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Gabelli Funds to Host 10th Annual Waste & Environmental Services Symposium Thursday, April 4, 2024
Globe Newswire (Mon, 1-Apr 3:16 PM ET)
ACCESSWIRE (Mon, 25-Mar 4:02 PM ET)
Gabelli Funds to Host 10th Annual Waste & Sustainability Symposium Thursday, April 4, 2024
Globe Newswire (Mon, 18-Mar 8:00 AM ET)
Loop Industries to Present at The 36th Annual Roth Conference
ACCESSWIRE (Thu, 15-Feb 11:16 AM ET)
Loop Industries Inc is a technology and licensing company whose mission is to accelerate the world's shift toward sustainable plastic and away from dependence on fossil fuels. The company owns patented and proprietary technology that depolymerizes no and low value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpet and polyester textile of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). Its monomers are filtered, purified and repolymerized to create virgin-quality Loop branded PET plastic resin and polyester fiber suitable for use in food-grade packaging to be sold to consumer goods companies to help them meet their sustainability objectives.
Loop Industries trades on the NASDAQ stock market under the symbol LOOP.
As of April 17, 2024, LOOP stock price declined to $2.68 with 26,270 million shares trading.
LOOP has a beta of 0.72, meaning it tends to be less sensitive to market movements. LOOP has a correlation of 0.03 to the broad based SPY ETF.
LOOP has a market cap of $127.31 million. This is considered a Micro Cap stock.
Last quarter Loop Industries reported $26,000 in Revenue and -$.09 earnings per share. This fell short of revenue expectation by $-4,000 and missed earnings estimates by -$.02.
In the last 3 years, LOOP stock traded as high as $18.20 and as low as $1.85.
The top ETF exchange traded funds that LOOP belongs to (by Net Assets): VXF, CCSO, DFSU.
LOOP has underperformed the market in the last year with a price return of -11.3% while the SPY ETF gained +23.0%. LOOP has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -26.8% and -10.7%, respectively, while the SPY returned +5.7% and -3.5%, respectively.
LOOP support price is $2.73 and resistance is $2.99 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LOOP stock will trade within this expected range on the day.