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Friday, June 2, 2023

An Evaluation Of loanDepot Inc. (NYSE: LDI) Prospects

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for loanDepot Inc. (LDI) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.0287, or 1.61%, to $1.8087. The loanDepot Inc. has recorded 311 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that loanDepot announces first quarter 2023 financial results.

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Stocks Info

The company is listed on the NYSE and operates within the Mortgage Finance industry segment. At the end of the last regular session, the stock closed at $1.78 and fluctuated between $1.8300 as its day high and $1.7550 as its day low. The current market capitalization of loanDepot Inc. is $586.53M. A total of 0.58 million shares were traded on the day, compared to an average of 366.81K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, LDI has seen 10 BUY and 33 SELL insider trades, representing the acquisition of 924,258 and the disposition of 994,638 shares. Over the last 12 months, there were 55 BUYs and 105 SELLs from insiders. Insiders purchased 7,040,494 shares during that period but sold 8,150,801.

In the most recent transaction, FLANAGAN PATRICK J sold 48,914 shares of LDI for 1.73 per share on May 15. After the transaction, the Chief Financial Officer now owns 446,551 company shares. In a previous transaction on May 15, Binowitz Dan sold 9,999 shares at 1.73 per share. LDI shares that Managing Director owns now total 513,356.

Among the insiders who sold shares, Binowitz Dan disposed of 9,999 shares on May 12 at a per-share price of $1.85. This resulted in the Managing Director holding 523,355 shares of LDI after the transaction. In another insider transaction, Binowitz Dan sold 9,999 shares at $1.81 per share on May 11. Company shares held by the Managing Director now total 533,354.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. LDI’s most recent ex-dividend date was 4/1/2022 when it declared a $0.08 quarterly dividend that was paid in cash on 4/18/2022. Previously, the company paid the dividend on 1/18/2022 with an ex-dividend date of 12/31/2021. The LDI stock dividend was $0.08 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for LDI in the last 3 months, the mean price target is $1.84 with high estimates of $2.50 and low estimates of $1.00. In terms of 52-week highs and lows, LDI has a high of $3.02 and a low of $1.25.

As of this writing, LDI has an earnings estimate of -$0.12 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of -$0.06 per share and a lower estimate of -$0.17. The company reported an EPS of -$0.35 in the last quarter, which was -34.60% lower than expectations of -$0.26.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $2.36, while its Total Shareholder’s Equity was $1.63B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for LDI is Buy with a score of 2.89.

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