Loma Negra Compania Industrial Argentina Sociedad Anonima ADR (NYSE:LOMA) price on Friday, December 27, rose 2.06% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $12.41.
A look at the stock’s price movement, the close in the last trading session was $12.16, moving within a range at $12.0801 and $12.59. The beta value (5-Year monthly) was 1.272 while the PE ratio in trailing twelve months stood at 15.20. Turning to its 52-week performance, $13.79 and $5.70 were the 52-week high and 52-week low respectively. Overall, LOMA moved 6.43% over the past month.
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Loma Negra Compania Industrial Argentina Sociedad Anonima ADR’s market cap currently stands at around $1.48 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Wall Street analysts have also projected the company’s year-on-year revenue to grow to 614.96B, representing a 45.67% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that LOMA is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 0 recommend LOMA as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 0.55, with LOMA’s current price about 0.36% and 14.78% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 58.45, while 7-day volatility ratio is 3.51% and 5.42% in the 30-day chart. Further, Loma Negra Compania Industrial Argentina Sociedad Anonima ADR (LOMA) has a beta value of 1.31, and an average true range (ATR) of 0.60. Analysts have given the company’s stock an average 52-week price target of $8.1, forecast between a low of $8.1 and high of $8.1. Looking at the price targets, the low is 34.73% off current price level while to achieve the yearly target high, price needs to move 34.73%. Nonetheless, investors will most likely welcome a 34.73% jump to $8.1 which is the analysts’ median price.
If we refocus on Loma Negra Compania Industrial Argentina Sociedad Anonima ADR (NYSE:LOMA), historical trading data shows that trading volumes averaged 0.69 over the past 10 days and 721.02K over the past 3 months. The company’s latest data on shares outstanding shows there are 119.20 million shares.
Also important is the data on short interest which shows that short shares stood at 0.79 million on 2024-11-29, giving us a short ratio of 0.84. The data shows that as of 2024-11-29 short interest in Loma Negra Compania Industrial Argentina Sociedad Anonima ADR (LOMA) stood at 141.99999 of shares outstanding, with shares short rising to 0.53 million registered in 2024-10-31. Current price change has pushed the stock 75.04% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the LOMA stock continues to rise going into the next quarter.
