As volatility creeps into LendingClub Corporation (NYSE:LC), investors need to pay close attention to to the factors affecting stock today as its shares are trading 4.8% or 0.155 points up from last closing price of $3.23, reaching $3.385 at last check. The LC share price has risen in 3 of the last 5 days and is up 3.19% over the past week. It will be exciting to see whether the stock manages to continue increasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -937,296 shares, and in total 719704 shares valued at $2.436 million were seen changing hands compared with 1.657 million shares valued at $5.352 million recorded at the previous session. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes in LC stock for the next couple of days.
LendingClub Corporation (LC) shares have notched a 3-month gain of about 3.19%, but has still advanced 22.81% year to date. By comparison, the stock sank -5% over the past 12 months, while it jumped 7.67% over the 1 month. The company’s market cap is around $1.42B, with its short interest ratio standing at 8.74%.
In the current trading session for LC, the stock witnessed two major price actions, it rose to a high of $3.385 and was down as much as $3.22 at one point. The high recorded is very low when compared to their 52-week high which is $2.46. The 52-week high is now at -26.37 distance from current price. Their recent low of $4.55 represents a 36.18% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for LC is $4.28, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of LendingClub Corporation earned $-0.3 per share in the trailing 12 months and has a P/E ratio of -11.28. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 28.69 and lower compared to the sector’s average of 20.3. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. LC also has P/S multiple of 1.38. This is smaller versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 4.2x.
The company recorded an interesting insider sale transaction by the Insider on Mar 28, 2019. A Securities and Exchanges Commission filings show that Valerie Kay sold a total of 9,500 LC shares that day for a sum of around $28,405. The filings show that the insider now retains 227,677 shares, currently worth $770,687. LendingClub Corporation (LC) insiders have acquired 15,000 shares in the stock within the past three months. The total insider sales reported to the SEC in that time frame amounted to 493,316 shares. In total, individual insiders traded 508,316 shares in the business, which makes up 20.444% of 2,486,334 shares that were traded over a year. In the past 12 months, insiders have purchased 665,977 shares while the seller parted with 1,820,357 shares.
LC‘s last price was down -1.77% as compared to the average trading price of 50 days recorded at $3.45 while enlarging the period to 200 trading days, the average closing price was $3.18. At present, there are 440.53 million in the total number of common shares owned by the public and among those 416.95 million shares have been available to trade. The percentage of shares being held by the company management was 0.8% while institutions stake was 90.1%. The company has generated negative returns on equity over the last 12 months (-14.6%). It managed to keep its gross profit margin at 64.3% over the past 12 months.
When assessing the full upside of the LC stock, there is another set of technicals that should be looked into and considered. Its 5.8% gain from moving average of $3.2 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of 1.68 to the stock. With the beta been greater than one, this implies that the company shares are theoretically more volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of LendingClub Corporation — 3 analysts rate the stock as a buy with another 0 rating it strong buy. There are 4 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $4.875 on shares of LendingClub Corporation (NYSE:LC), which corresponds to 45.52% upside potential than its current market price of $3.385 and implies potential despite the recent advance in the price. However, their current target price has climbed from $4.75 a month ago and is down handily from the consensus target of $5.3929 a quarter ago.
In the last five years, the EPS of the company has been roughly -3.24%. Though the percentage looks disappointing, extra headwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will decrease annually by -8.6%. The revenue of the company has risen at an average annualized rate of about 30.5 over the last five years. The company recently recorded a drop of -5.2%, but this figure is rather unattractive.
Let’s briefly check the hedge fund interest towards LC stock. Joel Isaacson & Co. LLC added position in the company after it grew 8.9% or 143,508 shares of its common stock. The hedge fund now owns 156,280 shares worth $529,008, SEC documents show. Deutsche Bank AG cut assets in the stock as 16575813 shares have been sold, reducing its stake by -1.4% to 16,343,752 shares which are currently valued at $55,323,601. In addition, Geode Capital Management LLC recently reported that it now owns 4,048,074 shares making a total of $13,702,730 based on the recent price. This refelects a change of 8.8% in their ownership.