LoanDepot Inc (NYSE: LDI)’s stock price has plunge by -1.54relation to previous closing price of 2.59. Nevertheless, the company has seen a -6.59% plunge in its stock price over the last five trading sessions. zacks.com reported 2024-11-12 that If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, loanDepot (LDI) could be a great choice. It is one of the several stocks that passed through our ‘Fast-Paced Momentum at a Bargain’ screen.
Is It Worth Investing in LoanDepot Inc (NYSE: LDI) Right Now?
Company’s 36-month beta value is 3.14.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 2 as “sell.”
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The public float for LDI is 66.27M, and currently, short sellers hold a 3.41% ratio of that floaft. The average trading volume of LDI on November 15, 2024 was 921.94K shares.
LDI’s Market Performance
LDI’s stock has seen a -6.59% decrease for the week, with a 15.38% rise in the past month and a -9.25% fall in the past quarter. The volatility ratio for the week is 7.24%, and the volatility levels for the past 30 days are at 6.17% for LoanDepot Inc The simple moving average for the last 20 days is 10.39% for LDI stock, with a simple moving average of 10.14% 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 4.90% 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 -31.27% of loss for the given period.
Volatility was left at 6.17%, however, over the last 30 days, the volatility rate increased by 7.24%, as shares surge +19.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.39% upper at present.
During the last 5 trading sessions, LDI fell by -6.59%, which changed the moving average for the period of 200-days by -9.25% in comparison to the 20-day moving average, which settled at $2.31. In addition, LoanDepot Inc saw -27.56% 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 66,666 shares at the price of $2.53 back on Nov 06 ’24. After this action, Walsh Jeff Alexander now owns 3,938,792 shares of LoanDepot Inc, valued at $168,665 using the latest closing price.
Hsieh Anthony Li, the Director of LoanDepot Inc, sale 255,428 shares at $2.11 during a trade that took place back on Oct 31 ’24, which means that Hsieh Anthony Li is holding 7,672,258 shares at $539,209 based on the most recent closing price.
Stock Fundamentals for LDI
Current profitability levels for the company are sitting at:
- 0.5 for the present operating margin
- 1.03 for the gross margin
The net margin for LoanDepot Inc stands at -0.15. The total capital return value is set at 0.09. Equity return is now at value -26.73, with -1.48 for asset returns.
Based on LoanDepot Inc (LDI), the company’s capital structure generated 0.88 points at debt to capital in total, while cash flow to debt ratio is standing at -0.13. The debt to equity ratio resting at 7.64. The interest coverage ratio of the stock is -23.94.
When we switch over and look at the enterprise to sales, we see a ratio of 4.48.
Conclusion
In a nutshell, LoanDepot Inc (LDI) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
