In the latest trading session, 0.48 million LoanDepot Inc (NYSE:LDI) shares changed hands as the company’s beta touched 3.06. With the company’s most recent per share price at $2.20 changed hands at -$0.06 or -2.74% at last look, the market valuation stands at $718.78M. LDI’s current price is a discount, trading about -68.64% off its 52-week high of $3.71. The share price had its 52-week low at $1.52, which suggests the last value was 30.91% up since then. When we look at LoanDepot Inc’s average trading volume, we note the 10-day average is 0.67 million shares, with the 3-month average coming to 841.97K.
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.
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LoanDepot Inc (NYSE:LDI) trade information
Instantly LDI was in red as seen in intraday trades today. With action -9.17%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -37.55%, with the 5-day performance at -9.17% in the red. However, in the 30-day time frame, LoanDepot Inc (NYSE:LDI) is 6.19% up. Looking at the short shares, we see there were 1.7 million shares sold at short interest cover period of 1.89 days.
The consensus price target for the stock as assigned by Wall Street analysts is 6, meaning bulls need an upside of 63.33% from its recent 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 -172.73% plunge from its current level, while the stock would need to soar -172.73% 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 18.82% over the past 6 months, a 81.48% in annual growth rate that is considerably higher than the industry average of 19.00%.
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 52.98%.
LDI Dividends
LoanDepot Inc is expected to release its next quarterly earnings report in January.
LoanDepot Inc (NYSE:LDI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 19.76% of LoanDepot Inc shares while 32.18% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 40.10%. There are 32.18% 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.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Small-Cap Index Fund and Vanguard Small Cap Value Index Fund. With 1.65 shares estimated at $3.62 million under it, the former controlled 1.68% of total outstanding shares. On the other hand, Vanguard Small Cap Value Index Fund held about 1.15% of the shares, roughly 1.12 shares worth around $2.47 million.
