Loop Industries Stock Beta
| LOOP Stock | USD 2.75 0.07 2.61% |
Loop Industries fundamentals help investors to digest information that contributes to Loop Industries' financial success or failures. It also enables traders to predict the movement of Loop Stock. The fundamental analysis module provides a way to measure Loop Industries' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Loop Industries stock.
Loop | Beta |
Loop Industries Company Beta Analysis
Loop Industries' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Loop Industries Beta | 1.44 |
Most of Loop Industries' fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Loop Industries is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Loop Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Loop Industries is extremely important. It helps to project a fair market value of Loop Stock properly, considering its historical fundamentals such as Beta. Since Loop Industries' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Loop Industries' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Loop Industries' interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Loop Industries has a Beta of 1.437. This is 65.17% higher than that of the Chemicals sector and 30.64% higher than that of the Materials industry. The beta for all United States stocks is notably lower than that of the firm.
Loop Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Loop Industries' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Loop Industries could also be used in its relative valuation, which is a method of valuing Loop Industries by comparing valuation metrics of similar companies.Loop Industries is currently under evaluation in beta category among related companies.
Loop Industries 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.| 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 |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Loop Industries will likely underperform.
Loop Fundamentals
| Return On Equity | -0.45 | ||||
| Return On Asset | -0.41 | ||||
| Operating Margin | (169.08) % | ||||
| Current Valuation | 121.33 M | ||||
| Shares Outstanding | 47.53 M | ||||
| Shares Owned By Insiders | 60.02 % | ||||
| Shares Owned By Institutions | 5.68 % | ||||
| Number Of Shares Shorted | 801.31 K | ||||
| Price To Earning | 479.50 X | ||||
| Price To Book | 6.99 X | ||||
| Price To Sales | 1,093 X | ||||
| Revenue | 172.84 K | ||||
| EBITDA | (37.59 M) | ||||
| Net Income | (21.3 M) | ||||
| Cash And Equivalents | 23.08 M | ||||
| Cash Per Share | 0.49 X | ||||
| Total Debt | 3.3 M | ||||
| Debt To Equity | 0.12 % | ||||
| Current Ratio | 4.53 X | ||||
| Book Value Per Share | 0.40 X | ||||
| Cash Flow From Operations | (34.89 M) | ||||
| Short Ratio | 21.07 X | ||||
| Earnings Per Share | (0.23) X | ||||
| Price To Earnings To Growth | 0.89 X | ||||
| Target Price | 6.65 | ||||
| Number Of Employees | 60 | ||||
| Beta | 1.44 | ||||
| Market Capitalization | 127.38 M | ||||
| Total Asset | 40.56 M | ||||
| Retained Earnings | (155.88 M) | ||||
| Working Capital | 32.84 M | ||||
| Current Asset | 126.19 M | ||||
| Current Liabilities | 19.89 M | ||||
| Net Asset | 40.56 M |
About Loop Industries Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Loop Industries's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Loop Industries using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Loop Industries based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Try AI Portfolio ArchitectCheck out Loop Industries Piotroski F Score and Loop Industries Altman Z Score analysis. To learn how to invest in Loop Stock, please use our How to Invest in Loop Industries guide.You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
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.