The biggest losers of the session on the Wall Street include Loma Negra Compania Industrial Argentina Sociedad Anonima (NYSE:LOMA), which fell -0.45 points or -4.5% to trade at $9.55 as last check. The stock closed last session at $10 and sets an active trading volume day with a reported 98655 contracts so far this session. LOMA shares had a relatively better volume day versus average trading capacity of 380.74 thousand shares, but with a 58.36 million float and a -2.34% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for LOMA stock indicates that the average analyst price target is $13.5 per share. This means the stock has a potential increase of 41.36% from where the LOMA share price has been trading recently which is between $9.86 and $10.14. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $9.7.
The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Loma Negra Compañía Industrial Argentina Sociedad Anónima (LOMA) Q1 2019 Earnings Call Transcript” and dated May 10, 2019.
During the recent trading session for Loma Negra Compania Industrial Argentina Sociedad Anonima (NYSE:LOMA), the company witnessed their stock drop by $-0.71 over a week and tumble down $-1.68 from the price 20 days ago. When compared to their established 52-week high of $16.01, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 05/18/18. The recent low of $6.36 stood for a -40.37% since 08/30/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Loma Negra Compania Industrial Argentina Sociedad Anonima, the two-week RSI stands at 36.91. This figure suggests that LOMA stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current LOMA readings is similarly very revealing as it has a stochastic reading of 35.1% at this stage. This figure means that LOMA share price today is being neutral.
Technical chart claims that Loma Negra Compania Industrial Argentina Sociedad Anonima (LOMA) would settle between $10.14/share to $10.28/share level. However, if the stock price goes below the $9.86 mark, then the market for Loma Negra Compania Industrial Argentina Sociedad Anonima becomes much weaker. If that happens, the stock price might even plunge as low as $9.72 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.13. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Morgan Stanley, assumed coverage of LOMA assigning Overweight rating, according to their opinion released on May 30. UBS analysts have lowered their rating of Loma Negra Compania Industrial Argentina Sociedad Anonima (NYSE:LOMA) stock from Buy to Sell in a separate flash note issued to investors on May 14. Analysts at Morgan Stanley released an upgrade from Equal-Weight to Overweight for the stock, in a research note that dated back to May 08.
LOMA equity has an average rating of 2.6, with the figure leaning towards a bullish end. 10 analysts who tracked the company were contacted by Reuters. Amongst them, 2 rated the stock as a hold while the remaining 8 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 6 analysts rated Loma Negra Compania Industrial Argentina Sociedad Anonima (NYSE:LOMA) as a buy or a strong buy while 2 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.