Open Lending Corp (NASDAQ: LPRO)’s stock price has soared by 0.70 in relation to previous closing price of 5.72. Nevertheless, the company has seen a gain of 1.59% in its stock price over the last five trading days. globenewswire.com reported 2024-08-12 that AUSTIN, Texas, Aug. 12, 2024 (GLOBE NEWSWIRE) — Open Lending Corporation (Nasdaq: LPRO) (“Open Lending” or the “Company”), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, today announced that the Company will be attending the Canaccord Genuity 44th Annual Growth Conference in Boston, MA. The Company will participate in a fireside chat discussion, which will begin at 11:00am ET and can be accessed by visiting the Company’s investor relations website at https://investors.openlending.com/ under the “Events” section. A replay of the webcast will be available on the investor relations website following the discussion.
Is It Worth Investing in Open Lending Corp (NASDAQ: LPRO) Right Now?
The price-to-earnings ratio for Open Lending Corp (NASDAQ: LPRO) is above average at 112.72x. The 36-month beta value for LPRO is also noteworthy at 1.12. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 1 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
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The public float for LPRO is 104.87M, and at present, short sellers hold a 3.75% of that float. The average trading volume of LPRO on September 02, 2024 was 440.75K shares.
LPRO’s Market Performance
LPRO’s stock has seen a 1.59% increase for the week, with a -2.21% drop in the past month and a -10.97% fall in the past quarter. The volatility ratio for the week is 3.54%, and the volatility levels for the past 30 days are at 4.76% for Open Lending Corp The simple moving average for the last 20 days is 5.00% for LPRO’s stock, with a simple moving average of -10.63% for the last 200 days.
Analysts’ Opinion of LPRO
Morgan Stanley gave a rating of “Equal-Weight” to LPRO, setting the target price at $7 in the report published on February 06th of the current year.
LPRO Trading at 0.67% 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 -33.79% of loss for the given period.
Volatility was left at 4.76%, however, over the last 30 days, the volatility rate increased by 3.54%, as shares surge +1.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.37% lower at present.
During the last 5 trading sessions, LPRO rose by +1.59%, which changed the moving average for the period of 200-days by +0.17% in comparison to the 20-day moving average, which settled at $5.49. In addition, Open Lending Corp saw -32.31% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
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 $7.35 back on Mar 21 ’24. After this action, Flynn John Joseph now owns 1,993,762 shares of Open Lending Corp, valued at $367,290 using the latest closing price.
Flynn John Joseph, the Director of Open Lending Corp, sale 50,000 shares at $7.96 during a trade that took place back on Feb 21 ’24, which means that Flynn John Joseph is holding 2,029,666 shares at $398,030 based on the most recent closing price.
Stock Fundamentals for LPRO
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.77 for the gross margin
The net margin for Open Lending Corp stands at 0.06. The total capital return value is set at 0.02. Equity return is now at value 2.82, with 1.60 for asset returns.
Based on Open Lending Corp (LPRO), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.33. The debt to equity ratio resting at 0.66. The interest coverage ratio of the stock is 0.68.
Currently, EBITDA for the company is 30.23 million with net debt to EBITDA at -7.17. When we switch over and look at the enterprise to sales, we see a ratio of 5.9. The receivables turnover for the company is 2.8for trailing twelve months and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 13.32.
Conclusion
In summary, Open Lending Corp (LPRO) has had a bad 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.
