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 $2.66, down 0.71% from the previous day, and has decreased 7.32% in one year. It has underperformed other stocks in the Specialty Chemicals industry by 0.16 percentage points. Loop Industries stock is currently +2.7% from its 52-week low of $2.59, and -43.4% from its 52-week high of $4.70.
As of Apr 18, 2024, there are 47.53M LOOP shares outstanding. The market capitalization of LOOP is $126.43M. In the last 24 hours, 5884 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
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- 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.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to open your new brokerage account.
- Send your data by clicking the "Create Account" button. Get started with eToro today
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 6.69x, relative to Specialty Chemicals industry P/B ratio of 3.36x
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 long-term liabilities on the LOOP balance sheet.
- LOOP has a low debt to equity ratio of 0.31.
- LOOP has $10.37M in cash and short term investments. This is sufficient to cover its annual cash burn of $7.25M.
- LOOP has cash burn of 7251614. It has enough cash and short-term investments to cover this for at least one year.
- Total LOOP debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the LOOP balance sheet.
Negative Financial Indicators:
- LOOP profit margin has gone up by 167.76 percentage points in the past year, but the company is still unprofitable.
You can dive deeper into what analysts are projecting on the Loop Industries stock forecast page.
LOOP Trading Indicators
LOOP Performance Metrics
Last year, LOOP revenue was $119.49k. During the past one years, LOOP's revenue has grown by -25.32% per year. This was slower than the Specialty Chemicals industry average of 9.42%.
Dig into LOOP's earnings and revenue performance here.
Who is buying/selling LOOP?
Over the last 12 months, insiders at LOOP have not bought or sold any shares.
Get more info about who owns LOOP stock here.
Can I get consistent income from LOOP stock?
No, Loop Industries doesn't provide an income stream by paying out dividends.
LOOP Social Trading Data
One of the reasons eToro is our top-rated 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 main 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 usually fine for most investors. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a specific dollar amount limit, place a limit order.
Press the Open button and eToro will place the order.
If you need additional help with investing in stocks on eToro, click the how to video below:
Step 6: Get the latest scoop on your LOOP position
Now that you own some shares in LOOP, you'll want to keep up with your investment.
Create a watchlist to track your LOOP stock.
LOOP Feed
How to Buy Stock in Loop Industries
To summarize, here are the 6 steps to buy stock in Loop Industries:
- 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 recommended venue.
Get Started with eToro TodayIf you would like to watch your investment in Loop Industries, create your watchlist below.
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