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.
Only you can make the decision on the time to leap... but here's some supporting information and analysis.
Over the last 12 months, LoanDepot's shares have ranged in value from as little as $1.14 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 3.126. This would suggest that LoanDepot's shares are significantly more volatile than the average for this exchange and represent a higher risk.
Historical closes compared with the last close of $2.42
| 1 week (2024-04-16) | 5.22% |
|---|---|
| 1 month (2024-03-21) | -1.22% |
| 3 months (2024-01-23) | -19.60% |
| 6 months (2023-10-23) | 86.15% |
| 1 year (2023-04-23) | 35.20% |
| 2 years (2022-04-21) | -27.76% |
| 3 years (2021-04-22) | -88.01% |
The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.
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