LendingClub Corp (NYSE: LC) has seen a decline in its stock price by -1.75 in relation to its previous close of 9.15. However, the company has experienced a 19.55% gain in its stock price over the last five trading sessions. The Motley Fool reported 2024-05-01 that LendingClub topped bottom-line estimates as its credit loss provision declined. The company expects to grow its loan book this quarter.
Is It Worth Investing in LendingClub Corp (NYSE: LC) Right Now?
LendingClub Corp (NYSE: LC) has a price-to-earnings ratio that is above its average at 26.24x. The stock has a 36-month beta value of 2.07. Opinions on the stock are mixed, with 5 analysts rating it as a “buy,” 3 as “overweight,” 8 as “hold,” and 0 as “sell.”
The public float for LC is 106.72M, and at present, short sellers hold a 2.09% of that float. On May 08, 2024, the average trading volume of LC was 1.26M shares.
LC’s Market Performance
The stock of LendingClub Corp (LC) has seen a 19.55% increase in the past week, with a 3.57% rise in the past month, and a 3.57% gain in the past quarter. The volatility ratio for the week is 5.16%, and the volatility levels for the past 30 days are at 3.84% for LC. The simple moving average for the last 20 days is 9.11% for LC stock, with a simple moving average of 21.17% for the last 200 days.
Analysts’ Opinion of LC
Many brokerage firms have already submitted their reports for LC stocks, with Piper Sandler repeating the rating for LC by listing it as a “Overweight.” The predicted price for LC in the upcoming period, according to Piper Sandler is $8 based on the research report published on November 28, 2023 of the previous year 2023.
Jefferies, on the other hand, stated in their research note that they expect to see LC reach a price target of $13.50. The rating they have provided for LC stocks is “Buy” according to the report published on June 16th, 2023.
JP Morgan gave a rating of “Overweight” to LC, setting the target price at $11 in the report published on April 11th of the previous year.
LC Trading at 9.15% from the 50-Day Moving Average
After a stumble in the market that brought LC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.67% of loss for the given period.
Volatility was left at 3.84%, however, over the last 30 days, the volatility rate increased by 5.16%, as shares surge +2.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.71% upper at present.
During the last 5 trading sessions, LC rose by +19.55%, which changed the moving average for the period of 200-days by -12.04% in comparison to the 20-day moving average, which settled at $8.25. In addition, LendingClub Corp saw 2.86% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LC starting from Selleck Erin, who purchase 10,000 shares at the price of $5.24 back on Oct 31 ’23. After this action, Selleck Erin now owns 45,135 shares of LendingClub Corp, valued at $52,425 using the latest closing price.
Morris John C., the Director of LendingClub Corp, purchase 10,000 shares at $5.23 during a trade that took place back on Oct 31 ’23, which means that Morris John C. is holding 183,667 shares at $52,283 based on the most recent closing price.
Stock Fundamentals for LC
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.67 for the gross margin
The net margin for LendingClub Corp stands at 0.04. The total capital return value is set at 0.01. Equity return is now at value 3.05, with 0.42 for asset returns.
Based on LendingClub Corp (LC), the company’s capital structure generated 0.18 points at debt to capital in total, while cash flow to debt ratio is standing at -7.71. The debt to equity ratio resting at 0.21. The interest coverage ratio of the stock is 0.57.
Currently, EBITDA for the company is 350.61 million with net debt to EBITDA at -4.58. When we switch over and look at the enterprise to sales, we see a ratio of 0.18. The receivables turnover for the company is 27.63for trailing twelve months and the total asset turnover is 0.11.
Conclusion
To sum up, LendingClub Corp (LC) has seen a better 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.
