How to Buy Loandepot Stock
Loandepot Inc
loanDepot, Inc. engages in the origination and servicing of conventional and government mortgage loans in the United States.
Loandepot stock last closed at $2.08, down 2.8% from the previous day, and has increased 26.06% in one year. It has overperformed other stocks in the Mortgage Finance industry by 0.16 percentage points. Loandepot stock is currently +82.46% from its 52-week low of $1.14, and -43.94% from its 52-week high of $3.71.
There are currently 323.09M LDI shares outstanding. The market capitalization of LDI is $672.02M. In the last 24 hours, 418,236 LDI shares were traded.
How to Buy Loandepot Stock
Wondering how to invest in Loandepot stock? Here's how.
- Decide where to buy Loandepot stock: You need to decide on a stock brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you figure out where to buy Loandepot stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Fund your brokerage account: Choose your payment method and add your info.
- Analyze Loandepot stock: The Loandepot ticker symbol is LDI. Is Loandepot stock a good investment? Should you buy shares of LDI? How do LDI's underlying business fundamentals look? Do top analysts think Loandepot is a good buy? Why has LDI's stock price moved recently? (Hint: Our stock market research website can help you decide if LDI is a good stock to buy).
- Place your LDI buy order: Decide if you will purchase LDI shares at the current market price or use a limit order to buy LDI stock at a particular price.
- Get the latest news on your LDI investment: Create a watchlist to key updates about your new investment in Loandepot shares.
Step 1: Decide where to buy Loandepot stock
You will need a brokerage account in order to access the NYSE market and buy LDI stock.
Our recommended brokerage: eToro
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Open eToro AccountStep 2: Create a brokerage account
Now that you've selected the best brokerage, you'll need to fill out some personal details so you are able to invest in LDI today.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to open a new brokerage account.
- Send your data by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you've filled out your info on the best stock app, you need to deposit funds:
Watch this video walkthrough if you need help depositing funds into your new brokerage account.
Step 4: Analyze Loandepot stock
Once you have decided on the best place to buy Loandepot stock, it's very important to analyze their stock before you invest, so you can wrap your head around the risk and opportunity.
Overview of key LDI info
Loandepot Overview
WallStreetZen was designed to help everyday investors perform more accurate fundamental analysis.
You can view all of the due diligence checks on LDI's stock page.
Is LDI stock properly valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge LDI's intrinsic value.
Using relative valuations measures:
- LDI may be overvalued based on its P/B ratio of 1.9x, relative to Mortgage Finance industry P/B ratio of 0.37x
You can do more valuation analysis on LDI's stock here.
A look at LDI Cashflows and Balance Sheet
Positive Financial Indicators:
- LDI profit margin has gone up from -21.7% to -11.3% in the past year.
Negative Financial Indicators:
- LDI has a relatively high debt to equity ratio of 15.42.
- Total LDI debt is higher than 5 years ago, relative to shareholder equity.
Do analysts think it's a good time to buy LDI stock
Out of 2 Equities analysts who monitor LDI, the consensus analyst rating on Loandepot is a Sell
Please keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
You can dig deeper into what analysts are saying on the Loandepot stock forecast page.
Metrics for Advanced LDI Traders
LDI Growth Numbers
Last year, LDI revenue was $974.02M. In the past 5 year, LDI's revenue has gone up by -2.66% per year. This was slower than the Mortgage Finance industry average of 0.78%.
Dive into LDI's earnings and revenue performance here.
Who is buying/selling LDI?
Over the last year, executives and large shareholders at LDI have sold more shares than they have bought.
Frank Martell, CEO and President of LDI, was the latest LDI insider to sell. They sold $299,012.00 worth of LDI stock on Apr 27, 2024.
Dig into more about who owns LDI stock here.
Can I rely on LDI as an income stream?
No, Loandepot doesn't provide an income stream by paying out dividends.
What do other traders have to say about LDI?
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Place your LDI buy order
There are two main options:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are usually fine for most investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a given dollar amount, use a limit order.
Hit the Open Trade button and your broker will place the order.
If you want more help with investing in stocks on eToro, click the how to video below:
Step 6: Get the latest news on your LDI investment
Now that you own some LDI stock, you'll want to keep up with your investment.
Create a watchlist to get alerted to the latest events about your LDI stock.
LDI Feed
How to Buy Stock in Loandepot
To summarize, here are the 6 steps to buy Loandepot stock:
- Decide where to buy Loandepot stock
- Create a brokerage account
- Fund your brokerage account
- Analyze Loandepot stock
- Place your LDI buy order
- Get the latest news on your LDI investment
If you require a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get updates on your investment in Loandepot, create your watchlist below.
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