LDI Stock Summary and Trading Ideas (Loandepot Class A | NYSE:LDI)

loanDepot Inc provides nonbank consumer lending solutions for individuals in the United States. It offers personal, residential home, home refinancing, mortgage and home equity loans. It also provides online mortgage loans for refinancing and home purchases. It serves customers through distribution channels, including consumer direct centres, retail branches, wholesale centres, and consumer finance and servicing centres in the United States. It competes with commercial banks and financial institutions.

Loandepot Class A trades on the NYSE stock market under the symbol LDI.

As of December 12, 2024, LDI stock price declined to $2.10 with 528,856 million shares trading.

LDI has a beta of 2.36, meaning it tends to be more sensitive to market movements. LDI has a correlation of 0.14 to the broad based SPY ETF.

LDI has a market cap of $409.72 million. This is considered a Small Cap stock.

Last quarter Loandepot Class A reported $315 million in Revenue and $.02 earnings per share. This beat revenue expectation by $39 million and exceeded earnings estimates by $.06.

In the last 3 years, LDI traded as high as $5.57 and as low as $1.14.

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

LDI has underperformed the market in the last year with a price return of +1.9% while the SPY ETF gained +32.3%. LDI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -9.9% and -8.7%, respectively, while the SPY returned +9.3% and +0.9%, respectively.

LDI support price is $2.06 and resistance is $2.20 (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 LDI shares will trade within this expected range on the day.