Loar Holdings Inc (NYSE:LOAR) shares, rose in value on Friday, March 28, with the stock price down by -2.61% to the previous day’s close as strong demand from buyers drove the stock to $65.97.
Actively observing the price movement in the last trading, the stock closed the session at $67.74, falling within a range of $64.71 and $68.25. The PE ratio was 329.52 over 12-month period. Referring to stock’s 52-week performance, its high was $96.99, and the low was $42.57. On the whole, LOAR has fluctuated by -3.20% over the past month.
With the market capitalization of Loar Holdings Inc currently standing at about $6.17 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-12.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 397.62M, with a low estimate of 99M and a high estimate of 109.1M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 102.51M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that LOAR’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of LOAR currently trading nearly -1.02% and -8.01% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.21, while the 7-day volatility ratio is showing 4.66% which for the 30-day chart, stands at 4.88%. Furthermore, Loar Holdings Inc (LOAR)’s average true range (ATR) is 3.09.
Data on historical trading for Loar Holdings Inc (NYSE:LOAR) indicates that the trading volumes over the past 10 days have averaged 0.51 and over the past 3 months, they’ve averaged 414.99K. According to company’s latest data on outstanding shares, there are 89.70 million shares outstanding.
Nearly 22.38% of Loar Holdings Inc’s shares belong to company insiders and institutional investors own 79.40% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.33 million shares as on 2025-03-14, resulting in a short ratio of 5.0. The stock has fallen by -10.74% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LOAR stock heading into the next quarter.
