Additionally, the 36-month beta value for LDI is 3.09. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 3 rating it as “hold,” and 2 rating it as “sell.”
The public float for LDI is 70.55M and currently, short sellers hold a 3.20% ratio of that float. The average trading volume of LDI on November 22, 2024 was 898.03K shares.
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LDI) stock’s latest price update
LoanDepot Inc (NYSE: LDI)’s stock price has increased by 2.64 compared to its previous closing price of 2.27. However, the company has seen a -8.63% decrease in its stock price over the last five trading sessions. businesswire.com reported 2024-11-18 that IRVINE, Calif.–(BUSINESS WIRE)– #HomeMeansEverything–loanDepot, Inc. (“LDI” or “Company”) (NYSE: LDI), one of the nation’s leading VA lenders and a leading provider of products and services that power the homeownership journey, has been named one of the year’s “Best Military Lenders” by National Mortgage Professional. The recognition “celebrates lenders who go above and beyond to serve military members, their spouses, and Veterans,” according to the outlet. “At loanDepot we feel tremendous respect and appreciation.
LDI’s Market Performance
LoanDepot Inc (LDI) has experienced a -8.63% fall in stock performance for the past week, with a 11.48% rise in the past month, and a -24.35% drop in the past quarter. The volatility ratio for the week is 4.55%, and the volatility levels for the past 30 days are at 6.04% for LDI. The simple moving average for the past 20 days is -1.60% for LDI’s stock, with a 1.02% simple moving average for the past 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 -3.93% 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 -37.20% of loss for the given period.
Volatility was left at 6.04%, however, over the last 30 days, the volatility rate increased by 4.55%, as shares surge +10.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.19% upper at present.
During the last 5 trading sessions, LDI fell by -8.63%, which changed the moving average for the period of 200-days by -9.34% in comparison to the 20-day moving average, which settled at $2.37. In addition, LoanDepot Inc saw -33.81% 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 Hsieh Anthony Li, who sale 200,152 shares at the price of $2.40 back on Nov 18 ’24. After this action, Hsieh Anthony Li now owns 7,009,977 shares of LoanDepot Inc, valued at $480,445 using the latest closing price.
Hsieh Anthony Li, the Director of LoanDepot Inc, sale 164,377 shares at $2.33 during a trade that took place back on Nov 19 ’24, which means that Hsieh Anthony Li is holding 6,845,600 shares at $383,327 based on the most recent closing price.
Stock Fundamentals for LDI
Current profitability levels for the company are sitting at:
- 0.24 for the present operating margin
- 1.09 for the gross margin
The net margin for LoanDepot Inc stands at -0.15. The total capital return value is set at 0.04. 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 -0.25. The debt to equity ratio resting at 7.64. The interest coverage ratio of the stock is 1.01.
When we switch over and look at the enterprise to sales, we see a ratio of 4.52.
Conclusion
In conclusion, LoanDepot Inc (LDI) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
