The stock of On Deck Capital Inc (NYSE:ONDK) reached all time low today, Nov, 3 and still has $3.68 target or 10.00% below today’s $4.09 share price. This indicates more downside for the $290.08 million company. This technical setup was reported by Barchart.com. If the $3.68 PT is reached, the company will be worth $29.01M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. The stock decreased 9.51% or $0.43 on November 3, hitting $4.09. About 702,638 shares traded hands or 229.63% up from the average. On Deck Capital Inc (NYSE:ONDK) has declined 38.59% since April 1, 2016 and is downtrending. It has underperformed by 39.80% the S&P500.
Analysts await On Deck Capital Inc (NYSE:ONDK) to report earnings on November, 7. They expect $-0.20 earnings per share, down 500.00% or $0.25 from last year’s $0.05 per share. After $-0.25 actual earnings per share reported by On Deck Capital Inc for the previous quarter, Wall Street now forecasts -20.00% EPS growth.
On Deck Capital Inc (NYSE:ONDK) Ratings Coverage
Out of 18 analysts covering On Deck Capital (NYSE:ONDK), 2 rate it a “Buy”, 1 “Sell”, while 15 “Hold”. This means 11% are positive. On Deck Capital has been the topic of 42 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The company was downgraded on Wednesday, May 4 by Jefferies. The firm has “Outperform” rating given on Wednesday, September 2 by FBR Capital. FBR Capital downgraded the stock to “Market Perform” rating in Tuesday, May 3 report. The firm has “Market Perform” rating given on Tuesday, May 31 by Keefe Bruyette & Woods. The company was initiated on Wednesday, September 21 by Guggenheim. Deutsche Bank downgraded the shares of ONDK in a report on Tuesday, August 4 to “Hold” rating. The stock has “Market Perform” rating given by Wood on Tuesday, May 31. The company was initiated on Wednesday, August 12 by Bruyette & Woods”. The rating was downgraded by Pacific Crest to “Sector Weight” on Friday, December 4. The firm has “Buy” rating given on Friday, July 31 by Canaccord Genuity.
According to Zacks Investment Research, “On Deck Capital, Inc. is an on-line platform that uses a big data, analytic model to source, underwrite, and fund loans to small businesses. The Company offers online tools and resources including data aggregation and electronic payment technology, and to evaluate the health of small businesses. It’s small business loans include dental loans, restaurant loans, medical financing, restaurant financing, fast small business loans, fast small business financing, online small business loans, online applications for small business loans, small business loans online, retail capital, fast small business financing, short-term business loans, business equipment financing, small business equipment financing and merchant cash advance. On Deck Capital Inc. is based in United States.”
More notable recent On Deck Capital Inc (NYSE:ONDK) news were published by: Marketwatch.com which released: “Shares of On Deck Capital jump 6.2% to $5.26 in early trade” on December 14, 2014, also Marketwatch.com with their article: “On Deck Capital slumps 35% after earnings miss and FBR downgrade” published on May 03, 2016, Wsj.com published: “Inside JP Morgan’s Deal With On Deck Capital” on December 30, 2015. More interesting news about On Deck Capital Inc (NYSE:ONDK) were released by: Fool.com and their article: “Why On Deck Capital Inc. Stock Rocketed Today” published on December 02, 2015 as well as Valuewalk.com‘s news article titled: “On Deck Capital Inc (ONDK) Surges After Analyst Initiation” with publication date: July 07, 2016.
ONDK Company Profile
On Deck Capital, Inc., incorporated on May 4, 2006, offers an online platform for small business lending. The Company’s platform aggregates and analyzes data points from disparate data sources to assess the creditworthiness of small businesses. Small businesses apply for a term loan or line of credit on the Company’s Website, and using its OnDeck Score, the Company makes a funding decision and transfers the funds. It offers a financing solution for small businesses, including short-term loans of over 10 months and long-term loans of over 40 months, and lines of credit. The Company’s integrated platform includes the Company’s Website, which allows small businesses to apply for a loan, round the clock; data and analytics engine, which analyzes data attributes from disparate sources to assess the real-time creditworthiness of a small business; the technology, which offers funding of loans, and daily and weekly collections, and ongoing servicing system.
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