The trading price of LendingClub Corp (NYSE:LC) closed lower on Monday, August 5, closing at $9.93, -6.67% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 25.95. In examining the 52-week price action we see that the stock hit a 52-week high of $12.87 and a 52-week low of $4.73. Over the past month, the stock has gained 17.38% in value.
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LendingClub Corp, whose market valuation is $1.11 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest LC has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that LC’s price is currently -3.94% off the SMA20 and 7.71% off the SMA50. The RSI metric on the 14-day chart is currently showing 47.91, and weekly volatility stands at 8.48%. When measured over the past 30 days, the indicator reaches 5.00%. LendingClub Corp (NYSE:LC)’s beta value is currently sitting at 2.08, while the Average True Range indicator is currently displaying 0.62.
To see how LendingClub Corp stock has been performing in comparison to its peers in the industry, here are the numbers: LC stock’s performance was -6.67% in the latest trading, and 30.83% in the past year. LendingClub Corp has a P/E ratio of 25.95.
An evaluation of the daily trading volume of LendingClub Corp (NYSE:LC) indicates that the 3-month average is 1.41 million.
Currently, records show that 110.41 million of the company’s shares remain outstanding. The insiders hold 3.92% of outstanding shares, whereas institutions hold 76.56%. However, since the stock’s price has seen 13.62% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
