LendingClub Corp (LC) concluded trading on Wednesday at a closing price of $9.00, with 4.47 million shares of worth about $40.24 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 77.51% during that period and on May 01, 2024 the price saw a gain of about 19.68%. Currently the company’s common shares owned by public are about 110.41M shares, out of which, 106.04M shares are available for trading.
Stock saw a price change of 9.89% in past 5 days and over the past one month there was a price change of 3.45%. Year-to-date (YTD), LC shares are showing a performance of 2.97% which increased to 22.78% 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 1.31 million. The stock is currently trading 10.86% above its 20-day simple moving average (SMA20), while that difference is up 10.38% for SMA50 and it goes to 20.89% higher than SMA200.
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LendingClub Corp (NYSE: LC) currently have 110.41M outstanding shares and institutions hold larger chunk of about 74.18% of that.
The stock has a current market capitalization of $993.69M and its 3Y-monthly beta is at 2.01. PE ratio of stock for trailing 12 months is 26.32, while it has posted earnings per share of $0.34 in the same period. It has a debt-to-equity ratio of 0.21. 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 4.59% while standing at 3.93% over the month.
Analysts are in expectations that LendingClub Corp (LC) stock would likely to be making an EPS of $0.04 in the current quarter, while forecast for next quarter EPS is $0.05 and it is $0.74 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0.07 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 $0.09 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -25.31% while it is estimated to increase by 169.89% 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. Coverage by Jefferies stated LendingClub Corp (LC) stock as a Buy in their note to investors on June 16, 2023, suggesting a price target of $13.50 for the stock. On April 11, 2023, JP Morgan Initiated their recommendations, while on January 26, 2023, Janney Downgrade their ratings for the stock with a price target of $10. Stock get a Buy rating from Janney on January 12, 2022.
