LendingClub Corporation (NYSE:LC) finished Friday with a subtraction of -$0.05 to close at $6.83, a downside of -0.73 percent. An average of 2,442,800 shares of common stock have been traded in the last five days. There was a gain of $0.12 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 2,301,660 shares traded, while the 50-day average volume stands at 1,984,874.
LC stock has decreased by -15.05% in the last month. The company shares reached their 1-month lowest point of $6.23 on 08/22/23. With the stock rallying to its 52-week high on 07/19/23, shares of the company touched a low of $6.23 and a high of $14.68 in 52 weeks. It has reached a new high 10 times so far this year and lost -22.39% or -$1.97 in price. In spite of this, the price is down -53.47% 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 271 days ago on May 09. In this transaction, the insider spent $386,293. Bank-Chief of Consumer Banking, Momen Ronnie, disposed of 28,607 shares at a price of $10.08 on Nov 28. The insider now owns more than $288,436 worth of shares. Prior to that, Bank-Chief Capital Officer Kay Valerie went on to Sale 22,392 shares at $10.08 each on Nov 28. An amount of $225,812 was transacted.
Valuation Metrics
LendingClub Corporation (LC) has a trailing price-to-earnings (P/E) ratio of 8.01. The stock’s beta is 1.97. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.71, the price-to-book (PB) ratio at 0.61, and the price-to-cash flow ratio at 7.27.
Financial Health
Further, the company has a long term debt to equity ratio of 0.04 and a total debt to equity ratio of 5.71 for the quarter ending June 29. Its gross profit as reported stood at $474.82 million compared to revenue of $557.34 million.
Earnings Surprise
The analyst consensus anticipated LendingClub Corporation’s latest quarter earnings to come in at $0.04 per share, but it turned out to be $0.09, a 125.00% surprise. At the end of the quarter ending June 29, LendingClub Corporation’s stock balance sheet showed total debt was $110.61 million. Shareholders own equity worth $108.69 million.
Technical Picture
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 25 August was 38.25%, suggesting the stock is Neutral, with historical volatility in this time frame at 52.01%.
As of today, LC’s price is $6.57 +1.79% or $0.12 from its 5-day moving average. LC is currently trading -18.69% lower than its 20-day SMA and -2.57% lower than its 100-day SMA. However, the stock’s current price level is -27.42% below the SMA50 and -30.73% below the SMA200.
The stochastic %K and %D were 31.75% and 18.88%, respectively, and the average true range (ATR) was 0.34. With the 14-day stochastic at 41.81% and the average true range at 0.35, the RSI (14) stands at 34.94%. The stock has reached 0.01 on the 9-day MACD Oscillator while the 14-day reading was at -0.26.
Analyst Ratings
Jefferies launched coverage on LendingClub Corporation (NYSE: LC) in its analyst report released on June 16, 2023. The firm assigned the stock a Buy rating. 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 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 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 $9.00 and $15.00, with a median target of $12.00. Taking a look at these predictions, the average price target given by analysts for LendingClub Corporation (LC) stock is $11.83.
