Loop Media Inc (AMEX: LPTV) has experienced a rise in its stock price by 10.91 compared to its previous closing price of 0.31. However, the company has seen a gain of 15.42% in its stock price over the last five trading days. Business Wire reported 2024-04-30 that BURBANK, Calif.–(BUSINESS WIRE)–Loop Media, Inc. (“Loop Media”) (NYSE American: LPTV), a leading multichannel streaming CTV platform that provides curated music videos, sports, news, premium entertainment channels and digital signage for businesses, will host a conference call on Friday, May 3, 2024, at 5:00 p.m. Eastern time to discuss its financial and operating results for its 2024 fiscal second quarter ended March 31, 2024. Loop Media’s management will host the conference call. Below are.
Is It Worth Investing in Loop Media Inc (AMEX: LPTV) Right Now?
Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for LPTV is 30.41M, and currently, short sellers hold a 6.18% ratio of that floaft. The average trading volume of LPTV on May 02, 2024 was 187.46K shares.
LPTV’s Market Performance
LPTV’s stock has seen a 15.42% increase for the week, with a 5.78% rise in the past month and a -51.35% fall in the past quarter. The volatility ratio for the week is 8.78%, and the volatility levels for the past 30 days are at 13.78% for Loop Media Inc The simple moving average for the past 20 days is 8.03% for LPTV’s stock, with a -56.56% simple moving average for the past 200 days.
Analysts’ Opinion of LPTV
Many brokerage firms have already submitted their reports for LPTV stocks, with B. Riley Securities repeating the rating for LPTV by listing it as a “Buy.” The predicted price for LPTV in the upcoming period, according to B. Riley Securities is $5 based on the research report published on June 09, 2023 of the previous year 2023.
ROTH Capital, on the other hand, stated in their research note that they expect to see LPTV reach a price target of $6.50. The rating they have provided for LPTV stocks is “Buy” according to the report published on October 17th, 2022.
LPTV Trading at -16.87% from the 50-Day Moving Average
After a stumble in the market that brought LPTV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -93.51% of loss for the given period.
Volatility was left at 13.78%, however, over the last 30 days, the volatility rate increased by 8.78%, as shares surge +7.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -27.18% lower at present.
During the last 5 trading sessions, LPTV rose by +15.42%, which changed the moving average for the period of 200-days by -87.43% in comparison to the 20-day moving average, which settled at $0.3165. In addition, Loop Media Inc saw -65.94% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for LPTV
Current profitability levels for the company are sitting at:
- -0.91 for the present operating margin
- 0.34 for the gross margin
The net margin for Loop Media Inc stands at -1.07. The total capital return value is set at 13.25. Equity return is now at value -7630.76, with -126.86 for asset returns.
Based on Loop Media Inc (LPTV), the company’s capital structure generated 2.76 points at debt to capital in total, while cash flow to debt ratio is standing at -1.94. The debt to equity ratio resting at -1.57. The interest coverage ratio of the stock is -7.57.
Currently, EBITDA for the company is -26.12 million with net debt to EBITDA at -0.19. When we switch over and look at the enterprise to sales, we see a ratio of 0.9. The receivables turnover for the company is 5.09for trailing twelve months and the total asset turnover is 1.87. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.64.
Conclusion
In a nutshell, Loop Media Inc (LPTV) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
