from $19.00 to $23.00. On average, they expect the company's stock price to reach $21.00 in the next year. This suggests a possible upside of 190.5% 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 2022?

Loop Industries' stock was trading at $12.27 on January 1st, 2022. Since then, LOOP shares have decreased by 41.1% and is now trading at $7.23.
View the best growth stocks for 2022 here
.

When is Loop Industries' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, October 21st 2022.
View our LOOP earnings forecast
.

How were Loop Industries' earnings last quarter?

Loop Industries, Inc. (NASDAQ:LOOP) issued its quarterly earnings results on Wednesday, July, 13th. The financial services provider reported ($0.38) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.18) by $0.20.

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."

Who are Loop Industries' major shareholders?

Loop Industries' stock is owned by a number of retail and institutional investors. Top institutional investors include Handelsbanken Fonder AB (5.33%), Candriam S.C.A. (0.40%), Mackenzie Financial Corp (0.13%), UBS Group AG (0.04%), Scotia Capital Inc. (0.03%) and Axxcess Wealth Management LLC (0.03%). Insiders that own company stock include Daniel Solomita, Laurence G Sellyn, Nelson Gentiletti and Yves Perron.
View institutional ownership trends
.

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 $7.23.

How much money does Loop Industries make?

Loop Industries (NASDAQ:LOOP) has a market capitalization of $342.71 million. The financial services provider earns $-44,920,000.00 in net income (profit) each year or ($1.08) on an earnings per share basis.

When was Loop Industries founded?

Loop Industries was founded in 2010.

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 8/12/2022 by MarketBeat.com Staff

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