In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.
In the latest session, LendingClub Corp (NYSE: LC) closed at $7.81 down -3.58% from its previous closing price of $8.10. In other words, the price has decreased by -$3.58 from its previous closing price. On the day, 1.54 million shares were traded. LC stock price reached its highest trading level at $8.175 during the session, while it also had its lowest trading level at $7.8.
Ratios:
For a deeper understanding of LendingClub Corp’s stock, let’s take a closer look at its various ratios. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.04.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Piper Sandler on November 28, 2023, initiated with a Overweight rating and assigned the stock a target price of $8.
On June 16, 2023, Jefferies started tracking the stock assigning a Buy rating and target price of $13.50.
On April 11, 2023, JP Morgan started tracking the stock assigning a Overweight rating and target price of $11.JP Morgan initiated its Overweight rating on April 11, 2023, with a $11 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Oct 31 ’23 when Selleck Erin bought 10,000 shares for $5.24 per share. The transaction valued at 52,425 led to the insider holds 45,135 shares of the business.
Morris John C. bought 10,000 shares of LC for $52,283 on Oct 31 ’23. The Director now owns 183,667 shares after completing the transaction at $5.23 per share. On Oct 31 ’23, another insider, Ahmad Syed Faiz, who serves as the Director of the company, bought 10,000 shares for $5.22 each. As a result, the insider paid 52,221 and bolstered with 25,601 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 894323072 and an Enterprise Value of -343462208. As of this moment, LendingClub’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.71, and their Forward P/E ratio for the next fiscal year is 10.60. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.68 while its Price-to-Book (P/B) ratio in mrq is 0.69. Its current Enterprise Value per Revenue stands at -0.303 whereas that against EBITDA is -3.228.
Stock Price History:
The Beta on a monthly basis for LC is 1.99, which has changed by 0.17443609 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. Over the past 52 weeks, LC has reached a high of $10.92, while it has fallen to a 52-week low of $4.73. The 50-Day Moving Average of the stock is -4.75%, while the 200-Day Moving Average is calculated to be 4.58%.
Shares Statistics:
For the past three months, LC has traded an average of 1.34M shares per day and 1112720 over the past ten days. A total of 110.41M shares are outstanding, with a floating share count of 106.04M. Insiders hold about 3.96% of the company’s shares, while institutions hold 74.18% stake in the company. Shares short for LC as of 1713139200 were 2230837 with a Short Ratio of 1.67, compared to 1710460800 on 2322928. Therefore, it implies a Short% of Shares Outstanding of 2230837 and a Short% of Float of 2.3699999.
Earnings Estimates
At present, 9.0 analysts are actively evaluating the performance of LendingClub Corp (LC) in the stock market.On average, analysts expect EPS of $0.03 for the current quarter, with a high estimate of $0.07 and a low estimate of $0.01, while EPS last year was $0.13. The consensus estimate for the next quarter is $0.04, with high estimates of $0.07 and low estimates of $0.0.
Analysts are recommending an EPS of between $0.3 and $0.08 for the fiscal current year, implying an average EPS of $0.22. EPS for the following year is $0.74, with 6.0 analysts recommending between $1.29 and $0.2.
Revenue Estimates
A total of 9 analysts believe the company’s revenue will be $173.88M this quarter.It ranges from a high estimate of $179.6M to a low estimate of $168.14M. As of the current estimate, LendingClub Corp’s year-ago sales were $238.36MFor the next quarter, 9 analysts are estimating revenue of $175.69M. There is a high estimate of $182.9M for the next quarter, whereas the lowest estimate is $165M.
A total of 9 analysts have provided revenue estimates for LC’s current fiscal year. The highest revenue estimate was $770.6M, while the lowest revenue estimate was $648.6M, resulting in an average revenue estimate of $713.96M. In the same quarter a year ago, actual revenue was $1.14BBased on 6 analysts’ estimates, the company’s revenue will be $891.65M in the next fiscal year. The high estimate is $998.5M and the low estimate is $795.38M.
