$LC is a logical buy in this economyKey Stats:
P/E Ratio: 35.22
Market Cap: $1.86B
Next Earnings Date: Feb 25, 2025
Technical Reasons:
The stock is riding a strong uptrend. It’s currently trading above both its 50-day and 200-day moving averages, signalling sustained bullish momentum.
RSI momentum is bullish but not overbought, leaving room for further upside.
Recent price action shows strong support, with multiple higher lows. This suggests buyers are stepping in aggressively.
Fundamental Reasons:
Institutional ownership is robust, indicating strong confidence from big players. BTIG recently raised its price target, reinforcing bullish sentiment.
LendingClub’s balance sheet is solid with minimal Debt-to-Equity, giving it flexibility to navigate economic uncertainty.
Its forward P/E and PEG ratio suggest it’s reasonably valued relative to its growth prospects.
Potential Paths to Profit:
Option 1 (Low Risk): Buy shares outright at current levels and hold for target.
Option 2 (Moderate Risk): Buy $17 call options expiring in March 2025 for leveraged exposure to the upside.
Option 3 (High Risk): Execute a bull call spread by buying the $16 strike and selling the $18 strike for a defined-risk strategy.
Disclaimer:
We are not a brokerage or investment firm. We do not offer financial advice or investment advice and/or signals. This is not certified financial education. We offer access to the daily thought process of an individual and his experiences. We do not offer refunds. All sales are final.
LC trade ideas
$LC, rate hike sensitive and bullish pattern formationLending Club beaten down since inception. The chart is almost similar to NASDAQ:UPST and recently broken a downtrend. It is forming a cup and handle, but i believe it still not confirmed. It has a book value as of Q1 23 of $11, so i believe it is trading at a discount. I am considering having a starter position and scale in after the fed meeting.
looking forward for any opinions and please do your research.
LendingClub bearish short term outlook As you can see on the hourly chart Lendingclub has completed a solid 5 wave structure to the upside, with wave 5 being an ending diagonal.
Now it's time to retrace. Lendingclub should retrace to the 61.8% - 67% Fib at around $12.75 - $12.50. This Fib pocket is also the area where the most activity occured, according to the volume profile.
If this level doesn't hold. we should drop slightly below our value area to around $12.20.
the nasty downtrend broke!🔥 time for a little rally lc finally breaking this extreme downtrend, currently making a higher low when comparing it to the most previous low.
this is a good sign for longs. If we bounce off this higher low my price targets are 29.35-36 for early 2022.
like and follow for more 💘
$LC mean reversion long idea, offers 100% upside. Strong growth.$LC mean reversion long after the stock has drifted significantly lower, company is under valued here and doing triple digit earnings. Expecting buyers to show up around this demand level and shorts to cover causing a nice snapback in price.