How to Buy Loop Industries Stock
Loop Industries Inc
Loop Industries, Inc. , a technology company, focuses on depolymerizing waste polyethylene terephthalate (PET) plastics and polyester fibers into base building blocks.
Loop Industries stock last closed at $3.44, down 3.78% from the previous day, and has decreased 61.33% in one year. It has underperformed other stocks in the Specialty Chemicals industry by 0.6 percentage points. Loop Industries stock is currently +86.45% from its 52-week low of $1.85, and -63.79% from its 52-week high of $9.50.
As of Mar 31, 2023, there are 47.47M LOOP shares outstanding. The market capitalization of LOOP is $163.29M. In the last 24 hours, 179,590 LOOP shares were traded.
How to Buy Loop Industries Stock
Wondering how to invest in Loop Industries stock? Here's how.
- Choose where to buy Loop Industries stock: You need to decide on a stock brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you determine where to buy Loop Industries stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Choose your method of payment and add your information.
- Analyze Loop Industries stock: The Loop Industries ticker symbol is LOOP. Is Loop Industries stock a good investment? Should you buy shares of LOOP? How do LOOP's underlying business fundamentals look? Do top analysts think Loop Industries is a good buy? Why has LOOP's stock price moved recently? (Hint: Our stock research website can help you evaluate if LOOP is a good stock to buy).
- Place your LOOP trade: Decide if you will purchase LOOP shares at the current market price or use a limit order to purchase LOOP stock at a particular price.
- Get the latest scoop on your LOOP position: Create a watchlist to get the latest news on your new investment in Loop Industries shares.
Step 1: Choose where to buy Loop Industries stock
You need a brokerage account in order to access the NASDAQ market and buy LOOP shares.
Our preferred brokerage: eToro
Based on our analysis, eToro is the best place to buy stocks. Here's why:
- You can invest in stocks with zero commissions: Invest without commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still buy the stock.
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- Social investing: eToro boasts a community with more than 20 million users around the world. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of stock by signing up for an account with eToro now.
Open eToro AccountStep 2: Create a brokerage account
Now that you've selected the right brokerage, you'll need to fill out some personal info so you are able to invest in LOOP stock today.
How to Open a New Account on eToro
- Click here to get started.
- Input your personal info to open your new brokerage account.
- Send your data by clicking the "Create Account" button.
Step 3: Fund your brokerage account
Now that you have finished signing up on apps for stock market, you need to deposit funds:
Check out the walkthrough below for more details transferring money into your new brokerage account.
Step 4: Analyze Loop Industries stock
After you have decided on the best place to buy Loop Industries stock, it's very important to analyze their stock prior to investing, so you truly wrap your head around the risk as well as the upside.
Overview of key LOOP info
LOOP Due Diligence Checks
WallStreetZen was designed to help average investors do more in-depth fundamental analysis.
You can view all of the due diligence checks on LOOP's stock page.
Is LOOP stock properly valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge LOOP's true value.
Using relative valuations measures:
- LOOP could be overvalued based on its P/B ratio of 5.75x, relative to Specialty Chemicals industry P/B ratio of 3.63x
You can access more valuation analysis on LOOP's stock here.
A look at LOOP Cashflows and Balance Sheet
Positive Financial Indicators:
- There are more short-term assets than short-term liabilities on the LOOP balance sheet.
- There are more short-term assets than long-term liabilities on the LOOP balance sheet.
- LOOP has a low debt to equity ratio of 0.4.
Negative Financial Indicators:
- LOOP has $25.62M in cash and short term investments. This is not sufficient to cover its annual cash burn of $36.47M.
- LOOP profit margin has gone down from N/A to -25,566.9% in the past year.
- Total LOOP debt is higher than 5 years ago, relative to shareholder equity.
- LOOP has cash burn of 36471867. It does not have enough cash and short-term investments to cover this.
LOOP Trading Indicators
Who is buying/selling LOOP?
Over the past year, insiders at LOOP have bought more shares than they have sold.
Yves Perron, VP Engineering & Construction of LOOP, was the latest LOOP insider to buy. They bought $19,994.70 worth of LOOP stock on May 31, 2022.
Learn more about who owns LOOP stock here.
Does LOOP stock generate passive income?
No, Loop Industries doesn't provide an income stream by paying out dividends.
What do other traders have to say about LOOP?
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Place your LOOP trade
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally the easiest way to buy. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at an exact price limit, use a limit order.
Hit the Open button and eToro will execute your order.
If you want additional info about investing in stocks on eToro, watch the helpful video below:
Step 6: Get the latest scoop on your LOOP position
Now that you own some LOOP shares, you'll want to stay up-to-date on your shares.
Put LOOP on a watchlist to keep track of your LOOP stock.
LOOP Feed
How to Buy Stock in Loop Industries
To reiterate, here are the 6 steps you need to take to buy Loop Industries stock right now:
- Choose where to buy Loop Industries stock
- Create a brokerage account
- Fund your brokerage account
- Analyze Loop Industries stock
- Place your LOOP trade
- Get the latest scoop on your LOOP position
If you require a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to get notifications regarding your investment in Loop Industries, add LOOP to your watchlist below.
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