The stock of LendingClub Corp (LC) has gone down by -14.21% for the week, with a -4.18% drop in the past month and a 23.38% rise in the past quarter. The volatility ratio for the week is 3.99%, and the volatility levels for the past 30 days are 3.43% for LC. The simple moving average for the last 20 days is -11.72% for LC stock, with a simple moving average of 14.04% for the last 200 days.
Is It Worth Investing in LendingClub Corp (NYSE: LC) Right Now?
The price-to-earnings ratio for LendingClub Corp (NYSE: LC) is above average at 26.35x. The 36-month beta value for LC is also noteworthy at 2.06. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 3 rating it as “overweight,” 8 rating it as “hold,” and 0 rating it as “sell.”
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The public float for LC is 107.40M, and at present, short sellers hold a 2.67% of that float. The average trading volume of LC on September 10, 2024 was 1.39M shares.
LC) stock’s latest price update
LendingClub Corp (NYSE: LC)’s stock price has decreased by -6.93 compared to its previous closing price of 10.83. However, the company has seen a -14.21% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-09-04 that LendingClub (LC) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company’s earnings prospects. This might drive the stock higher in the near term.
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 -4.57% 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 -21.68% of loss for the given period.
Volatility was left at 3.43%, however, over the last 30 days, the volatility rate increased by 3.99%, as shares sank -1.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.68% upper at present.
During the last 5 trading sessions, LC fell by -14.55%, which changed the moving average for the period of 200-days by +83.21% in comparison to the 20-day moving average, which settled at $11.41. In addition, LendingClub Corp saw 15.33% 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 $11.36 back on Sep 05 ’24. After this action, Sanborn Scott now owns 1,373,273 shares of LendingClub Corp, valued at $193,146 using the latest closing price.
Sanborn Scott, the CEO of LendingClub Corp, sale 17,000 shares at $10.25 during a trade that took place back on Aug 08 ’24, which means that Sanborn Scott is holding 1,383,362 shares at $174,304 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 0.69.
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 0.17. The receivables turnover for the company is 29.22for trailing twelve months and the total asset turnover is 0.12.
Conclusion
In summary, LendingClub Corp (LC) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
