Meanwhile, H.C. Wainwright downgraded its Loop Industries Inc [LOOP] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including H.C. Wainwright’s analysts, who increased its forecast for the stock in early October from “a Neutral” to “a Buy”. H.C. Wainwright also remained covering LOOP and has decreased its forecast on January 22, 2021 with a “Neutral” recommendation from previously “Buy” rating. ROTH Capital started covering the stock on October 14, 2019. It rated LOOP as “a Buy”.
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Price Performance Review of LOOP
On Friday, Loop Industries Inc [NASDAQ:LOOP] saw its stock jump 48.78% to $1.83. Over the last five days, the stock has gained 40.88%. Loop Industries Inc shares have fallen nearly -51.59% since the year began. Nevertheless, the stocks have fallen -48.88% over the past one year. While a 52-week high of $4.70 was reached on 01/10/24, a 52-week low of $1.17 was recorded on 08/22/24. SMA at 50 days reached $1.4430, while 200 days put it at $2.0451.
Levels Of Support And Resistance For LOOP Stock
The 24-hour chart illustrates a support level at 1.6001, which if violated will result in even more drops to 1.3702. On the upside, there is a resistance level at 1.9999. A further resistance level may holdings at 2.1698. The Relative Strength Index (RSI) on the 14-day chart is 70.98, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0497, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 14.85%. Stochastics %K at 31.93% indicates the stock is a holding.
How much short interest is there in Loop Industries Inc?
A steep rise in short interest was recorded in Loop Industries Inc stocks on 2024-11-29, growing by 514.0 shares to a total of 0.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.7 million shares. There was a rise of 0.07%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 26, 2019 when H.C. Wainwright began covering the stock and recommended ‘”a Buy”‘ rating along with a $12 price target.
