In the last trading session, 1.11 million LoanDepot Inc (NYSE:LDI) shares changed hands as the company’s beta touched 2.92. With the company’s per share price at $1.38 changed hands at $0.01 or 0.73% during last session, the market valuation stood at $460.43M. LDI’s last price was a discount, traded about -133.33% off its 52-week high of $3.22. The share price had its 52-week low at $1.27, which suggests the last value was 7.97% up since then. When we look at LoanDepot Inc’s average trading volume, we note the 10-day average is 1.73 million shares, with the 3-month average coming to 920.21K.
Analysts gave the LoanDepot Inc (LDI) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.33. 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 -0.09.
LoanDepot Inc (NYSE:LDI) trade information
Instantly LDI was in green as seen at the end of in last trading. With action -23.33%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -32.35%, with the 5-day performance at -23.33% in the red. However, in the 30-day time frame, LoanDepot Inc (NYSE:LDI) is -14.81% down. Looking at the short shares, we see there were 1.71 million shares sold at short interest cover period of 2.44 days.
The consensus price target for the stock as assigned by Wall Street analysts is 6, meaning bulls need an upside of 77.0% 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 -334.78% plunge from its current level, while the stock would need to soar -334.78% for it to hit the projected low.
LoanDepot Inc (LDI) estimates and forecasts
Year-over-year growth is forecast to reach 18.08% up from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 268.62M. 3 analysts are of the opinion that LoanDepot Inc’s revenue for the current quarter will be 319.73M. The company’s revenue for the corresponding quarters a year ago was 222.78M and 265.39M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 20.57%. The estimates for the next quarter sales put growth at 20.48%.
The 2025 estimates are for LoanDepot Inc earnings to increase by 83.92%.
LDI Dividends
LoanDepot Inc is expected to release its next quarterly earnings report on 2025-Mar-10.
LoanDepot Inc (NYSE:LDI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 19.26% of LoanDepot Inc shares while 34.42% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 42.63%. There are 34.42% institutions holding the LoanDepot Inc stock share, with CANNELL CAPITAL LLC the top institutional holder. As of 2024-06-30, the company held 3.0127% 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.
