LendingClub Corporation (NYSE:LC) finished Wednesday with an addition of $1.03 to close at $32.23, an upside of 3.30 percent. An average of 2,795,580 shares of common stock have been traded in the last five days. There was a gain of $3.62 in the past week. The last 20 days have seen an average of 1,948,540 shares traded, while the 50-day average volume stands at 1,861,950.
LC stock has increased by 12.10% in the last month. The company shares reached their 1-month lowest point of $26.34 on 09/20/21. With the stock rallying to its 52-week high on 09/07/21, shares of the company touched a low of $4.40 and a high of $33.30 in 52 weeks. In spite of this, the price is down -3.21% from the 52-week high.
A Backdoor Way To Profit From Today’s Crypto Bull Market
In any crypto bull market, there's a lot of money to be made.
But what if we told you the best opportunities are not cryptocurrencies themselves… but instead, simply crypto stocks?
This strategy is simply and ridiculously easy.
Here are 6 ways to gain exposure to crypto outside the norm. This is arguably the safest bet you can make.
7 days have passed since LendingClub Corporation (LC) last reported insider trading activity. ARMSTRONG ANNIE, who is Chief Risk Officer, most recently acquired $3,686 shares at $29.19 per share on Oct 07. In this transaction, the insider spent $107,594. Director, Athey Susan C, disposed of 8,310 shares at a price of $29.20 on Sep 15. The insider now owns more than $242,652 worth of shares. Prior to that, Chief Risk Officer ARMSTRONG ANNIE went on to Sale 3,686 shares at $31.37 each on Sep 07. An amount of $115,630 was transacted.
LendingClub Corporation (LC) has a trailing price-to-earnings (P/E) ratio of 14.40 for the broader industry and 12.72 for the sector. The stock’s beta is 1.85. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.92, the price-to-book (PB) ratio at 4.13, and the price-to-cash flow ratio at 6.44.
Further, the company has a long term debt to equity ratio of 0.94 and a total debt to equity ratio of 4.36 for the quarter ending June 29. Its gross profit as reported stood at $68.19 million compared to revenue of $209.69 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, LendingClub Corporation’s return on assets was -3.10%, compared to -1.9% over the last five years. Meanwhile, the return on equity (ROE) for the past 12 months has been -13.40% and the 5-year average holds at -9.8%. For the broader industry, ROE averaged 16.40 over the past year.
For the three-month period that ended June 29, LendingClub Corporation had $277.51 million in cash. The analyst consensus anticipated LendingClub Corporation’s latest quarter earnings to come in at -$0.43 per share, but it turned out to be $0.09, a 120.90% surprise. At the end of the quarter ending June 29, LendingClub Corporation’s stock balance sheet showed total debt was $881.66 million. Shareholders own equity worth $98.6 million.
From a technical analysis perspective, let’s take a brief look at LendingClub Corporation (LC) price momentum. RSI 9-day as of the close on 13 October was 72.53%, suggesting the stock is Overbought, with historical volatility in this time frame at 29.87%.
As of today, LC’s price is $30.83 +12.65% or $3.62 from its 5-day moving average. LC is currently trading +12.34% higher than its 20-day SMA and +133.38% higher than its 100-day SMA. However, the stock’s current price level is +23.68% above the SMA50 and +276.96% above the SMA200.
The stochastic %K and %D were 84.99% and 79.20%, respectively, and the average true range (ATR) was 1.74. With the 14-day stochastic at 89.44% and the average true range at 1.70, the RSI (14) stands at 65.96%. The stock has reached 1.66 on the 9-day MACD Oscillator while the 14-day reading was at 2.29.
Maxim Group upgraded LendingClub Corporation (NYSE: LC) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a a Hold.The consensus rating for LendingClub Corporation (LC) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell LC, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.
What is LC’s price target for the next 12 months?
Analysts predict a range of price targets between $14.00 and $35.00, with a median target of $28.00. Taking a look at these predictions, the average price target given by analysts for LendingClub Corporation (LC) stock is $26.92.