The market rally sputtered last week. The Nasdaq Composite fell 1.44%, breaking an eight-week win streak. The S&P 500 dipped 1.01%, ending a five-week streak. The Dow which has underperformed in 2023, shed 1.67% to halt a three-week positive run.
One stock that we would like to draw your immediate attention to is Loop Media, Inc (NYSE American: LPTV). LPTV is currently trading at $2.90. Earlier in June, leading financial services firm B. Riley Securities has announced the initiation of coverage on Loop Media, Inc. (NYSE American: LPTV) with a bullish rating and a 12-month target of $5 per share. The move comes as Loop Media, Inc. (NYSE American: LPTV) is poised to benefit from the ongoing shift of advertising budgets towards digital options. B. Riley Securities predicts strong revenue growth for DOOH advertising in the coming years, positioning Loop Media for success (Source: https://newstrendingreports.com/wp-content/uploads/sites/13/2023/06/2023-06-08-Initiation-LPTV.pdf)
Loop Media, Inc (NYSE American: LPTV) is a leading digital out of home (DOOH) TV and digital signage platform optimized for businesses, providing free music video, news, sports and entertainment channels through its Loop TV service. Loop Media is the leading company in the U.S. licensed to stream music videos to businesses through its proprietary Loop Player. Loop Media’s digital video content reaches millions of viewers in DOOH locations including bars/restaurants, office buildings, retail businesses, college campuses, airports and on free ad-supported TV platforms and at local gas stations on GSTV terminals in the United States.
Loop is fueled by one of the largest and most important short form entertainment libraries that includes music videos, movie trailers, branded content and live performances. Loop Media’s non-music channels cover a multitude of genres and moods and include movie trailers, sports highlights, lifestyle and travel videos, viral videos and more. Loop Media’s streaming services generate revenue from advertising, sponsorships, integrated marketing and branded content, and from subscriptions.
On June 22, 2023, Loop Media, Inc (NYSE American: LPTV) and Orange Door, an established music, video and entertainment distributor in New Zealand, announced that Loop Media has been added to Orange Door’s portfolio of offerings in New Zealand.
This partnership allows Orange Door and Loop Media to further expand Orange Door’s offerings in New Zealand and Australia and the opportunity to work with all business verticals – including healthcare, office buildings, retail, grocery and c-store sectors – which were previously inaccessible to Orange Door.
“By working with Loop Media, we are able to further penetrate into the out-of-home market starting in New Zealand,” said Ross Vickers, CEO of Orange Door. “We can now offer additional opportunities and service to the retail, fitness, medical and hospitality sectors with the best-in-class Loop Player and its curated entertainment channels.
Prior to this, on June 08, 2023, Loop Media, Inc. (NYSE American: LPTV) and Pypestream, the leading self-service automation platform with an all-in-one cloud messaging and conversational AI, announced a strategic partnership that brings AI to Loop Media’s curated entertainment business venue experience.
Loop Media now provides businesses with AI generated information to make sure the right content is playing at the right time for the right audience in each location. Similar to the major music streaming services, Loop and Pypestream are leveraging the abilities of machine learning to understand business processes, making it possible to identify the most logical content recommendations based on demographic, operator preference, venue style and business type among other data.
To find out 7 Reasons why Loop Media, Inc. (AMEX: LPTV) is Poised for Meaningful Growth in 2023, Click HERE
Friday’s stock market trading session witnessed a flurry of activity, with several stocks capturing investors’ attention. We will delve into the top active stocks for Friday, analyzing their price movements, trading volumes, market capitalizations, and other key metrics. Let’s explore the performance of Tesla, Inc. (TSLA), Nu Holdings Ltd. (NU), Marathon Digital Holdings, Inc. (MARA), Coupang, Inc. (CPNG), and CNH Industrial N.V. (CNHI).
Tesla, Inc. (TSLA): Tesla, Inc., the renowned electric vehicle manufacturer led by visionary entrepreneur Elon Musk, garnered significant interest on Friday. TSLA shares opened at a price of $256.60 per share and experienced a decline of -8.01 (-3.03%). With a massive trading volume of 177.461 million, surpassing its average volume of 137.145 million over the past three months, Tesla’s market capitalization stands at an impressive $813.294 billion. The price-to-earnings ratio (TTM) for TSLA is 76.37, and its 52-week range is yet to be specified.
Nu Holdings Ltd. (NU): Nu Holdings Ltd., a lesser-known company, displayed positive movement in its stock price on Friday. Starting the day at $7.56 per share, NU observed a modest increase of +0.07 (+0.93%). The trading volume for NU reached a substantial 166.408 million, surpassing the average volume of 27.302 million over the past three months. Nu Holdings boasts a market capitalization of $35.493 billion, although the price-to-earnings ratio is not available at this time.
Marathon Digital Holdings, Inc. (MARA): Marathon Digital Holdings, Inc., a prominent player in the cryptocurrency mining sector, showcased remarkable growth on Friday. Opening at $12.71 per share, MARA witnessed a notable increase of +0.88 (+7.44%). The trading volume for this stock amounted to 87.494 million, exceeding its three-month average volume of 35.882 million. With a market capitalization of $2.128 billion, Marathon Digital Holdings’ price-to-earnings ratio is currently unavailable.
Coupang, Inc. (CPNG): Coupang, Inc., a leading South Korean e-commerce company, attracted attention with its stock performance on Friday. CPNG began the day at $16.60 per share, experiencing a slight decline of -0.12 (-0.72%). The trading volume for CPNG reached 78.863 million, while the average volume over the past three months stood at 8.194 million. Coupang, Inc. currently holds a market capitalization of $29.529 billion, with a price-to-earnings ratio (TTM) of 138.33.
CNH Industrial N.V. (CNHI): CNH Industrial N.V., a multinational industrial conglomerate, faced a downward trend in its stock price on Friday. Starting the day at $13.73 per share, CNHI witnessed a decline of -0.65 (-4.52%). The trading volume for CNHI amounted to 77.562 million, surpassing its three-month average volume of 6.555 million. CNH Industrial N.V. possesses a market capitalization of $18.346 billion and a price-to-earnings ratio (TTM) of 8.97.
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