LendingClub: Could we see lower prices?
I think LendingClub has a genius business model. Giving an alternative investment for the average person and quick access to capital for the average person.
However, this company is still losing money, they have had regulatory run-ins with the SEC, and have a Debt/Equity of 2.8.
This company is taking on a massive amount of risk without much industry moat.
From a technical perspective, I see the price trying to stabilize around $3.50, but generally still in a down trend. You can see the descending trendline on my chart forcing price lower.
LendingClub has a deal with Inuit to integrate turbotax, but this good news hasn't seemed to effect price. I expect to see lower lows here.
I'm considering becoming an owner at $2 per share.
Thanks for reading.
However, this company is still losing money, they have had regulatory run-ins with the SEC, and have a Debt/Equity of 2.8.
This company is taking on a massive amount of risk without much industry moat.
From a technical perspective, I see the price trying to stabilize around $3.50, but generally still in a down trend. You can see the descending trendline on my chart forcing price lower.
LendingClub has a deal with Inuit to integrate turbotax, but this good news hasn't seemed to effect price. I expect to see lower lows here.
I'm considering becoming an owner at $2 per share.
Thanks for reading.
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