LoanDepot Inc (NYSE:LDI) price on Friday, February 07, fall -5.17% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.65.
A look at the stock’s price movement, the close in the last trading session was $1.74, moving within a range at $1.635 and $1.74. The beta value (5-Year monthly) was 3.079. Turning to its 52-week performance, $3.22 and $1.52 were the 52-week high and 52-week low respectively. Overall, LDI moved -5.71% over the past month.
LoanDepot Inc’s market cap currently stands at around $539.55 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 310.08M for the company’s revenue for the quarter, with a low and high estimate of 290.72M and 328.81M respectively. The average forecast suggests up to a 35.63% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.12B, representing a 15.17% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that LDI is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend LDI as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
LDI’s current price about -4.35% and -14.47% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 39.30, while 7-day volatility ratio is 5.45% and 5.15% in the 30-day chart. Further, LoanDepot Inc (LDI) has a beta value of 3.02, and an average true range (ATR) of 0.10. Analysts have given the company’s stock an average 52-week price target of $6, forecast between a low of $6 and high of $6. Looking at the price targets, the low is -263.64% off current price level while to achieve the yearly target high, price needs to move -263.64%. Nonetheless, investors will most likely welcome a -263.64% jump to $6 which is the analysts’ median price.
If we refocus on LoanDepot Inc (NYSE:LDI), historical trading data shows that trading volumes averaged 0.57 over the past 10 days and 803.60K over the past 3 months. The company’s latest data on shares outstanding shows there are 90.51 million shares.
The 62.66% of LoanDepot Inc’s shares are in the hands of company insiders while institutional holders own 13.95% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.78 million on 2025-01-15, giving us a short ratio of 1.93. The data shows that as of 2025-01-15 short interest in LoanDepot Inc (LDI) stood at 258.99999 of shares outstanding, with shares short rising to 1.68 million registered in 2024-12-13. Current price change has pushed the stock -19.12% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the LDI stock continues to rise going into the next quarter.
