The stock price of LoanDepot Inc (NYSE: LDI) has dropped by -9.32 compared to previous close of 2.36. Despite this, the company has seen a fall of -9.70% in its stock price over the last five trading days. Business Wire reported 2024-04-22 that IRVINE, Calif.–(BUSINESS WIRE)—- $LDI #LDI–loanDepot, Inc. to report first quarter 2024 financial results on May 7, 2024.
Is It Worth Investing in LoanDepot Inc (NYSE: LDI) Right Now?
The stock has a 36-month beta value of 3.12. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for LDI is 63.35M, and at present, short sellers hold a 2.41% of that float. On April 30, 2024, the average trading volume of LDI was 374.94K shares.
LDI’s Market Performance
LDI’s stock has seen a -9.70% decrease for the week, with a -17.37% drop in the past month and a -29.84% fall in the past quarter. The volatility ratio for the week is 6.31%, and the volatility levels for the past 30 days are at 5.71% for LoanDepot Inc The simple moving average for the past 20 days is -12.49% for LDI’s stock, with a -3.84% simple moving average for the past 200 days.
Analysts’ Opinion of LDI
Many brokerage firms have already submitted their reports for LDI stocks, with Goldman repeating the rating for LDI by listing it as a “Sell.” The predicted price for LDI in the upcoming period, according to Goldman is $3 based on the research report published on January 09, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see LDI reach a price target of $2. The rating they have provided for LDI stocks is “Neutral” according to the report published on December 06th, 2023.
LDI Trading at -14.01% 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 -42.32% of loss for the given period.
Volatility was left at 5.71%, however, over the last 30 days, the volatility rate increased by 6.31%, as shares sank -17.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.32% lower at present.
During the last 5 trading sessions, LDI fell by -9.70%, which changed the moving average for the period of 200-days by -1.38% in comparison to the 20-day moving average, which settled at $2.42. In addition, LoanDepot Inc saw -39.20% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LDI starting from Binowitz Dan, who sale 13,900 shares at the price of $2.34 back on Mar 20 ’24. After this action, Binowitz Dan now owns 783,251 shares of LoanDepot Inc, valued at $32,526 using the latest closing price.
Walsh Jeff Alexander, the President, LDI Mortgage of LoanDepot Inc, sale 7,020 shares at $2.60 during a trade that took place back on Mar 05 ’24, which means that Walsh Jeff Alexander is holding 3,915,394 shares at $18,252 based on the most recent closing price.
Stock Fundamentals for LDI
Current profitability levels for the company are sitting at:
- 0.25 for the present operating margin
- 1.03 for the gross margin
The net margin for LoanDepot Inc stands at -0.17. The total capital return value is set at 0.05. Equity return is now at value -28.00, with -1.73 for asset returns.
Based on LoanDepot Inc (LDI), the company’s capital structure generated 0.92 points at debt to capital in total, while cash flow to debt ratio is standing at -0.04. The debt to equity ratio resting at 12.01. The interest coverage ratio of the stock is 1.2.
Currently, EBITDA for the company is 89.54 million with net debt to EBITDA at -14.54. When we switch over and look at the enterprise to sales, we see a ratio of 4.63. The receivables turnover for the company is 11.86for trailing twelve months and the total asset turnover is 0.15.
Conclusion
To sum up, LoanDepot Inc (LDI) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
