LendingClub Corp (LC) concluded trading on 12/14/23 at a closing price of $8.34, with 4.76 million shares of worth about $39.67 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -13.49% during that period and on Thursday the price saw a gain of about 13.01%. Currently the company’s common shares owned by public are about 106.55M shares, out of which, 105.29M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 130 times over the past 12 months. They bought 1,768,467 shares in 101 of the transactions. In 29 selling transactions, insiders dumped 787,029 shares.
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However, the stock later moved at a day high price of 8.35, or with a gain of 13.01%. Stock saw a price change of 22.11% in past 5 days and over the past one month there was a price change of 47.35%. Year-to-date (YTD), LC shares are showing a performance of -5.23% which decreased to -11.75% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.73 but also hit the highest price of $10.92 during that period. The average intraday trading volume for LendingClub Corp shares is 1.30 million. The stock is currently trading 33.23% above its 20-day simple moving average (SMA20), while that difference is up 44.26% for SMA50 and it goes to 13.95% higher than SMA200.
LendingClub Corp (NYSE: LC) currently have 106.55M outstanding shares and institutions hold larger chunk of about 73.50% of that.
The stock has a current market capitalization of $914.48M and its 3Y-monthly beta is at 2.00. PE ratio of stock for trailing 12 months is 17.02, while it has posted earnings per share of $0.49 in the same period. It has a debt-to-equity ratio of 0.08. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LC, volatility over the week remained 6.05% while standing at 4.89% over the month.
Analysts are in expectations that LendingClub Corp (LC) stock would likely to be making an EPS of $Lithium Americas Corp. in the current quarter, while forecast for next quarter EPS is $6.60 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Li Auto Inc. which is $Lincoln National Corporation at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Ecopetrol S.A. in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -90.06% while it is estimated to increase by 12.51% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Piper Sandler on November 28, 2023 offering an Overweight rating for the stock and assigned a target price of $8 to it.
