NYSE:LDI hammered during the rise in rates, the turning point is coming in 2024.
$2B market cap, $4.5B annual revenue, insider CEO buys of $8.7M, past earnings...seems like a reasonable play here...
Hi dear traders it seems LDI is in a good position to buy: 1- it lost 82% of its value 2- we can see a wedge pattern in the chart 3- there is a good volume in volume profile in this area; based on this, it seems that we are in the accumulation range 4- we can see Divergence in the RSI in the daily timeframe 5- it has a good P/E: 1.1
loanDepot Inc was incorporated in Delaware on July 10, 2015. The Company provides nonbank consumer lending solutions for individuals in the United States. It offers personal, residential home, home refinancing, mortgage and home equity loan. It also provides online mortgage loans for refinancing and home purchase. It serves customers through distribution channels,...
Loan Depot's price soared after their IPO in February 2021 but has settled deep into "good value" territory. Research TipRanks median price target is $22 Ignoring the initial spike, price is still down about 38% from the $21 range to $13.09 Heavily shorted, Yahoo % of Short Float is 15% and their loan rate has been hovering between 10-19% throughout...
chart shows a wedge being formed for LDI. Once it broke it first trend coming out of its IPO stage it has begun this wedge. It is also substantially undervalued stilll which makes me think we wi;l see the real value of this stock at the end of this wedge.