Is There More Upside Ahead For Loop Media Inc (AMEX: LPTV)

Loop Media Inc (LPTV) concluded trading on Tuesday at a closing price of $0.16, with 9.99 million shares of worth about $1.6 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -78.64% during that period and on June 18, 2024 the price saw a gain of about 1.19%. Currently the company’s common shares owned by public are about 65.62M shares, out of which, 34.13M shares are available for trading.

Stock saw a price change of -10.06% in past 5 days and over the past one month there was a price change of -40.32%. Year-to-date (YTD), LPTV shares are showing a performance of -83.81% which decreased to -94.96% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.16 but also hit the highest price of $3.25 during that period. The average intraday trading volume for Loop Media Inc shares is 551.01K. The stock is currently trading -18.74% below its 20-day simple moving average (SMA20), while that difference is down -36.24% for SMA50 and it goes to -68.32% lower than SMA200.

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Loop Media Inc (AMEX: LPTV) currently have 65.62M outstanding shares and institutions hold larger chunk of about 9.43% of that.

The stock has a current market capitalization of $12.80M. It has posted earnings per share of -$0.48 in the same period. It has Quick Ratio of 0.42. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LPTV, volatility over the week remained 17.88% while standing at 16.26% over the month.

Stock’s fiscal year EPS is expected to rise by 38.39% while it is estimated to increase by 30.43% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by B. Riley Securities on June 09, 2023 offering a Buy rating for the stock and assigned a target price of $5 to it. Coverage by ROTH Capital stated Loop Media Inc (LPTV) stock as a Buy in their note to investors on October 17, 2022, suggesting a price target of $6.50 for the stock.

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