Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
LendingClub Corp (NYSE: LC) closed the day trading at $14.98 up 0.27% from the previous closing price of $14.94. In other words, the price has increased by $0.27 from its previous closing price. On the day, 1.84 million shares were traded. LC stock price reached its highest trading level at $15.01 during the session, while it also had its lowest trading level at $14.47.
Ratios:
For a better understanding of LC, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.02.
On October 25, 2024, Maxim Group reiterated its Buy rating and also lowered its target price recommendation from $16 to $19.
Keefe Bruyette Upgraded its Mkt Perform to Outperform on October 10, 2024, whereas the target price for the stock was revised from $11.50 to $15.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jan 02 ’25 when Sanborn Scott sold 17,000 shares for $16.12 per share. The transaction valued at 274,032 led to the insider holds 1,312,184 shares of the business.
Sanborn Scott sold 17,000 shares of LC for $269,217 on Dec 05 ’24. The CEO now owns 1,329,184 shares after completing the transaction at $15.84 per share. On Dec 05 ’24, another insider, SCOTT SANBORN, who serves as the Director of the company, bought 51,000 shares for $15.88 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LC now has a Market Capitalization of 1683781888 and an Enterprise Value of 698975808. As of this moment, LendingClub’s Price-to-Earnings (P/E) ratio for their current fiscal year is 32.31, and their Forward P/E ratio for the next fiscal year is 17.50. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.70. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.30 while its Price-to-Book (P/B) ratio in mrq is 1.25. Its current Enterprise Value per Revenue stands at 0.631 whereas that against EBITDA is 5.827.
Stock Price History:
The Beta on a monthly basis for LC is 2.04, which has changed by 0.8651686 over the last 52 weeks, in comparison to a change of 0.22263205 over the same period for the S&P500. Over the past 52 weeks, LC has reached a high of $18.75, while it has fallen to a 52-week low of $7.48. The 50-Day Moving Average of the stock is -5.62%, while the 200-Day Moving Average is calculated to be 30.51%.
Shares Statistics:
Over the past 3-months, LC traded about 1.94M shares per day on average, while over the past 10 days, LC traded about 1456810 shares per day. A total of 112.40M shares are outstanding, with a floating share count of 108.26M. Insiders hold about 3.68% of the company’s shares, while institutions hold 74.87% stake in the company. Shares short for LC as of 1734048000 were 4362615 with a Short Ratio of 2.42, compared to 1731628800 on 3881288. Therefore, it implies a Short% of Shares Outstanding of 4362615 and a Short% of Float of 4.4499997.
