Does LoanDepot Inc (NYSE:LDI) Look Expensive At $2.56? Here’s How To Know.

In last trading session, LoanDepot Inc (NYSE:LDI) saw 0.34 million shares changing hands with its beta currently measuring 3.21. Company’s recent per share price level of $2.56 trading at $0.0 or 0.00% at ring of the bell on the day assigns it a market valuation of $457.16M. That closing price of LDI’s stock is at a discount of -44.92% from its 52-week high price of $3.71 and is indicating a premium of 55.47% from its 52-week low price of $1.14. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.42 million shares which gives us an average trading volume of 620.77K if we extend that period to 3-months.

LoanDepot Inc (NYSE:LDI) trade information

In the last five days LDI remained trading in the red while hitting it’s week-highest on Monday, 02/05/24 when the stock touched $2.56 price level, adding 7.25% to its value on the day. LoanDepot Inc’s shares saw a change of -27.27% in year-to-date performance and have moved -8.90% in past 5-day. LoanDepot Inc (NYSE:LDI) showed a performance of -14.95% in past 30-days. Number of shares sold short was 1.74 million shares which calculate 1.63 days to cover the short interests.

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LoanDepot Inc (LDI) estimates and forecasts

Statistics highlight that LoanDepot Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 20.75% of value to its shares in past 6 months, showing an annual growth rate of 74.29% while that of industry is 15.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 80.00% in the current quarter and calculating 83.30% increase in the next quarter. This year revenue growth is estimated to fall -17.60% from the last financial year’s standing.

5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $236.76 million for the same. And 5 analysts are in estimates of company making revenue of $247.35 million in the next quarter that will end on Mar 2024. Company posted $188.5 million and $226.19 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 25.60% while estimating it to be 9.40% for the next quarter.

LDI Dividends

LoanDepot Inc is more likely to be releasing its next quarterly report between March 06 and March 11 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

LoanDepot Inc (NYSE:LDI)’s Major holders

Insiders are in possession of 21.56% of company’s total shares while institution are holding 30.81 percent of that, with stock having share float percentage of 39.28%. Investors also watch the number of corporate investors in a company very closely, which is 30.81% institutions for LoanDepot Inc that are currently holding shares of the company. Cannell Capital LLC is the top institutional holder at LDI for having 5.4 million shares of worth $13.81 million. And as of Sep 29, 2023, it was holding 6.62% of the company’s outstanding shares.

The second largest institutional holder is Vanguard Group Inc, which was holding about 4.39 million shares on Sep 29, 2023. The number of shares represents firm’s hold over 5.38% of outstanding shares, having a total worth of $11.23 million.

On the other hand, Vanguard Small-Cap Index Fund and Vanguard Small Cap Value Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2023, the former fund manager was holding 1.51 million shares of worth $3.87 million or 1.85% of the total outstanding shares. The later fund manager was in possession of 1.04 million shares on Sep 29, 2023, making its stake of worth around $2.67 million in the company or a holder of 1.28% of company’s stock.

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