Where Will Loandepot Inc (LDI) Stock Go Next After It Has Risen 11.55% in a Week?

The market has been high on Loandepot Inc (LDI) stock recently. LDI gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Loandepot Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on LDI!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With LDI Stock Today?

Loandepot Inc (LDI) stock has risen 4.17% while the S&P 500 is down -1.51% as of 9:44 AM on Tuesday, Jan 18. LDI is up $0.20 from the previous closing price of $4.92 on volume of 21,674 shares. Over the past year the S&P 500 is higher by 17.28% while LDI is down -76.73%. LDI earned $2.61 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 2.

More About Loandepot Inc

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, including consumer direct centers, retail branches, wholesale centers, and consumer finance and servicing centers in the United States. It competes with commercial banks and financial institutions. The Company is subject to governmental laws and regulations. Click Here to get the full Stock Report for Loandepot Inc stock.