For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
The price of LendingClub Corp (NYSE: LC) closed at $16.41 in the last session, down -1.80% from day before closing price of $16.71. In other words, the price has decreased by -$1.80 from its previous closing price. On the day, 0.91 million shares were traded. LC stock price reached its highest trading level at $16.593 during the session, while it also had its lowest trading level at $16.22.
Ratios:
We take a closer look at LC’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Dec 05 ’24 when Sanborn Scott sold 17,000 shares for $15.84 per share. The transaction valued at 269,217 led to the insider holds 1,329,184 shares of the business.
SCOTT SANBORN bought 51,000 shares of LC for $809,880 on Dec 05 ’24. On Nov 08 ’24, another insider, Cheng Jordan, who serves as the General Counsel & Secretary of the company, sold 22,000 shares for $14.83 each. As a result, the insider received 326,181 and left with 89,385 shares of the company.
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 1844516864 and an Enterprise Value of 859710656. As of this moment, LendingClub’s Price-to-Earnings (P/E) ratio for their current fiscal year is 35.40, and their Forward P/E ratio for the next fiscal year is 19.21. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.86. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.38 while its Price-to-Book (P/B) ratio in mrq is 1.37. Its current Enterprise Value per Revenue stands at 0.776 whereas that against EBITDA is 7.167.
Stock Price History:
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 6.56%, while the 200-Day Moving Average is calculated to be 47.06%.
Shares Statistics:
According to the various share statistics, LC traded on average about 1.88M shares per day over the past 3-months and 2479360 shares per day over the past 10 days. A total of 112.40M shares are outstanding, with a floating share count of 108.25M. Insiders hold about 3.70% of the company’s shares, while institutions hold 74.77% stake in the company. Shares short for LC as of 1734048000 were 4362615 with a Short Ratio of 2.32, compared to 1731628800 on 3881288. Therefore, it implies a Short% of Shares Outstanding of 4362615 and a Short% of Float of 4.4499997.
