Opera Ltd ADR (NASDAQ: OPRA)’s stock price has soared by 4.02 in relation to previous closing price of 13.19. Nevertheless, the company has seen a gain of 3.55% in its stock price over the last five trading days. seekingalpha.com reported 2024-05-23 that Opera Limited is a smaller technology company developing a better web browser for the world, especially gamers, with 300+ million active users. The European Union’s promotion of competition in the browser space is boosting Opera’s long-term outlook and driving strong business growth. OPRA’s low valuation, high-growth rate, and extraordinary 6% dividend yield make it an appealing investment option.
Is It Worth Investing in Opera Ltd ADR (NASDAQ: OPRA) Right Now?
The price-to-earnings ratio for Opera Ltd ADR (NASDAQ: OPRA) is above average at 7.22x. The 36-month beta value for OPRA is also noteworthy at 0.90. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The average trading volume of OPRA on May 24, 2024 was 1.01M shares.
OPRA’s Market Performance
OPRA’s stock has seen a 3.55% increase for the week, with a 0.88% rise in the past month and a 23.83% gain in the past quarter. The volatility ratio for the week is 2.87%, and the volatility levels for the past 30 days are at 4.09% for Opera Ltd ADR The simple moving average for the last 20 days is 1.85% for OPRA’s stock, with a simple moving average of 5.91% for the last 200 days.
Analysts’ Opinion of OPRA
Many brokerage firms have already submitted their reports for OPRA stocks, with B. Riley Securities repeating the rating for OPRA by listing it as a “Buy.” The predicted price for OPRA in the upcoming period, according to B. Riley Securities is $20 based on the research report published on December 14, 2023 of the previous year 2023.
Goldman, on the other hand, stated in their research note that they expect to see OPRA reach a price target of $16.50. The rating they have provided for OPRA stocks is “Buy” according to the report published on December 13th, 2023.
Cowen gave a rating of “Outperform” to OPRA, setting the target price at $10 in the report published on May 21st of the previous year.
OPRA Trading at -5.44% from the 50-Day Moving Average
After a stumble in the market that brought OPRA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -51.99% of loss for the given period.
Volatility was left at 4.09%, however, over the last 30 days, the volatility rate increased by 2.87%, as shares surge +3.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.08% lower at present.
During the last 5 trading sessions, OPRA rose by +3.85%, which changed the moving average for the period of 200-days by -14.37% in comparison to the 20-day moving average, which settled at $13.49. In addition, Opera Ltd ADR saw 3.70% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for OPRA
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.64 for the gross margin
The net margin for Opera Ltd ADR stands at 0.37. The total capital return value is set at 0.07. Equity return is now at value 19.62, with 17.83 for asset returns.
Based on Opera Ltd ADR (OPRA), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 8.35. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is 492.01.
Currently, EBITDA for the company is 76.15 million with net debt to EBITDA at -0.95. When we switch over and look at the enterprise to sales, we see a ratio of 2.76. The receivables turnover for the company is 5.38for trailing twelve months and the total asset turnover is 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.10.
Conclusion
In summary, Opera Ltd ADR (OPRA) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others 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.
