More To Go Or Is It Over? – Loop Media Inc (LPTV)

Loop Media Inc (AMEX:LPTV) does about 2.90M shares in volume on a normal day but saw 6467332 shares change hands in Monday trading. The company now has a market cap of 9.49M USD. Its current market price is $0.12, marking a decrease of -4.68% compared to the previous close of $0.13. The 52 week high reached by this stock is $3.15 whilst the lowest price level in 52 weeks is $0.10.

Loop Media Inc (LPTV) has a 20-day trading average at $0.1518 and the current price is -96.19% off the 52-week high compared with 18.91% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.2084 and its 200-day simple moving average is $0.4749. If we look at the stock’s price movements over the week, volatility stands at 21.70%, which decreases to 18.55% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 36.43 to suggest the stock is neutral.

The consensus objective for the share price is $1.00, suggesting that the stock has a potential upside of 88.0% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on June 09, 2023 when B. Riley Securities initiated the stock to “Buy” and issued a price target of $5.

Loop Media Inc (LPTV) stock is up 18.91% over the week and -33.05% over the past month. Its price is -87.99% year-to-date and -95.73% over the past year.

To reach the target analysts have set, the stock logically needs to grow 88.0 percent from here.

The company has a return on equity of -7630.76%. Price to sales ratio is 0.37.