Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
LendingClub Corp (NYSE: LC) closed the day trading at $15.82 down -4.93% from the previous closing price of $16.64. In other words, the price has decreased by -$4.93 from its previous closing price. On the day, 3.36 million shares were traded. LC stock price reached its highest trading level at $16.38 during the session, while it also had its lowest trading level at $15.21.
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 Nov 08 ’24 when Cheng Jordan sold 22,000 shares for $14.83 per share. The transaction valued at 326,181 led to the insider holds 89,385 shares of the business.
Sanborn Scott sold 17,000 shares of LC for $253,125 on Nov 07 ’24. The CEO now owns 1,339,273 shares after completing the transaction at $14.89 per share. On Nov 08 ’24, another insider, Cheng Jordan, who serves as the Officer of the company, bought 22,000 shares for $14.83 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 1778199552 and an Enterprise Value of 793393472. As of this moment, LendingClub’s Price-to-Earnings (P/E) ratio for their current fiscal year is 34.12, and their Forward P/E ratio for the next fiscal year is 18.75. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.80. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.39 while its Price-to-Book (P/B) ratio in mrq is 1.32. Its current Enterprise Value per Revenue stands at 0.716 whereas that against EBITDA is 6.614.
Stock Price History:
Over the past 52 weeks, LC has reached a high of $17.15, while it has fallen to a 52-week low of $6.16. The 50-Day Moving Average of the stock is 16.17%, while the 200-Day Moving Average is calculated to be 52.57%.
Shares Statistics:
Over the past 3-months, LC traded about 1.65M shares per day on average, while over the past 10 days, LC traded about 1294290 shares per day. A total of 112.40M shares are outstanding, with a floating share count of 108.21M. Insiders hold about 3.69% of the company’s shares, while institutions hold 74.82% stake in the company. Shares short for LC as of 1731628800 were 3881288 with a Short Ratio of 2.36, compared to 1728950400 on 3800945. Therefore, it implies a Short% of Shares Outstanding of 3881288 and a Short% of Float of 3.9600000000000004.
