Open Lending Corp (NASDAQ: LPRO)’s stock price has gone rise by 0.25 in comparison to its previous close of 5.93, however, the company has experienced a -0.42% decrease in its stock price over the last five trading days. Zacks Investment Research reported 2023-11-07 that Although the revenue and EPS for Open Lending (LPRO) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Is It Worth Investing in Open Lending Corp (NASDAQ: LPRO) Right Now?
The price-to-earnings ratio for Open Lending Corp (NASDAQ: LPRO) is 31.86x, which is above its average ratio. Moreover, the 36-month beta value for LPRO is 0.85. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 1 as “sell.”
The average price recommended by analysts for Open Lending Corp (LPRO) is $7.35, which is $1.4 above the current market price. The public float for LPRO is 97.97M and currently, short sellers hold a 3.36% of that float. On November 21, 2023, LPRO’s average trading volume was 578.12K shares.
LPRO’s Market Performance
LPRO stock saw a decrease of -0.42% in the past week, with a monthly decline of -6.38% and a quarterly a decrease of -30.06%. The volatility ratio for the week is 4.20%, and the volatility levels for the last 30 days are 4.97% for Open Lending Corp (LPRO). The simple moving average for the last 20 days is -2.25% for LPRO’s stock, with a simple moving average of -27.87% for the last 200 days.
Analysts’ Opinion of LPRO
Many brokerage firms have already submitted their reports for LPRO stocks, with Canaccord Genuity repeating the rating for LPRO by listing it as a “Hold.” The predicted price for LPRO in the upcoming period, according to Canaccord Genuity is $5.50 based on the research report published on November 08, 2023 of the current year 2023.
LPRO Trading at -10.93% from the 50-Day Moving Average
After a stumble in the market that brought LPRO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -50.42% of loss for the given period.
Volatility was left at 4.97%, however, over the last 30 days, the volatility rate increased by 4.20%, as shares sank -9.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -26.80% lower at present.
During the last 5 trading sessions, LPRO fell by -1.17%, which changed the moving average for the period of 200-days by -34.08% in comparison to the 20-day moving average, which settled at $6.05. In addition, Open Lending Corp saw -11.93% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at LPRO starting from Flynn John Joseph, who sale 50,000 shares at the price of $7.05 back on Oct 09. After this action, Flynn John Joseph now owns 2,279,666 shares of Open Lending Corp, valued at $352,625 using the latest closing price.
Flynn John Joseph, the Director of Open Lending Corp, sale 50,000 shares at $7.19 during a trade that took place back on Sep 21, which means that Flynn John Joseph is holding 2,329,666 shares at $359,430 based on the most recent closing price.
Stock Fundamentals for LPRO
Current profitability levels for the company are sitting at:
- +54.35 for the present operating margin
- +88.05 for the gross margin
The net margin for Open Lending Corp stands at +37.09. The total capital return value is set at 28.91, while invested capital returns managed to touch 19.97. Equity return is now at value 10.14, with 5.81 for asset returns.
Based on Open Lending Corp (LPRO), the company’s capital structure generated 71.46 points at debt to equity in total, while total debt to capital is 41.68. Total debt to assets is 40.06, with long-term debt to equity ratio resting at 69.43. Finally, the long-term debt to capital ratio is 40.49.
When we switch over and look at the enterprise to sales, we see a ratio of 5.04, with the company’s debt to enterprise value settled at 0.19. The receivables turnover for the company is 2.42 and the total asset turnover is 0.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 18.58.
To wrap up, the performance of Open Lending Corp (LPRO) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.