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In the latest session, Loar Holdings Inc (NYSE: LOAR) closed at $83.64 up 0.46% from its previous closing price of $83.26. In other words, the price has increased by $0.46 from its previous closing price. On the day, 0.64 million shares were traded. LOAR stock price reached its highest trading level at $87.055 during the session, while it also had its lowest trading level at $82.75.
Ratios:
For a deeper understanding of Loar Holdings Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 102.50 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 421.27. For the most recent quarter (mrq), Quick Ratio is recorded 3.09 and its Current Ratio is at 4.86. In the meantime, Its Debt-to-Equity ratio is 0.34 whereas as Long-Term Debt/Eq ratio is at 0.34.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Jefferies on June 03, 2024, initiated with a Buy rating and assigned the stock a target price of $65.
On May 20, 2024, RBC Capital Mkts started tracking the stock assigning a Outperform rating and target price of $60.
On May 20, 2024, Morgan Stanley started tracking the stock assigning a Equal-Weight rating and target price of $55.Morgan Stanley initiated its Equal-Weight rating on May 20, 2024, with a $55 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Apr 29 ’24 when CROW M CHAD bought 71,429 shares for $28.00 per share. The transaction valued at 2,000,012 led to the insider holds 89,286 shares of the business.
McGetrick Margaret A bought 71,429 shares of LOAR for $2,000,012 on Apr 29 ’24. The Director now owns 89,286 shares after completing the transaction at $28.00 per share. On Apr 29 ’24, another insider, Danmola Taiwo K., who serves as the Director of the company, bought 71,429 shares for $28.00 each. As a result, the insider paid 2,000,012 and bolstered with 89,286 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LOAR now has a Market Capitalization of 7502809088 and an Enterprise Value of 7689857536. As of this moment, Loar’s Price-to-Earnings (P/E) ratio for their current fiscal year is 614.10, and their Forward P/E ratio for the next fiscal year is 123.86. For the stock, the TTM Price-to-Sale (P/S) ratio is 20.95 while its Price-to-Book (P/B) ratio in mrq is 9.89. Its current Enterprise Value per Revenue stands at 21.474 whereas that against EBITDA is 63.242.
Stock Price History:
Over the past 52 weeks, LOAR has reached a high of $92.17, while it has fallen to a 52-week low of $42.57. The 50-Day Moving Average of the stock is 8.71%, while the 200-Day Moving Average is calculated to be 28.80%.
Shares Statistics:
For the past three months, LOAR has traded an average of 258.58K shares per day and 364360 over the past ten days. A total of 88.00M shares are outstanding, with a floating share count of 68.22M. Insiders hold about 23.95% of the company’s shares, while institutions hold 60.82% stake in the company. Shares short for LOAR as of 1728950400 were 2002576 with a Short Ratio of 7.74, compared to 1726185600 on 1289293.
