Recently opened an LC account and have been researching note investing and LC in general to get a better idea of risk. The stock has tanked so much since its IPO that I am thinking about buying into it, so I have been trying to get an idea on where it might turn around. I have read through a handful of threads to get a better idea but still wondering. Any helpful thoughts would be great.
It was mentioned that LC has 4$/share cash, its actually 1.95, they have 738m cash and 378m shares. There has been a lot of insider sales but most of it is options, I also kind of agree that its likely people cashing out now that they finally have the option to, before they couldn't because of the IPO.
There was a sharp drop midday today that looked odd with no news, not sure why.
Rating on NASDAQ are a strong buy, higher than most. This along with the steady decline probably baffles me the most.
https://forum.lendacademy.com/Smileys/default/shocked.gif" alt=":o" title="Shocked" class="smiley" /> Price target 12 months out is 22.50 (16 to 25).
Financial statements looked good to me, steady increase in shareholder equity not counting the IPO jump. Income does jump around a little but analyst feel it will increase. I like the 1.95/share cash on hand, it gives them time to bring things around and gives real value to the stock.https://forum.lendacademy.com/Smileys/default/smiley.gif" alt=":)" title="Smiley" class="smiley" /> Not sure how to predict future earnings per share and the right PE. https://forum.lendacademy.com/Smileys/default/huh.gif" alt="???" title="Huh" class="smiley" />
There was some debate on whether to consider LC a tech stock or financial. I feel LC is a broker and should be considered a financial. People can get credit cards on line and banks like Chase are considered financial.
I do think the IPO price was overvalued, I also understand the stock market right now is dropping with the very real possibility of major decline before it turns around.
With these thoughts maybe the thing to do is wait till the stock levels out for a period of time, just not sure it will level out or bounce right back up to some other level. Any helpful input would be appreciated.
It was mentioned that LC has 4$/share cash, its actually 1.95, they have 738m cash and 378m shares. There has been a lot of insider sales but most of it is options, I also kind of agree that its likely people cashing out now that they finally have the option to, before they couldn't because of the IPO.
There was a sharp drop midday today that looked odd with no news, not sure why.
Rating on NASDAQ are a strong buy, higher than most. This along with the steady decline probably baffles me the most.
Financial statements looked good to me, steady increase in shareholder equity not counting the IPO jump. Income does jump around a little but analyst feel it will increase. I like the 1.95/share cash on hand, it gives them time to bring things around and gives real value to the stock.
There was some debate on whether to consider LC a tech stock or financial. I feel LC is a broker and should be considered a financial. People can get credit cards on line and banks like Chase are considered financial.
I do think the IPO price was overvalued, I also understand the stock market right now is dropping with the very real possibility of major decline before it turns around.
With these thoughts maybe the thing to do is wait till the stock levels out for a period of time, just not sure it will level out or bounce right back up to some other level. Any helpful input would be appreciated.