LoanDepot Inc (NYSE: LDI)’s stock price has decreased by -3.30 compared to its previous closing price of 2.73. However, the company has seen a -5.38% decrease in its stock price over the last five trading sessions. businesswire.com reported 2024-09-30 that IRVINE, Calif.–(BUSINESS WIRE)– #HomeMeansEverything–loanDepot, Inc. (NYSE: LDI) today announced the closing of a $300 million transaction through an offering of notes by Mello Warehouse Securitization Trust 2024-1 (“MWST Notes”). This marks the tenth transaction of this kind that loanDepot has successfully consummated. The MWST Notes are backed by a revolving warehouse line of credit, secured by newly originated, first-lien, fixed-rate or adjustable-rate residential mortgage loans. These loans are originated in a.
Is It Worth Investing in LoanDepot Inc (NYSE: LDI) Right Now?
The 36-month beta value for LDI is also noteworthy at 3.05. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 3 rating it as “hold,” and 2 rating it as “sell.”
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The public float for LDI is 66.08M, and at present, short sellers hold a 4.02% of that float. The average trading volume of LDI on October 04, 2024 was 729.28K shares.
LDI’s Market Performance
The stock of LoanDepot Inc (LDI) has seen a -5.38% decrease in the past week, with a 0.76% rise in the past month, and a 72.55% gain in the past quarter. The volatility ratio for the week is 4.58%, and the volatility levels for the past 30 days are at 6.67% for LDI. The simple moving average for the last 20 days is -1.64% for LDI stock, with a simple moving average of 8.22% for the last 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 3.57% 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 -28.84% of loss for the given period.
Volatility was left at 6.67%, however, over the last 30 days, the volatility rate increased by 4.58%, as shares surge +3.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +39.68% upper at present.
During the last 5 trading sessions, LDI fell by -5.38%, which changed the moving average for the period of 200-days by -5.71% in comparison to the 20-day moving average, which settled at $2.69. In addition, LoanDepot Inc saw -25.00% 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 Walsh Jeff Alexander, who sale 36,811 shares at the price of $2.66 back on Oct 01 ’24. After this action, Walsh Jeff Alexander now owns 4,035,317 shares of LoanDepot Inc, valued at $97,917 using the latest closing price.
Walsh Jeff Alexander, the President, LDI Mortgage of LoanDepot Inc, sale 29,859 shares at $2.68 during a trade that took place back on Oct 02 ’24, which means that Walsh Jeff Alexander is holding 4,005,458 shares at $80,022 based on the most recent closing price.
Stock Fundamentals for LDI
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 1.09 for the gross margin
The net margin for LoanDepot Inc stands at -0.11. The total capital return value is set at 0.05. Equity return is now at value -32.21, with -1.82 for asset returns.
Based on LoanDepot Inc (LDI), the company’s capital structure generated 0.93 points at debt to capital in total, while cash flow to debt ratio is standing at -0.14. The debt to equity ratio resting at 14.23. The interest coverage ratio of the stock is 0.85.
Currently, EBITDA for the company is 89.54 million with net debt to EBITDA at -160.54. When we switch over and look at the enterprise to sales, we see a ratio of 4.4.
Conclusion
In summary, LoanDepot Inc (LDI) 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.
