loanDepot Inc. (NYSE:LDI) went down by -9.29% from its latest closing price compared to the recent 1-year high of $38.68. The company’s stock price has collected -7.95% of loss in the last five trading sessions. Press Release reported on 06/03/21 that loanDepot and Farm Bureau Bank(R) Launch Farm Bureau Mortgage
Is It Worth Investing in loanDepot Inc. (NYSE :LDI) Right Now?
loanDepot Inc. (NYSE:LDI) scored a price-to-earnings ratio above its average ratio, recording 0.86 x from its present earnings ratio. Opinions of the stock are interesting as 6 analysts out of 12 who provided ratings for loanDepot Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 5 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $20.77, which is $7.1 above the current price. LDI currently public float of 6.27M and currently shorts hold a 21.53% ratio of that float. Today, the average trading volume of LDI was 399.49K shares.
LDI’s Market Performance
LDI stocks went down by -7.95% for the week, with a monthly jump of 4.35% and a quarterly performance of -29.40%. The volatility ratio for the week stands at 6.17% while the volatility levels for the past 30 days are set at 6.56% for loanDepot Inc.. The simple moving average for the period of the last 20 days is -4.60% for LDI stocks with a simple moving average of -26.23% for the last 200 days.
Analysts’ Opinion of LDI
Many brokerage firms have already submitted their reports for LDI stocks, with Barclays repeating the rating for LDI by listing it as a “Equal Weight.” The predicted price for LDI in the upcoming period, according to Barclays is $21 based on the research report published on April 21st of the current year 2021.
UBS gave a rating of “Neutral” to LDI, setting the target price at $20 in the report published on March 09th of the current year.
LDI Trading at -20.07% from the 50-Day Moving Average
After a stumble in the market that brought LDI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -64.66% of loss for the given period.
Volatility was left at 6.56%, however, over the last 30 days, the volatility rate increased by 6.17%, as shares surge +9.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -30.04% lower at present.
During the last 5 trading sessions, LDI fell by -7.95%, in comparison to the 20-day moving average, which settled at $14.39. In addition, loanDepot Inc. saw -35.98% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at LDI starting from Carrillo Nicole, who sale 11,867 shares at the price of $13.87 back on Jun 08. After this action, Carrillo Nicole now owns 18,688 shares of loanDepot Inc., valued at $164,568 using the latest closing price.