LoanDepot Inc [NYSE: LDI] loss -8.70% on the last trading session, reaching $1.47 price per share at the time.
If compared to the average trading volume of 809.88K shares, LDI reached a trading volume of 6973168 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about LoanDepot Inc [LDI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LDI shares is $2.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LDI stock is a recommendation set at 2.33. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Goldman have made an estimate for LoanDepot Inc shares, keeping their opinion on the stock as Sell, with their previous recommendation back on January 09, 2024. While these analysts kept the previous recommendation, UBS raised their target price to Neutral. The new note on the price target was released on December 06, 2023, representing the official price target for LoanDepot Inc stock.
The Average True Range (ATR) for LoanDepot Inc is set at 0.12, with the Price to Sales ratio for LDI stock in the period of the last 12 months amounting to 0.46. The Price to Book ratio for the last quarter was 0.89, with the Price to Cash per share for the same quarter was set at 1.77.
Trading performance analysis for LDI stock
LoanDepot Inc [LDI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.03. With this latest performance, LDI shares dropped by -11.45% in over the last four-week period, additionally sinking by -42.35% over the last 6 months – not to mention a drop of -44.74% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LDI stock in for the last two-week period is set at 35.40, with the RSI for the last a single of trading hit 31.01, and the three-weeks RSI is set at 37.58 for LoanDepot Inc [LDI]. The present Moving Average for the last 50 days of trading for this stock 1.7144, while it was recorded at 1.6740 for the last single week of trading, and 2.0996 for the last 200 days.
An analysis of Institutional ownership at LoanDepot Inc [LDI]
There are presently around $36.75%, or 46.26%% of LDI stock, in the hands of institutional investors. The top three institutional holders of LDI stocks are: CANNELL CAPITAL LLC with ownership of 5.49 million shares, which is approximately 3.0127%. VANGUARD GROUP INC, holding 4.69 million shares of the stock with an approximate value of $$7.74 million in LDI stocks shares; and VANGUARD GROUP INC, currently with $$4.91 million in LDI stock with ownership which is approximately 1.6332%.
