The stock of LendingClub Corporation (NYSE:LC) decreased by -$0.1 on Tuesday to finish at $7.14, down -1.38 percent. The last five days have seen an average of 1,779,160 shares of common stock traded. 10 times new highs were reached in the current year, with a fall of -$1.66. The average number of shares traded over the last 20 days was 2,522,180, while the average volume over the last 50 days totaled 1,852,496.
LC stock dropped -30.88% since last month. On 08/15/23, the company’s shares reached a one-month low of $7.00. The stock touched a high of $15.73 on 07/19/23, after rallying from a low of $6.30 in 52 weeks. The price of LC stock has declined by -18.86% or -$1.66 this year, reaching a new high 10 times. Still, the stock price is down -54.61% from the 52-week high.
Insider Transactions
LC stock investors should be aware that LendingClub Corporation (LC) stock had its last reported insider trading activity 99 days ago on May 09. On May 09, Director Cutler Stephen M acquired 7,407 shares at $6.75 each. This transaction resulted in the insider spending $49,997. On May 05, Cutler Stephen M added 7,250 shares at a price of US$6.80. After the transaction, the insider now owns 7,399 shares. Chief Risk Officer ARMSTRONG ANNIE had earlier sold 38,322 shares on Nov 28 for $10.08 a share. The transaction was completed for $386,293.
Valuation Metrics
LendingClub Corporation (LC) has a trailing price-to-earnings (P/E) ratio of 8.37. Beta for the stock is 1.96. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.75, the price-to-book (PB) ratio of 0.64, and the price-to-cash flow ratio of 7.69.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.04, and the total debt to equity ratio is 5.71. LendingClub Corporation’s operating margin stood at 8.60% for the same period. Based on annual data, it had gross profit of $474.82 million and revenue of $557.34 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. LC’s return on assets (ROA) during the last 12 months has been 1.10%. There was a 3.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 7.70%.
Earnings Surprise
According to LendingClub Corporation’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that LendingClub Corporation’s quarterly earnings would be $0.09, but it ended up being $0.04, beating the consensus by 125.00%. At the end of LendingClub Corporation’s most recent quarter ended June 29, its total debt was $110.61 million. Equity owned by shareholders amounts to $108.69 million.
Technical Picture
Here’s a quick look at LendingClub Corporation’s (LC) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 20.09%, suggesting the stock is oversold, with a 19.31% historical volatility rate.
The stochastic %K and %D were 3.56% and 3.36% respectively, while the average true range (ATR) was 0.35. Based on the 14-day stochastic reading of 6.22%, the RSI (14) reading is 26.70%. On the 9-day MACD Oscillator, the stock is at -0.23, and the 14-day reading is at -0.46.
Analyst Ratings
In its analyst report released on June 16, 2023, Jefferies began covering LendingClub Corporation (NYSE: LC). The stock was rated as a Buy by the brokerage firm. Analysts have assigned LendingClub Corporation (LC) an Overweight rating. LC is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 6 others recommend it as a buy.
What is LC’s price target for the next 12 months?
The current consensus forecast for the stock is between $9.00 and $15.00, with a median target price of $12.00. In analyzing these forecasts, the average price target given by analysts for LendingClub Corporation (LC) is $11.72.
