Loop Industries Inc. (NASDAQ:LOOP) shares fell to a low of $13.14 before closing at $13.57. Intraday shares traded counted 0.59 million, which was -268.91% lower than its 30-day average trading volume of 160.88K. LOOP’s previous close was $13.14 while the outstanding shares total 42.39M. The firm has a beta of 0.98. The stock’s Relative Strength Index (RSI) is 85.40, with weekly volatility at 10.89% and ATR at 0.75. The LOOP stock’s 52-week price range has touched low of $5.70 and a $13.96 high. The stock traded higher over the last trading session, gaining 3.27% on 06/09/21.
Investors have identified the Specialty Chemicals company Loop Industries Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $488.66 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Loop Industries Inc. (LOOP) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For LOOP, the company has in raw cash 35.22 million on their books with 0.94 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 37.6 million total, with 9.06 million as their total liabilities.
LOOP were able to record -24.23 million as free cash flow during the 11/03/2021 quarter of the year, this saw their quarterly net cash flow reduce by 1.5 million. In cash movements, the company had a total of -22.49 million as operating cash flow.
Potential earnings growth for Loop Industries Inc. (LOOP)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 11/03/2021 quarter of the year, Loop Industries Inc. recorded a total of 13.11 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 73.6% coming in sequential stages and their sales for the 11/03/2021 quarter increasing by 30.56%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent -13.11 million trying to sell their products during the last quarter, with the result yielding a gross income of 56000.0. This allows shareholders to hold on to 42.39M with the recently reported earning now reading -0.32 cents per share. This is a figure that compared to analystâ€™s prediction for their 11/03/2021 (-0.32 cents a share).
Having a look at the companyâ€™s valuation, the company is expected to record -0.41 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on LOOP sounds very interesting.
Is the stock of LOOP attractive?
In related news, COO and CFO, Gentiletti Nelson bought 5,000 shares of the companyâ€™s stock in a transaction that recorded on Oct 14. The purchase was performed at an average price of 7.30, for a total value of 36,525. As the purchase deal closes, the President and CEO, Solomita Daniel now bought 10,000 shares of the companyâ€™s stock, valued at 73,080. Also, Director, Sellyn Laurence G. bought 10,000 shares of the companyâ€™s stock in a deal that was recorded on Oct 13. The shares were cost at an average price of 8.04 per share, with a total market value of 80,390. Following this completion of disposal, the Director, Stubina Jay Howard now holds 10,000 shares of the companyâ€™s stock, valued at 85,800. In the last 6 months, insiders have changed their ownership in shares of company stock by 63.23%.
1 out of 2 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on Loop Industries Inc.. 0 analysts has assigned a Sell rating on the LOOP stock. The 12-month mean consensus price target for the companyâ€™s shares has been set at $16.00.