Investors are watching LendingClub Corporation (NYSE:LC) closely as the stock has reached “oversold” territory with an RSI of 17.89 as the equity reached $4.17 on a recent check.
When looking at companies that are considered to be oversold, it is important to consider the moving averages of the security. We see here that the stock is -24.12% away from the 20-Day Simple Moving Average. Their 50-Day Simple Moving Average is a difference of -29.59% from current levels. Further back, their 200-Day Simple Moving Average is -27.10% difference from today’s price. Currently, the stock is -36.43% from its 50-Day High and 0.24% from the 50-day low.
Based on the stock’s volatility for the week, which is a statistical measure of the dispersion of returns for a given stock and represents average daily high/low percentage range of 7.21% and month of 5.08%. So are analysts giving the Buy signal at this juncture? Sell-side firms currently have a consensus recommendation of 2.50 on the shares. This is based on a 1 to 5 formula where 1 indicates a Strong Buy and 5 a Strong Sell.
Analysts are projecting the stock to trade at 6.41 within the next 12-18 months.