LendingClub Corp (NYSE: LC) is 6.75% higher on its value in year-to-date trading and has touched a low of $4.73 and a high of $10.92 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LC stock was last observed hovering at around $8.65 in the last trading session, with the day’s gains setting it 0.68%.
Currently trading at $9.33, the stock is 11.93% and 7.59% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.32 million and changing 7.86% at the moment leaves the stock 21.04% off its SMA200. LC registered -4.41% loss for a year compared to 6-month loss of 7.00%.
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The stock witnessed a 14.20% gain in the last 1 month and extending the period to 3 months gives it a 12.00%, and is 9.12% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.42% over the week and 3.06% over the month.
LendingClub Corp (LC) has around 1025 employees, a market worth around $1.04B and $1.26B in sales. Current P/E ratio is 27.23 and Fwd P/E is 13.04. Profit margin for the company is 2.97%. Distance from 52-week low is 97.25% and -14.56% from its 52-week high. The company has generated returns on investments over the last 12 months (2.88%).
The EPS is expected to shrink by -23.15% this year
The shares outstanding are 110.41M, and float is at 106.77M with Short Float at 2.77%.
LendingClub Corp (LC) Insider Activity
The most recent transaction is an insider sale by Selleck Erin, the company’s Director. SEC filings show that Selleck Erin sold 2,677 shares of the company’s common stock on Jun 12 ’24 at a price of $8.70 per share for a total of $23290.0. Following the sale, the insider now owns 57248.0 shares.
LendingClub Corp disclosed in a document filed with the SEC on May 31 ’24 that Selleck Erin (Director) sold a total of 4,083 shares of the company’s common stock. The trade occurred on May 31 ’24 and was made at $8.88 per share for $36257.0. Following the transaction, the insider now directly holds 54571.0 shares of the LC stock.
Still, SEC filings show that on Oct 31 ’23, Selleck Erin (Director) acquired 10,000 shares at an average price of $5.24 for $52425.0. The insider now directly holds 45,135 shares of LendingClub Corp (LC).
