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 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.