LoanDepot Inc (NYSE:LDI)’s traded shares stood at 1.07 million during the last session, with the company’s beta value hitting 3.17. At the close of trading, the stock’s price was $2.59, to imply a decrease of -6.50% or -$0.18 in intraday trading. The LDI share’s 52-week high remains $3.71, putting it -43.24% down since that peak but still an impressive 47.88% since price per share fell to its 52-week low of $1.35. The company has a valuation of $853.48M, with an average of 1.18 million shares in intraday trading volume over the past 10 days and average of 911.19K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for LoanDepot Inc (LDI), translating to a mean rating of 3.20. Of 3 analyst(s) looking at the stock, 1 analyst(s) give LDI a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.02.
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LoanDepot Inc (NYSE:LDI) trade information
After registering a -6.50% downside in the last session, LoanDepot Inc (LDI) has traded red over the past five days. The 5-day price performance for the stock is 0.78%, and 26.96% over 30 days. With these gigs, the year-to-date price performance is -26.42%. Short interest in LoanDepot Inc (NYSE:LDI) saw shorts transact 2.26 million shares and set a 3.17 days time to cover.
The extremes give us $6 and $6 for target low and target high price respectively. As such, LDI has been trading -131.66% off suggested target high and -131.66% from its likely low.
LoanDepot Inc (LDI) estimates and forecasts
Looking at statistics comparing LoanDepot Inc share performance against respective industry, we note that the company has outperformed competitors. LoanDepot Inc (LDI) shares are 19.91% up over the last 6 months, with its year-to-date growth rate higher than industry average at 81.48% against 19.30%. Revenue is forecast to grow 87.86% this quarter before jumping 101.31% for the next one. The rating firms project that company’s revenue will grow 15.17% compared to the previous financial year.
Revenue forecast for the current quarter as set by 4 analysts is 310.08M. Meanwhile, for the current quarter, a total of 5 analyst(s) estimate revenue growth to 307.84M.Earnings reports from the last fiscal year show that sales brought in 228.63M and 222.78M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 35.63% before jumping 38.18% in the following quarter.
LDI Dividends
LoanDepot Inc has its next earnings report out on 2025-Mar-10. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
LoanDepot Inc (NYSE:LDI)’s Major holders
LoanDepot Inc insiders hold 22.80% of total outstanding shares, with institutional holders owning 32.60% of the shares at 42.22% float percentage. In total, 32.60% institutions holds shares in the company, led by CANNELL CAPITAL LLC. As of 2024-06-30, the company held over 5.49 million shares (or 3.0279% of shares), all amounting to roughly $9.06 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 4.69 million shares, or about 2.5848% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $7.74 million.
