Loar Holdings Inc [LOAR] stock is trading at $78.02, up 3.99%. An important factor to consider is whether the stock is rising or falling in short-term value. The LOAR shares have gain 4.19% over the last week, with a monthly amount drifted -1.64%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Loar Holdings Inc [NYSE: LOAR] stock has seen the most recent analyst activity on June 03, 2024, when Jefferies initiated its Buy rating and assigned the stock a price target of $65. Previously, RBC Capital Mkts started tracking the stock with Outperform rating on May 20, 2024, and set its price target to $60. On May 20, 2024, Morgan Stanley initiated with a Equal-Weight rating and assigned a price target of $55 on the stock. Citigroup started tracking the stock assigning a Buy rating and suggested a price target of $64 on May 20, 2024.
Loar Holdings Inc [LOAR] stock has fluctuated between $42.57 and $96.99 over the past year. Currently, Wall Street analysts expect the stock to reach $86.5 within the next 12 months. Loar Holdings Inc [NYSE: LOAR] shares were valued at $78.02 at the most recent close of the market. An investor can expect a potential return of 10.87% based on the average LOAR price forecast.
Analyzing the LOAR fundamentals
Loar Holdings Inc [NYSE:LOAR] reported sales of 378.81M for the trailing twelve months, which represents a growth of 25.01%. Gross Profit Margin for this corporation currently stands at 0.49% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.03 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.79.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 77.28 points at the first support level, and at 76.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 78.92, and for the 2nd resistance point, it is at 79.83.
Ratios To Look Out For
For context, Loar Holdings Inc’s Current Ratio is 3.95. On the other hand, the Quick Ratio is 2.28, and the Cash Ratio is 0.94. Considering the valuation of this stock, the price to sales ratio is 19.27, the price to book ratio is 9.09 and price to earnings (TTM) ratio is 389.71.
Transactions by insiders
Recent insider trading involved LEVY PAUL S, Director, that happened on Dec 12 ’24 when 0.25 million shares were sold., Manella Michael J. completed a deal on Dec 12 ’24 to sell 28153.0 shares. Meanwhile, D’Alessandro Glenn sold 28518.0 shares on Dec 12 ’24.
