In the last trading session, 1.29 million LoanDepot Inc (NYSE:LDI) shares changed hands as the company’s beta touched 3.18. With the company’s per share price at $2.77 changed hands at -$0.04 or -1.42% during last session, the market valuation stood at $912.81M. LDI’s last price was a discount, traded about -33.94% off its 52-week high of $3.71. The share price had its 52-week low at $1.35, which suggests the last value was 51.26% up since then. When we look at LoanDepot Inc’s average trading volume, we note the 10-day average is 1.08 million shares, with the 3-month average coming to 896.80K.
Analysts gave the LoanDepot Inc (LDI) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.20. If we narrow down to specifics, the data shows that 1 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended LDI as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. LoanDepot Inc’s EPS for the current quarter is expected to be -0.02.
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LoanDepot Inc (NYSE:LDI) trade information
Instantly LDI was in red as seen at the end of in last trading. With action 28.84%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -21.31%, with the 5-day performance at 28.84% in the green. However, in the 30-day time frame, LoanDepot Inc (NYSE:LDI) is 37.13% up. Looking at the short shares, we see there were 2.5 million shares sold at short interest cover period of 2.9 days.
The consensus price target for the stock as assigned by Wall Street analysts is 6, meaning bulls need an upside of 53.83% from its current market value. According to analyst projections, LDI’s forecast low is 6 with 6 as the target high. To hit the forecast high, the stock’s price needs a -116.61% plunge from its current level, while the stock would need to soar -116.61% for it to hit the projected low.
LoanDepot Inc (LDI) estimates and forecasts
Data shows that the LoanDepot Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 20.96% over the past 6 months, a 76.54% in annual growth rate that is considerably higher than the industry average of 19.50%. Year-over-year growth is forecast to reach 8.40% up from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 303.13M. 4 analysts are of the opinion that LoanDepot Inc’s revenue for the current quarter will be 305.97M. The company’s revenue for the corresponding quarters a year ago was 251.45M and 231.56M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 20.60%. The estimates for the next quarter sales put growth at 32.10%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 6.34%. The 2024 estimates are for LoanDepot Inc earnings to increase by 48.45%.
LDI Dividends
LoanDepot Inc is expected to release its next quarterly earnings report in December.
LoanDepot Inc (NYSE:LDI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 22.80% of LoanDepot Inc shares while 32.69% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 42.34%. There are 32.69% institutions holding the LoanDepot Inc stock share, with CANNELL CAPITAL LLC the top institutional holder. As of 2024-06-30, the company held 3.0279% of the shares, roughly 5.49 million LDI shares worth $9.06 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 2.5848% or 4.69 million shares worth $7.74 million as of 2024-06-30.
