During the last session, LoanDepot Inc (NYSE:LDI)’s traded shares were 0.81 million, with the beta value of the company hitting 3.09. At the end of the trading day, the stock’s price was $2.07, reflecting an intraday loss of -2.36% or -$0.05. The 52-week high for the LDI share is $3.71, that puts it down -79.23 from that peak though still a striking 42.51% gain since the share price plummeted to a 52-week low of $1.19. The company’s market capitalization is $682.13M, and the average intraday trading volume over the past 10 days was 0.56 million shares, and the average trade volume was 845.04K shares over the past three months.
LoanDepot Inc (LDI) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 3.20. LDI has a Sell rating from 1 analyst(s) out of 3 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.04.
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LoanDepot Inc (NYSE:LDI) trade information
LoanDepot Inc (LDI) registered a -2.36% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.36% in intraday trading to $2.07, hitting a weekly high. The stock’s 5-day price performance is -0.48%, and it has moved by -21.59% in 30 days. Based on these gigs, the overall price performance for the year is 71.07%. The short interest in LoanDepot Inc (NYSE:LDI) is 2.5 million shares and it means that shorts have 2.9 day(s) to cover.
The consensus price target of analysts on Wall Street is $6, which implies an increase of 65.5% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6 and $6 respectively. As a result, LDI is trading at a discount of -189.86% off the target high and -189.86% off the low.
LoanDepot Inc (LDI) estimates and forecasts
Statistics show that LoanDepot Inc has outperformed its competitors in share price, compared to the industry in which it operates. LoanDepot Inc (LDI) shares have gone down -10.78% during the last six months, with a year-to-date growth rate more than the industry average at 69.14% against 17.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 50.00% this quarter and then jump 75.00% in the quarter after that. In the rating firms’ projections, revenue will increase 2.70% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 275.99M as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 278.14M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 265.66M and 251.45M respectively. In this case, analysts expect current quarter sales to grow by 3.90% and then jump by 10.60% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 6.34%. While earnings are projected to return 32.74% in 2024.
LDI Dividends
LoanDepot Inc is due to release its next quarterly earnings on 2024-Nov-05. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
LoanDepot Inc (NYSE:LDI)’s Major holders
LoanDepot Inc insiders own 17.54% of total outstanding shares while institutional holders control 31.14%, with the float percentage being 37.77%. CANNELL CAPITAL LLC is the largest shareholder of the company, while 76.0 institutions own stock in it. As of 2024-06-30, the company held over 5.49 million shares (or 3.0279% of all shares), a total value of $9.06 million in shares.
The next largest institutional holding, with 4.69 million shares, is of VANGUARD GROUP INC’s that is approximately 2.5848% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $7.74 million.
