LoanDepot Inc (NYSE: LDI) is -26.99% lower on its value in year-to-date trading and has touched a low of $1.35 and a high of $3.71 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LDI stock was last observed hovering at around $2.15 in the last trading session, with the day’s gains setting it 0.42%.
Currently trading at $2.57, the stock is 20.43% and 5.89% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.02 million and changing 19.53% at the moment leaves the stock 10.59% off its SMA200. LDI registered 80.99% gain for a year compared to 6-month loss of 19.53%. The firm has a 50-day simple moving average (SMA 50) of $2.4354 and a 200-day simple moving average (SMA200) of $2.3267.
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The stock witnessed a 21.23% gain in the last 1 month and extending the period to 3 months gives it a 11.74%, and is 20.09% 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 7.94% over the week and 5.96% over the month.
LoanDepot Inc (LDI) has around 5297 employees, a market worth around $846.89M and $1.16B in sales. Fwd P/E is 12.29. Profit margin for the company is -7.96%. Distance from 52-week low is 90.37% and -30.73% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.57%).
The EPS is expected to grow by 39.99% this year
76.0 institutions hold shares in LoanDepot Inc (LDI), with institutional investors hold 39.55% of the company’s shares. The shares outstanding are 84.03M, and float is at 64.89M with Short Float at 3.85%. Institutions hold 32.62% of the Float.
The top institutional shareholder in the company is CANNELL CAPITAL LLC with over 5.49 million shares valued at $9.06 million. The investor’s holdings represent 3.0279 of the LDI Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 4.69 million shares valued at $7.74 million to account for 2.5848 of the shares outstanding. The other top investors are BRANDYWINE GLOBAL INVESTMENT MANAGEMENT, LLC which holds 2.98 million shares representing 1.6415 and valued at over $4.91 million, while KNIGHTSBRIDGE ASSET MANAGEMENT, LLC holds 1.5652 of the shares totaling 2.84 million with a market value of $4.69 million.
LoanDepot Inc (LDI) Insider Activity
The most recent transaction is an insider sale by Hsieh Anthony Li, the company’s Director. SEC filings show that Hsieh Anthony Li sold 255,428 shares of the company’s common stock on Oct 31 ’24 at a price of $2.11 per share for a total of $0.54 million. Following the sale, the insider now owns 7.67 million shares.
LoanDepot Inc disclosed in a document filed with the SEC on Nov 01 ’24 that Hsieh Anthony Li (Director) sold a total of 192,298 shares of the company’s common stock. The trade occurred on Nov 01 ’24 and was made at $2.08 per share for $0.4 million. Following the transaction, the insider now directly holds 7.48 million shares of the LDI stock.
Still, SEC filings show that on Oct 14 ’24, Hsieh Anthony Li (Director) Proposed Sale 468,922 shares at an average price of $2.04 for $0.96 million. The insider now directly holds shares of LoanDepot Inc (LDI).
