Loop Industries Stock Today
| LOOP Stock | USD 2.78 0.16 6.11% |
Performance0 of 100
| Odds Of DistressLess than 6
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Loop Industries is selling at 2.78 as of the 16th of April 2024; that is 6.11% increase since the beginning of the trading day. The stock's last reported lowest price was 2.61. Loop Industries has only a 6 % chance of going through financial distress over the next few years, but has generated negative returns over the last 90 days. Equity ratings for Loop Industries are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 16th of February 2024 and ending today, the 16th of April 2024. Click here to learn more.
Business Domain Materials | IPO Date 20th of November 2017 | Category Basic Materials |
Loop Industries, Inc., a technology company, focuses on depolymerizing waste polyethylene terephthalate plastics and polyester fibers into base building blocks. The company was incorporated in 2010 and is based in Terrebonne, Canada. Loop Industries operates under Specialty Chemicals classification in the United States and is traded on NASDAQ Exchange. The company has 47.53 M outstanding shares of which 801.31 K shares are now shorted by private and institutional investors with about 21.07 trading days to cover. More on Loop Industries
Moving together with Loop Stock
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Moving against Loop Stock
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Follow Valuation Options Odds of Bankruptcy
Report 16th of May 2024
Loop Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Loop Industries' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Loop Industries or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Co-CEO, Co-Founder, Director | Thomas Hughes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old Name | LOOPShare Ltd | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Commodity Chemicals, Specialty Chemicals, Basic Materials, NASDAQ Composite, Materials, Chemicals, Specialty Chemicals, Basic Materials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Loop Industries report their recommendations after researching Loop Industries' financial statements, talking to executives and customers, or listening in on Loop Industries' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Loop Industries. The Loop consensus assessment is calculated by taking the average forecast from all of the analysts covering Loop Industries. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators related to Loop Industries' liquidity, profitability, solvency, and operating efficiency, Loop Industries may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Loop Industries is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Loop Industries' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Loop Industries' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Loop Industries' financial leverage. It provides some insight into what part of Loop Industries' total assets is financed by creditors.
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Loop Industries (LOOP) is traded on NASDAQ Exchange in USA. It is located in 480 Fernand-Poitras, Terrebonne, QC, Canada, J6Y 1Y4 and employs 60 people. Loop Industries is listed under Commodity Chemicals category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 132.61 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Loop Industries's market, we take the total number of its shares issued and multiply it by Loop Industries's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Loop Industries conducts business under Chemicals sector and is part of Materials industry. The entity has 47.53 M outstanding shares of which 801.31 K shares are now shorted by private and institutional investors with about 21.07 trading days to cover.
Loop Industries currently holds about 23.08 M in cash with (34.89 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.49.
Check Loop Industries Probability Of Bankruptcy
Ownership AllocationLoop Industries holds a total of 47.53 Million outstanding shares. Loop Industries secures majority of its outstanding shares owned by insiders. An insider is usually defined as a corporate executive, director, member of the board or institutional investor who own at least 10% of the company's outstanding shares. 60.02 % of Loop Industries outstanding shares that are owned by insiders conveys that they have been buying or selling the stock in recent months in anticipation of some upcoming event. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Loop Ownership Details
Loop Stock Price Odds Analysis
In regard to a normal probability distribution, the odds of Loop Industries jumping above the current price in 90 days from now is about 83.45%. The Loop Industries probability density function shows the probability of Loop Industries stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Loop Industries has a beta of 0.6547. This indicates as returns on the market go up, Loop Industries average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Loop Industries will be expected to be much smaller as well. Additionally, loop Industries has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Loop Industries to move above the current price in 90 days from now is about 83.45 (This Loop Industries probability density function shows the probability of Loop Stock to fall within a particular range of prices over 90 days) .
Loop Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Loop Industries that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Loop Industries' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Loop Industries' value.| Instituion | Recorded On | Shares | |
| Balboa Wealth Partners | 2023-12-31 | 37.7 K | |
| Susquehanna International Group, Llp | 2023-12-31 | 37.2 K | |
| Scotia Capital Inc | 2023-12-31 | 14.4 K | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 13.1 K | |
| Hexagon Capital Partners Llc | 2023-12-31 | 12.7 K | |
| Snowden Capital Advisors Llc | 2023-12-31 | 10 K | |
| Williams & Novak Llc | 2023-12-31 | 10 K | |
| Dynamic Advisor Solutions Llc | 2023-12-31 | 10 K | |
| Royal Bank Of Canada | 2023-12-31 | 8.2 K | |
| Candriam Luxembourg S.c.a. | 2023-12-31 | 413.3 K | |
| Vanguard Group Inc | 2023-12-31 | 342.1 K |
Loop Industries Historical Income Statement
Loop Industries Income Statement is one of the three primary financial statements used for reporting Loop's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Loop Industries revenue and expense. Loop Industries Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Loop Industries' Interest Income is relatively stable compared to the past year. View More FundamentalsLoop Stock Against Markets
Picking the right benchmark for Loop Industries stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Loop Industries stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Loop Industries is critical whether you are bullish or bearish towards Loop Industries at a given time. Please also check how Loop Industries' historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Loop Industries without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Loop Industries Corporate Directors
Loop Industries corporate directors refer to members of a Loop Industries board of directors. The board of directors generally takes responsibility for the Loop Industries' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Loop Industries' board members must vote for the resolution. The Loop Industries board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Donald Danks | Director | Profile | |
| Leslie Murphy | Director | Profile | |
| Jay Stubina | Director | Profile | |
| Nicolas Goulet | Non-Executive Director | Profile |
How to buy Loop Stock?
Before investing in Loop Industries, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Loop Industries. To buy Loop Industries stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Loop Industries. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Loop Industries stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Loop Industries stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Loop Industries stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Loop Industries, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Loop Stock please use our How to Invest in Loop Industries guide.
Already Invested in Loop Industries?
The danger of trading Loop Industries is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Loop Industries is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Loop Industries. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Loop Industries is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Loop Industries is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Loop Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Loop Industries Stock. Highlighted below are key reports to facilitate an investment decision about Loop Industries Stock: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Loop Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. To learn how to invest in Loop Stock, please use our How to Invest in Loop Industries guide.You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for Loop Stock analysis
When running Loop Industries' price analysis, check to measure Loop Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Loop Industries is operating at the current time. Most of Loop Industries' value examination focuses on studying past and present price action to predict the probability of Loop Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Loop Industries' price. Additionally, you may evaluate how the addition of Loop Industries to your portfolios can decrease your overall portfolio volatility.
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Is Loop Industries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Loop Industries. If investors know Loop will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Loop Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.23) | Revenue Per Share 0.003 | Quarterly Revenue Growth 0.04 | Return On Assets (0.41) | Return On Equity (0.45) |
The market value of Loop Industries is measured differently than its book value, which is the value of Loop that is recorded on the company's balance sheet. Investors also form their own opinion of Loop Industries' value that differs from its market value or its book value, called intrinsic value, which is Loop Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Loop Industries' market value can be influenced by many factors that don't directly affect Loop Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Loop Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Loop Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Loop Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.