In the last trading session, 1.17 million shares of the LoanDepot Inc (NYSE:LDI) were traded, and its beta was 3.08. Most recently the company’s share price was $2.12, and it changed around -$0.15 or -6.61% from the last close, which brings the market valuation of the company to $392.54M. LDI currently trades at a discount to its 52-week high of $3.71, offering almost -75.0% off that amount. The share price’s 52-week low was $1.14, which indicates that the current value has risen by an impressive 46.23% since then. We note from LoanDepot Inc’s average daily trading volume that its 10-day average is 0.7 million shares, with the 3-month average coming to 754.70K.
LoanDepot Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.20. If we narrow it down even further, the data shows that 2 out of 6 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 3 recommended LDI as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. LoanDepot Inc is expected to report earnings per share of -0.04 for the current quarter.
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LoanDepot Inc (NYSE:LDI) trade information
Instantly LDI has showed a red trend with a performance of -6.61% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 2.73 on recent trading dayincreased the stock’s daily price by 22.34%. The company’s shares are currently down -39.77% year-to-date, but still down -21.19% over the last five days. On the other hand, LoanDepot Inc (NYSE:LDI) is -16.86% down in the 30-day period. We can see from the shorts that 2.66 million shares have been sold at a short interest cover period of 2.73 day(s).
The consensus price target as assigned by Wall Street analysts is $6, which translates to bulls needing to increase their stock price by 64.67% from its current value. Analyst projections state that LDI is forecast to be at a low of $6 and a high of $6.
LoanDepot Inc (LDI) estimates and forecasts
LoanDepot Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -22.63 percent over the past six months and at a 69.14% annual growth rate that is well above the industry average of 17.80%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 50.00% in revenue this quarter, and will report an increase of 62.50% in the next quarter. The year-over-year growth rate is expected to be 0.40%, up from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 278.28M in revenue for the current quarter. 4 analysts expect LoanDepot Inc to make 276.8M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 265.66M and 251.45M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 4.80%. Forecasts for the next quarter put sales growth at 10.10%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 6.34%.
LDI Dividends
LoanDepot Inc’s next quarterly earnings report is expected to be released in November.
LoanDepot Inc (NYSE:LDI)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 18.41% of LoanDepot Inc shares, and 32.49% of them are in the hands of institutional investors. The stock currently has a share float of 39.82%. LoanDepot Inc stock is held by 73.0 institutions, with CANNELL CAPITAL LLC being the largest institutional investor. By 2024-06-30, it held 3.0279% of the shares, which is about 5.49 million shares worth $9.06 million.
VANGUARD GROUP INC, with 2.5848% or 4.69 million shares worth $7.74 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
