Loop Industries Inc (NASDAQ:LOOP) shares, rose in value, with the stock price up by 45.71% to the previous day’s close as strong demand from buyers drove the stock to $1.79.
Actively observing the price movement in the recent trading, the stock is buoying the session at $1.23, falling within a range of $1.5401 and $1.9399. The value of beta (5-year monthly) is 1.526. Referring to stock’s 52-week performance, its high was $4.70, and the low was $1.17. On the whole, LOOP has fluctuated by 38.39% over the past month.
With the market capitalization of Loop Industries Inc currently standing at about $85.34 million, investors are eagerly awaiting this quarter’s results, scheduled for in January.
Wall Street analysts also predicted that the company’s y-o-y revenues would reach 49k.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that LOOP’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the price of LOOP currently trading nearly 31.50% and 24.26% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 69.98, while the 7-day volatility ratio is showing 5.36% which for the 30-day chart, stands at 6.33%. Furthermore, Loop Industries Inc (LOOP)’s beta value is 1.56, and its average true range (ATR) is 0.14.
A comparison of Loop Industries Inc (LOOP) with its peers suggests the former has fared considerably weaker in the market. LOOP showed an intraday change of 45.71% in today’s session so far, and over the past year, it shrunk by -49.94%%.
Data on historical trading for Loop Industries Inc (NASDAQ:LOOP) indicates that the trading volumes over the past 10 days have averaged 26480.0 and over the past 3 months, they’ve averaged 37.28K. According to company’s latest data on outstanding shares, there are 47.62 million shares outstanding.
Nearly 57.86% of Loop Industries Inc’s shares belong to company insiders and institutional investors own 3.82% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.7 million shares as on 2024-11-29, resulting in a short ratio of 13.62. According to the data, the short interest in Loop Industries Inc (LOOP) stood at 359.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 0.7 million. The stock has fallen by -52.59% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LOOP stock heading into the next quarter.
