LendingTree Inc. (NASDAQ:TREE) traded at $48.27 at close of the session on Tuesday, April 30, made an upward move of 29.24% on its previous day’s price.
Looking at the stock we see that its previous close was $37.35 . In terms of its 52-week price range, TREE has a high of $44.51 and a low of $10.12. The company’s stock has gained about 15.78% over that past 30 days.
LendingTree Inc. has a market cap of $629.44 million. Estimates by analysts give the company expected earnings per share (EPS) of $0.37, with the EPS growth for the year raised at $2.24 for 2024 and $3.45 for next year. These figures represent -1.80% and 54.00% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $162.77 million, with a low of $160.35 million and a high of $166 million. The median projection represents growth adding up to -18.80% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $670.25 million, or -0.30% down from figures reported last year.
On the other hand, looking at the outlook for the TREE stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note the current price level is 28.47% off its SMA20 and 26.17% from its 50-day simple moving average. The RSI (14) is pointing at 71.73 while the volatility over the past week is 7.57% and jumps to 6.10% over the past one month. The beta value is 2.19, while the average true range (ATR) is currently pointing at 2.85.
Coming back to LendingTree Inc. (NASDAQ:TREE), we note that the average 3-month trading volume was 255.47K. Current shares outstanding are 13.04 million.
The insiders hold 17.67% of the company’s shares while institutions hold 68.54%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 59.20% up in year-to-date price movement.
