Loop Industries Stock Fundamentals
| LOOP Stock | USD 1.18 0.07 5.60% |
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.
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Loop Industries Company Return On Asset Analysis
Loop Industries' Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current Loop Industries Return On Asset | -0.56 |
Most of Loop Industries' fundamental indicators, such as Return On Asset, 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.
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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Based on the latest financial disclosure, Loop Industries has a Return On Asset of -0.5563. This is 175.18% lower than that of the Chemicals sector and 130.4% lower than that of the Materials industry. The return on asset for all United States stocks is notably higher than that of the company.
Loop Industries Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Loop Industries's current stock value. Our valuation model uses many indicators to compare Loop Industries value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Loop Industries competition to find correlations between indicators driving Loop Industries's intrinsic value. More Info.Loop Industries is rated below average in return on equity category among its peers. It also is rated below average in return on asset category among its peers . Comparative valuation analysis is a catch-all technique that is used if you cannot value Loop Industries by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Loop Return On Asset 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 Return On Asset 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 return on asset category among its peers.
Loop Fundamentals
| Return On Equity | -1.4 | ||||
| Return On Asset | -0.56 | ||||
| Operating Margin | (202.00) % | ||||
| Current Valuation | 61.43 M | ||||
| Shares Outstanding | 47.62 M | ||||
| Shares Owned By Insiders | 50.63 % | ||||
| Shares Owned By Institutions | 13.20 % | ||||
| Number Of Shares Shorted | 1.01 M | ||||
| Price To Earning | 479.50 X | ||||
| Price To Book | 7.91 X | ||||
| Price To Sales | 589.36 X | ||||
| Revenue | 153 K | ||||
| Gross Profit | 101 K | ||||
| EBITDA | (20.36 M) | ||||
| Net Income | (21.09 M) | ||||
| Cash And Equivalents | 23.08 M | ||||
| Cash Per Share | 0.49 X | ||||
| Total Debt | 3.32 M | ||||
| Debt To Equity | 0.12 % | ||||
| Current Ratio | 4.53 X | ||||
| Book Value Per Share | 0.30 X | ||||
| Cash Flow From Operations | (18.03 M) | ||||
| Short Ratio | 0.25 X | ||||
| Earnings Per Share | (0.56) X | ||||
| Price To Earnings To Growth | 0.89 X | ||||
| Target Price | 3.95 | ||||
| Number Of Employees | 50 | ||||
| Beta | 1.53 | ||||
| Market Capitalization | 59.53 M | ||||
| Total Asset | 20.55 M | ||||
| Retained Earnings | (176.97 M) | ||||
| Working Capital | 5.57 M | ||||
| Current Asset | 126.19 M | ||||
| Current Liabilities | 19.89 M | ||||
| Net Asset | 20.55 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.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. It employs 92 people.
Pair Trading with Loop Industries
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Loop Industries position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Loop Industries will appreciate offsetting losses from the drop in the long position's value.Moving against Loop Stock
| 0.41 | BSLKW | Bolt Projects Holdings, Symbol Change | PairCorr |
The ability to find closely correlated positions to Loop Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Loop Industries when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Loop Industries - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Loop Industries to buy it.
The correlation of Loop Industries is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Loop Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Loop Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Loop Industries can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional 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.