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Loma Negra Compania Industrial Argentina Sociedad Anonima ADR (LOMA) – Don’t Be So Quick to Call it Dead

Loma Negra Compania Industrial Argentina Sociedad Anonima ADR (NYSE: LOMA) is -7.76% lower on its value in year-to-date trading and has touched a low of $5.50 and a high of $7.42 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LOMA stock was last observed hovering at around $6.78 in the last trading session, with the day’s loss setting it -0.24%.

Currently trading at $6.54, the stock is 0.42% and -3.23% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.9 million and changing -3.54% at the moment leaves the stock 0.70% off its SMA200. LOMA registered 6.03% gain for a year compared to 6-month gain of 9.00%. The firm has a 50-day simple moving average (SMA 50) of $0.01 and a 200-day simple moving average (SMA200) of $0.03.

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The stock witnessed a -2.53% loss in the last 1 month and extending the period to 3 months gives it a -1.65%, and is -0.46% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.71% over the week and 4.20% over the month.

Loma Negra Compania Industrial Argentina Sociedad Anonima ADR (LOMA) has around 2886 employees, a market worth around $779.57M and $892.19M in sales. Current P/E ratio is 7.15 and Fwd P/E is 6.61. Profit margin for the company is 11.98%. Distance from 52-week low is 18.85% and -11.86% from its 52-week high. The company has generated returns on investments over the last 12 months (14.95%).

Loma Negra Compania Industrial Argentina Sociedad Anonima ADR quarterly earnings per share for the current quarter are estimated at -$0.16 with sales reaching $146.69M over the same period.The EPS is expected to grow by 3901.34% this year, but quarterly earnings will post 0.60% year-over-year. Quarterly sales are estimated to shrink -8.20% in year-over-year returns.

54 institutions hold shares in Loma Negra Compania Industrial Argentina Sociedad Anonima ADR (LOMA), with institutional investors hold 19.41% of the company’s shares. The shares outstanding are 119.20M, and float is at 119.20M with Short Float at 0.32%. Institutions hold 19.41% of the Float.

The top institutional shareholder in the company is Capital International Investors with over 7.1 million shares valued at $48.28 million. The investor’s holdings represent 59.57% of the LOMA Shares outstanding. As of Jun 29, 2023, the second largest holder is Redwood Capital Management, LLC with 5.87 million shares valued at $39.94 million to account for 49.27% of the shares outstanding. The other top investors are Mirae Asset Global Investments Co., Ltd. which holds 1.4 million shares representing 11.71% and valued at over $9.49 million, while Autonomy Capital (jersey) L.p. holds 10.15% of the shares totaling 1.21 million with a market value of $8.23 million.

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