LendingClub Corp (LC) concluded trading on Thursday at a closing price of $13.82, with 8.59 million shares of worth about $118.67 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 72.32% during that period and on October 24, 2024 the price saw a gain of about 10.91%. Currently the company’s common shares owned by public are about 110.41M shares, out of which, 107.65M shares are available for trading.
Stock saw a price change of 6.97% in past 5 days and over the past one month there was a price change of 30.62%. Year-to-date (YTD), LC shares are showing a performance of 58.12% which increased to 159.77% 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 $13.63 during that period. The average intraday trading volume for LendingClub Corp shares is 1.46 million. The stock is currently trading 13.76% above its 20-day simple moving average (SMA20), while that difference is up 19.01% for SMA50 and it goes to 45.32% higher than SMA200.
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LendingClub Corp (NYSE: LC) currently have 110.41M outstanding shares and institutions hold larger chunk of about 75.97% of that.
The stock has a current market capitalization of $1.55B and its 3Y-monthly beta is at 2.05. PE ratio of stock for trailing 12 months is 29.81, while it has posted earnings per share of $0.46 in the same period. Its PEG reads 1.49 while making debt-to-equity ratio of 0.00. 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 5.50% while standing at 4.37% over the month.
Stock’s fiscal year EPS is expected to rise by 27.22% while it is estimated to increase by 85.37% 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 Keefe Bruyette on October 10, 2024 offering an Outperform rating for the stock and assigned a target price range of between $11.50 and $15 to it. Coverage by BTIG Research stated LendingClub Corp (LC) stock as a Buy in their note to investors on June 07, 2024, suggesting a price target of $12 for the stock. On November 28, 2023, Piper Sandler Initiated their recommendations, while on June 16, 2023, Jefferies Initiated their ratings for the stock with a price target of $13.50. Stock get an Overweight rating from JP Morgan on April 11, 2023.
