The stock of LendingClub Corp (NYSE: LC) has increased by 4.15 when compared to last closing price of 8.19. Despite this, the company has experienced a 7.70% gain in its stock price over the last five trading sessions. fool.com reported 2024-06-22 that Upstart leverages artificial intelligence to make personal loans accessible to more borrowers. It doesn’t hold loans on its balance sheet and has been unable to capitalize on higher interest rates.
Is It Worth Investing in LendingClub Corp (NYSE: LC) Right Now?
LendingClub Corp (NYSE: LC) has a higher price-to-earnings ratio of 24.90x compared to its average ratio. LC has 36-month beta value of 2.06. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 3 as “overweight,” 8 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for LC is 106.77M, and currently, short sellers hold a 2.82% ratio of that float. The average trading volume of LC on June 28, 2024 was 1.30M shares.
LC’s Market Performance
The stock of LendingClub Corp (LC) has seen a 7.70% increase in the past week, with a -2.40% drop in the past month, and a -2.96% fall in the past quarter. The volatility ratio for the week is 3.11%, and the volatility levels for the past 30 days are at 3.10% for LC. The simple moving average for the past 20 days is 2.16% for LC’s stock, with a 11.74% simple moving average for the past 200 days.
Analysts’ Opinion of LC
Many brokerage firms have already submitted their reports for LC stocks, with BTIG Research repeating the rating for LC by listing it as a “Buy.” The predicted price for LC in the upcoming period, according to BTIG Research is $12 based on the research report published on June 07, 2024 of the current year 2024.
Piper Sandler, on the other hand, stated in their research note that they expect to see LC reach a price target of $8. The rating they have provided for LC stocks is “Overweight” according to the report published on November 28th, 2023.
Jefferies gave a rating of “Buy” to LC, setting the target price at $13.50 in the report published on June 16th of the previous year.
LC Trading at -0.74% 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 -21.89% of loss for the given period.
Volatility was left at 3.10%, however, over the last 30 days, the volatility rate increased by 3.11%, as shares sank -4.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.56% upper at present.
During the last 5 trading sessions, LC rose by +7.20%, which changed the moving average for the period of 200-days by +28.05% in comparison to the 20-day moving average, which settled at $8.33. In addition, LendingClub Corp saw -2.40% 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 LC starting from Selleck Erin, who sale 2,677 shares at the price of $8.70 back on Jun 12 ’24. After this action, Selleck Erin now owns 57,248 shares of LendingClub Corp, valued at $23,290 using the latest closing price.
Selleck Erin, the Director of LendingClub Corp, sale 4,083 shares at $8.88 during a trade that took place back on May 31 ’24, which means that Selleck Erin is holding 54,571 shares at $36,257 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 0.13. The receivables turnover for the company is 27.63for trailing twelve months and the total asset turnover is 0.11.
Conclusion
To put it simply, LendingClub Corp (LC) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
