In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The price of Loop Industries Inc (NASDAQ: LOOP) closed at $1.60 in the last session, down -8.05% from day before closing price of $1.74. In other words, the price has decreased by -$8.05 from its previous closing price. On the day, 1.08 million shares were traded. LOOP stock price reached its highest trading level at $1.62 during the session, while it also had its lowest trading level at $1.48.
Ratios:
We take a closer look at LOOP’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.47 and its Current Ratio is at 0.48. In the meantime, Its Debt-to-Equity ratio is 1.01 whereas as Long-Term Debt/Eq ratio is at 0.93.
On October 07, 2021, H.C. Wainwright Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $23.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LOOP now has a Market Capitalization of 76192480 and an Enterprise Value of 79689424. For the stock, the TTM Price-to-Sale (P/S) ratio is 761.93 while its Price-to-Book (P/B) ratio in mrq is 15.76. Its current Enterprise Value per Revenue stands at 789.004 whereas that against EBITDA is -4.168.
Stock Price History:
Over the past 52 weeks, LOOP has reached a high of $4.55, while it has fallen to a 52-week low of $1.17. The 50-Day Moving Average of the stock is 11.05%, while the 200-Day Moving Average is calculated to be -21.22%.
Shares Statistics:
According to the various share statistics, LOOP traded on average about 1.39M shares per day over the past 3-months and 8657920 shares per day over the past 10 days. A total of 47.62M shares are outstanding, with a floating share count of 20.07M. Insiders hold about 57.86% of the company’s shares, while institutions hold 3.82% stake in the company. Shares short for LOOP as of 1732838400 were 700496 with a Short Ratio of 0.51, compared to 1730332800 on 699982. Therefore, it implies a Short% of Shares Outstanding of 700496 and a Short% of Float of 3.5900000000000003.
