California-based mortgage lender loanDepot Inc. completed a downsized IPO, raising $53.9 million after selling 3.85 million shares at $14 each, well below the $19 to $21 range expected.
Shares of LDI opened Thursday at $14.01 and rapidly jumped 20%.
Goldman Sachs Group, BofA Securities, Credit Suisse and Morgan Stanley were the lead bookrunners for the deal.
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| Latest market close | $2.27 |
|---|---|
| 52-week range | $1.52 - $3.71 |
| 50-day moving average | $2.43 |
| 200-day moving average | $2.32 |
| Wall St. target price | $2.74 |
| PE ratio | N/A |
| Dividend yield | N/A |
| Earnings per share (TTM) | $-0.51 |
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Historical closes compared with the close of $2.32 from 2024-11-19
| 1 week (2024-11-14) | -9.02% |
|---|---|
| 1 month (2024-10-21) | 9.95% |
| 3 months (2024-08-21) | -18.02% |
| 6 months (2024-05-21) | 10.48% |
| 1 year (2023-11-21) | 37.28% |
|---|---|
| 2 years (2022-11-21) | 54.67% |
| 3 years (2021-11-19) | 6.3927 |
| 5 years (2019-11-18) | N/A |
| Revenue TTM | $1.1 billion |
|---|---|
| Operating margin TTM | 1.02% |
| Gross profit TTM | $828.8 million |
| Return on assets TTM | -3.11% |
| Return on equity TTM | -28.58% |
| Profit margin | -8.5% |
| Book value | $3.19 |
| Market Capitalization | $846.8 million |
TTM: trailing 12 months
We're not expecting LoanDepot to pay a dividend over the next 12 months.
You may also wish to consider:
Over the last 12 months, LoanDepot's shares have ranged in value from as little as $1.52 up to $3.71. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while LoanDepot's is 3.079. This would suggest that LoanDepot's shares are significantly more volatile than the average for this exchange and represent a higher risk.
To put LoanDepot's beta into context you can compare it against those of similar companies.
loanDepot, Inc. engages in originating, financing, selling, and servicing residential mortgage loans in the United States. The company offers conventional agency-conforming and prime jumbo, federal assistance residential mortgage, and home equity loans. It also provides settlement services, which include captive title and escrow business; real estate services that cover captive real estate referral business; and insurance services, including services to homeowners, as well as other consumer insurance policies. The company was founded in 2010 and is headquartered in Irvine, California. .
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