LC Stock Summary and Trading Ideas (Lendingclub | NYSE:LC)

LendingClub Corp is a company engaged in operating an online lending marketplace platform that connects borrowers and investors for the provision of the loan facility. It offers investors access to an asset class that has generally been closed to many investors and only available on a limited basis to institutional investors. The company through the platform offers loan products such as personal, education and patient finance, small business, and auto to interested investors. It generates a majority of the revenue from the transaction fees received from the platform's role in accepting and decisioning applications on behalf of the bank partners to enable loan originations.

Lendingclub trades on the NYSE stock market under the symbol LC.

As of May 14, 2024, LC stock price climbed to $9.25 with 1,173,113 million shares trading.

LC has a beta of 2.20, meaning it tends to be more sensitive to market movements. LC has a correlation of 0.25 to the broad based SPY ETF.

LC has a market cap of $1.03 billion. This is considered a Small Cap stock.

Last quarter Lendingclub reported $181 million in Revenue and $.11 earnings per share. This beat revenue expectation by $7 million and exceeded earnings estimates by $.08.

In the last 3 years, LC stock traded as high as $49.21 and as low as $4.73.

The top ETF exchange traded funds that LC belongs to (by Net Assets): VTI, IWM, VB, VBR, VXF.

LC has outperformed the market in the last year with a price return of +29.7% while the SPY ETF gained +28.8%. LC has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +9.1% and +18.4%, respectively, while the SPY returned +6.2% and +2.6%, respectively.

LC support price is $8.95 and resistance is $9.40 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LC stock will trade within this expected range on the day.