LendingClub Corp (NYSE: LC) has a price-to-earnings ratio that is above its average at 30.23x. The stock has a 36-month beta value of 2.05. 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 107.35M, and at present, short sellers hold a 2.99% of that float. On August 22, 2024, the average trading volume of LC was 1.35M shares.
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LC) stock’s latest price update
LendingClub Corp (NYSE: LC)’s stock price has soared by 1.72 in relation to previous closing price of 11.37. Nevertheless, the company has seen a gain of 5.33% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-19 that LendingClub has outperformed SoFi Technologies by 23% since June 17th. LendingClub’s balance sheet is mainly comprised of fixed-yield loan assets that would benefit from lower interest rates and avoiding a recession. The marketplace segment of LendingClub is expected to experience significant revenue growth in a soft landing scenario, potentially leading to a substantial increase in the stock price.
LC’s Market Performance
LendingClub Corp (LC) has seen a 5.33% rise in stock performance for the week, with a 10.78% gain in the past month and a 24.49% surge in the past quarter. The volatility ratio for the week is 2.66%, and the volatility levels for the past 30 days are at 4.91% for LC. The simple moving average for the past 20 days is 6.63% for LC’s stock, with a 36.58% 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 18.88% 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 -10.14% of loss for the given period.
Volatility was left at 4.91%, however, over the last 30 days, the volatility rate increased by 2.66%, as shares surge +6.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +40.94% upper at present.
During the last 5 trading sessions, LC rose by +4.87%, which changed the moving average for the period of 200-days by +93.53% in comparison to the 20-day moving average, which settled at $10.88. In addition, LendingClub Corp saw 32.32% 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 Sanborn Scott, who sale 17,000 shares at the price of $10.25 back on Aug 08 ’24. After this action, Sanborn Scott now owns 1,383,362 shares of LendingClub Corp, valued at $174,304 using the latest closing price.
SCOTT SANBORN, the Director of LendingClub Corp, proposed sale 68,000 shares at $10.00 during a trade that took place back on Aug 08 ’24, which means that SCOTT SANBORN is holding shares at $680,000 based on the most recent closing price.
Stock Fundamentals for LC
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 0.68 for the gross margin
The net margin for LendingClub Corp stands at 0.04. The total capital return value is set at 0.02. Equity return is now at value 3.39, with 0.47 for asset returns.
Based on LendingClub Corp (LC), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -246.64. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is 1.08.
Currently, EBITDA for the company is 350.61 million with net debt to EBITDA at -4.27. When we switch over and look at the enterprise to sales, we see a ratio of 0.32. The receivables turnover for the company is 29.22for trailing twelve months and the total asset turnover is 0.12.
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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
