Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
The closing price of LendingClub Corp (NYSE: LC) was $8.02 for the day, down -2.08% from the previous closing price of $8.19. In other words, the price has decreased by -$2.08 from its previous closing price. On the day, 0.6 million shares were traded. LC stock price reached its highest trading level at $8.115 during the session, while it also had its lowest trading level at $7.905.
Ratios:
Our analysis of LC’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 885496256 and an Enterprise Value of -320275968. As of this moment, LendingClub’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.29, and their Forward P/E ratio for the next fiscal year is 10.89. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.70 while its Price-to-Book (P/B) ratio in mrq is 0.71. Its current Enterprise Value per Revenue stands at -0.282 whereas that against EBITDA is -3.011.
Stock Price History:
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 -2.43%, while the 200-Day Moving Average is calculated to be 7.13%.
Shares Statistics:
LC traded an average of 1.37M shares per day over the past three months and 1096240 shares per day 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 74.22% stake in the company. Shares short for LC as of 1713139200 were 2230837 with a Short Ratio of 1.63, compared to 1710460800 on 2322928. Therefore, it implies a Short% of Shares Outstanding of 2230837 and a Short% of Float of 2.3699999.
