The stock price of Oportun Financial Corp (NASDAQ: OPRT) has jumped by 18.20 compared to previous close of 3.66. Despite this, the company has seen a gain of 23.25% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-10 that While the top- and bottom-line numbers for Oportun Financial (OPRT) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Is It Worth Investing in Oportun Financial Corp (NASDAQ: OPRT) Right Now?
Additionally, the 36-month beta value for OPRT is 1.15. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for OPRT is 26.49M and currently, short sellers hold a 1.01% ratio of that float. The average trading volume of OPRT on May 10, 2024 was 414.71K shares.
OPRT’s Market Performance
OPRT’s stock has seen a 23.25% increase for the week, with a 85.67% rise in the past month and a 32.29% gain in the past quarter. The volatility ratio for the week is 6.65%, and the volatility levels for the past 30 days are at 9.57% for Oportun Financial Corp. The simple moving average for the past 20 days is 45.98% for OPRT’s stock, with a -2.88% simple moving average for the past 200 days.
Analysts’ Opinion of OPRT
Jefferies, on the other hand, stated in their research note that they expect to see OPRT reach a price target of $3.50, previously predicting the price at $9. The rating they have provided for OPRT stocks is “Hold” according to the report published on March 14th, 2024.
JP Morgan gave a rating of “Neutral” to OPRT, setting the target price at $8 in the report published on October 17th of the previous year.
OPRT Trading at 46.99% from the 50-Day Moving Average
After a stumble in the market that brought OPRT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -44.04% of loss for the given period.
Volatility was left at 9.57%, however, over the last 30 days, the volatility rate increased by 6.65%, as shares surge +81.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.24% upper at present.
During the last 5 trading sessions, OPRT rose by +18.23%, which changed the moving average for the period of 200-days by -34.44% in comparison to the 20-day moving average, which settled at $3.06. In addition, Oportun Financial Corp saw 10.64% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at OPRT starting from Institutional Venture Manageme, who sale 50,000 shares at the price of $7.31 back on Sep 05 ’23. After this action, Institutional Venture Manageme now owns 3,358,691 shares of Oportun Financial Corp, valued at $365,500 using the latest closing price.
Stock Fundamentals for OPRT
Current profitability levels for the company are sitting at:
- -0.33 for the present operating margin
- 1.62 for the gross margin
The net margin for Oportun Financial Corp stands at -0.27. The total capital return value is set at -0.06. Equity return is now at value -24.90, with -3.08 for asset returns.
Based on Oportun Financial Corp (OPRT), the company’s capital structure generated 0.88 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 7.23. The interest coverage ratio of the stock is -1.2.
Currently, EBITDA for the company is -253.7 million with net debt to EBITDA at -13.27. When we switch over and look at the enterprise to sales, we see a ratio of 4.59. The receivables turnover for the company is 74.52for trailing twelve months and the total asset turnover is 0.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.55.
Conclusion
In conclusion, Oportun Financial Corp (OPRT) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
