Stock Mover of the Day: Is Selling 52-Week Stock Like On Deck Capital Inc a Winning Strategy?

Stock Mover of the Day: Is Selling 52 Week Stock Like On Deck Capital Inc a Winning Strategy?

The stock of On Deck Capital Inc (NYSE:ONDK) hit a new 52-week low and has $3.85 target or 14.00% below today’s $4.48 share price. The 8 months bearish chart indicates high risk for the $308.15 million company. The 1-year low was reported on Nov, 9 by Barchart.com. If the $3.85 price target is reached, the company will be worth $43.14M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 580,637 shares traded hands or 75.47% up from the average. On Deck Capital Inc (NYSE:ONDK) has declined 46.48% since April 7, 2016 and is downtrending. It has underperformed by 51.27% the S&P500.

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 stock of On Deck Capital Inc (NYSE:ONDK) earned “Buy” rating by Stifel Nicolaus on Tuesday, May 3. The firm earned “Outperform” rating on Wednesday, December 2 by Keefe Bruyette & Woods. Compass Point maintained On Deck Capital Inc (NYSE:ONDK) on Tuesday, August 4 with “Sell” rating. The stock of On Deck Capital Inc (NYSE:ONDK) earned “Mkt Perform” rating by Bruyette & Woods” on Wednesday, August 12. The company was downgraded on Tuesday, May 3 by Canaccord Genuity. FBR Capital maintained it with “Outperform” rating and $11 target price in Tuesday, February 23 report. On Tuesday, May 3 the stock rating was downgraded by BTIG Research to “Neutral”. The stock of On Deck Capital Inc (NYSE:ONDK) has “Market Perform” rating given on Tuesday, May 31 by Wood. The firm has “Perform” rating by Oppenheimer given on Thursday, August 4. The firm earned “Market Perform” rating on Tuesday, May 3 by FBR Capital.

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 recent On Deck Capital Inc (NYSE:ONDK) news were published by: Marketwatch.com which released: “On Deck Capital slumps 35% after earnings miss and FBR downgrade” on May 03, 2016. Also Wsj.com published the news titled: “Inside JP Morgan’s Deal With On Deck Capital” on December 30, 2015. Fool.com‘s news article titled: “Why On Deck Capital Inc. Stock Rocketed Today” with publication date: December 02, 2015 was also an interesting one.

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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