As of Thursday close, LendingClub Corporation’s (NYSE:LC) stock was down -$0.14, moving down -1.81 percent to $7.59. The average number of shares traded per day over the past five days has been 3,423,680 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.45 fall in that time frame. In the last twenty days, the average volume was 2,313,560, while in the previous 50 days, it was 1,818,808.
Since last month, LC stock retreated -21.27%. Shares of the company fell to $7.55 on 08/03/23, the lowest level in the past month. A 52-week high of $15.79 was reached on 07/19/23 after having rallying from a 52-week low of $6.30. Since the beginning of this year, LC’s stock price has dropped by -13.75% or -$1.21, and marked a new high 10 times. However, the stock has declined by -51.93% since its 52-week high.
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Sponsored
LC stock investors should be aware that LendingClub Corporation (LC) stock had its last reported insider trading activity 87 days ago on May 09. Cutler Stephen M, the Director of the company, purchased of 7,407 shares for $6.75 on May 09. It resulted in a $49,997 investment by the insider. Cutler Stephen M added 7,250 shares at an average price of $6.80 on May 05. The insider now owns 7,399 shares following the transaction. On Nov 28, Chief Risk Officer ARMSTRONG ANNIE sold 38,322 shares at $10.08 apiece. The transaction was valued at $386,293.
Valuation Metrics
Right now, LendingClub Corporation (LC) has a P/E ratio of about 3.05. The stock’s beta is 1.95. Besides these, the trailing price-to-sales (P/S) ratio of 0.69, the price-to-book (PB) ratio of 0.68, and the price-to-cash flow ratio of 2.58 may also be considered.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.08, and the total debt-to-equity ratio was 6.14. In the year ended June 29, operating margins totaled 13.40%. Based on annual data, LC earned $474.82 million in gross profit and brought in $557.34 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 3.80%. Return on equity (ROE) for the past 12 months was 25.40%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected LendingClub Corporation to report $0.04 quarterly earnings, the actual figure was $0.09 per share, beating the consensus estimate by 125.00%. The value of shareholders’ equity is $108.69 million.
Technical Picture
This quick technical analysis looks at LendingClub Corporation’s (LC) price momentum. With a historical volatility rate of 114.34%, the RSI 9-day stood at 22.14% on 03 August.
With respect to its five-day moving average, the current LendingClub Corporation price is down by -5.60% percent or -$0.45. At present, LC shares trade -18.82% below its 20-day simple moving average and -0.52% percent below its 100-day simple moving average. However, the stock is currently trading approximately -6.53% below its SMA50 and -30.68% below its SMA200.
Stochastic coefficient K was 2.93% and Stochastic coefficient D was 7.08%, while ATR was 0.48. Given the Stochastic reading of 1.33% for the 14-day period, the RSI (14) reading has been calculated as 29.10%. As of today, the MACD Oscillator reading stands at -0.94, while the 14-day reading stands at -1.53.
Analyst Ratings
Jefferies launched its rating on LendingClub Corporation (NYSE: LC) to a Buy in a note to investors on June 16, 2023. LendingClub Corporation (LC) has been rated Overweight by analysts. According to 0 brokerage firms, LC is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate LendingClub Corporation stock as buy, with 6 recommending it as overweight.
With a median target price of $12.00, the current consensus forecast for the stock is $9.00 – $15.00. Based on these forecasts, analysts predict LendingClub Corporation (LC) will achieve an average price target of $11.72.
