A new trading day began on Monday, with LendingClub Corp (NYSE: LC) stock price down -4.93% from the previous day of trading, before settling in for the closing price of $16.64. LC’s price has ranged from $6.16 to $17.15 over the past 52 weeks.
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A company in the Financial sector has jumped its sales by 8.06% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 27.98%. With a float of $108.21 million, this company’s outstanding shares have now reached $112.40 million.
In an organization with 1025 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 60.53%, operating margin of 7.83%, and the pretax margin is 6.65%.
LendingClub Corp (LC) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Banks – Regional Industry. The insider ownership of LendingClub Corp is 3.69%, while institutional ownership is 74.82%. The most recent insider transaction that took place on Nov 08 ’24, was worth 326,181. In this transaction General Counsel & Secretary of this company sold 22,000 shares at a rate of $14.83, taking the stock ownership to the 89,385 shares. Before that another transaction happened on Nov 07 ’24, when Company’s CEO sold 17,000 for $14.89, making the entire transaction worth $253,125. This insider now owns 1,339,273 shares in total.
LendingClub Corp (LC) Latest Financial update
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.09 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.14 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 27.98% per share during the next fiscal year.
LendingClub Corp (NYSE: LC) Trading Performance Indicators
Here are LendingClub Corp’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.38.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.46, a number that is poised to hit 0.09 in the next quarter and is forecasted to reach 0.84 in one year’s time.
Technical Analysis of LendingClub Corp (LC)
Let’s dig in a bit further. During the last 5-days, its volume was 1.47 million. That was inferior than the volume of 1.5 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 66.39%. Additionally, its Average True Range was 0.72.
During the past 100 days, LendingClub Corp’s (LC) raw stochastic average was set at 82.82%, which indicates a significant increase from 45.04% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 41.86% in the past 14 days, which was lower than the 53.59% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.62, while its 200-day Moving Average is $10.37. However, in the short run, LendingClub Corp’s stock first resistance to watch stands at $16.40. Second resistance stands at $16.97. The third major resistance level sits at $17.57. If the price goes on to break the first support level at $15.23, it is likely to go to the next support level at $14.63. The third support level lies at $14.06 if the price breaches the second support level.
LendingClub Corp (NYSE: LC) Key Stats
With a market capitalization of 1.78 billion, the company has a total of 112,402K Shares Outstanding. Currently, annual sales are 1,135 M while annual income is 38,940 K. The company’s previous quarter sales were 302,020 K while its latest quarter income was 14,460 K.
