If you’re on the hunt for stocks to watch today, Loma Negra Compania Industrial Argentina Sociedad Anonima (NYSE:LOMA) is a stock to give close attention to. The company shares are trading 3.6% or 0.42 points down from last closing price of $11.68, reaching $11.26 at last check. The LOMA share price has dropped in 2 of the last 5 days and is down -2.83% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -253,929 shares, and in total 263471 shares valued at $2.967 million were seen changing hands compared with 517400 shares valued at $6.043 million recorded at the previous session. You should take into consideration that a falling volume on lower prices shows the bearish trend but this is an early indication which means that the LOMA stock is near its bottom.
Loma Negra Compania Industrial Argentina Sociedad Anonima (LOMA) shares have notched a 3-month decline of about -2.83%, but has still advanced 4.94% year to date. By comparison, the stock sank -12.84% over the past 12 months, while it jumped 20.66% over the 1 month. The company’s market cap is around $1.39B, with its short interest ratio standing at 0.73%.
In the current trading session for LOMA, the stock witnessed two major price actions, it rose to a high of $11.66 and was down as much as $11.16 at one point. The high recorded is very low when compared to their 52-week high which is $6.36. The 52-week high is now at -16.29 distance from current price. Their recent low of $13.44 represents a 76.88% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for LOMA is $13.6, this is above the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
LOMA‘s last price was up 8.39% as compared to the average trading price of 50 days recorded at $10.39 while enlarging the period to 200 trading days, the average closing price was $10.34. At present, there are 119.21 million in the total number of common shares owned by the public and among those 58.36 million shares have been available to trade. The percentage of shares being held by the company management was 0.07% while institutions stake was 39.1%. The company has generated negative returns on equity over the last 12 months (0%). It managed to keep its gross profit margin at 0% over the past 12 months.
When assessing the full upside of the LOMA stock, there is another set of technicals that should be looked into and considered. Its 11.81% gain from moving average of $10.07 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of 0 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of Loma Negra Compania Industrial Argentina Sociedad Anonima — 1 analysts rate the stock as a buy with another 0 rating it strong buy. There are 1 analysts who maintain a hold rating for the stock, with 1 giving it a sell rating. Analysts arrived at a 12-month price target of $13 on shares of Loma Negra Compania Industrial Argentina Sociedad Anonima (NYSE:LOMA), which corresponds to 15.66% upside potential than its current market price of $11.26 and implies potential despite the recent drop in the price. However, their current target price has fallen from $16.6667 a month ago and is down handily from the consensus target of $17.875 a quarter ago.
In the last five years, the EPS of the company has been roughly 0%. Though the percentage looks disappointing, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 2.94%. The revenue of the company has retreated at an average annualized rate of about 0 over the last five years. The company recently recorded an increase of 3.6%, but this figure is rather unattractive.
Let’s briefly check the hedge fund interest towards LOMA stock. Marshall Wace North America L.P. added position in the company after it grew 24.3% or 196,909 shares of its common stock. The hedge fund now owns 244,758 shares worth $2,755,975, SEC documents show. FMR LLC shored up assets in the stock as 97959.31 shares have been purchased, increasing its stake by 15.5% to 113,143 shares which are currently valued at $1,273,990. In addition, Jane Street Group LLC recently reported that it now owns 18,355 shares making a total of $206,677 based on the recent price. This refelects a change of 50% in their ownership.