Oportun Financial Corp (NASDAQ: OPRT)’s stock price has gone decline by -5.00 in comparison to its previous close of 2.60, however, the company has experienced a -6.79% decrease in its stock price over the last five trading days. globenewswire.com reported 2024-09-25 that SAN CARLOS, Calif., Sept. 25, 2024 (GLOBE NEWSWIRE) — Oportun (Nasdaq: OPRT), a mission-driven financial services company, today announced that it has signed a definitive agreement to sell its credit card portfolio to Continental Finance. This transaction reflects a key milestone towards Oportun’s initiative to enhance profitability in 2024 and beyond by simplifying the business and driving performance in its three core products: unsecured personal loans, secured personal loans, and its award-winning Set & Save™ savings product.
Is It Worth Investing in Oportun Financial Corp (NASDAQ: OPRT) Right Now?
The 36-month beta value for OPRT is at 1.11. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for OPRT is 27.88M, and currently, shorts hold a 0.43% of that float. The average trading volume for OPRT on October 11, 2024 was 140.03K shares.
OPRT’s Market Performance
The stock of Oportun Financial Corp (OPRT) has seen a -6.79% decrease in the past week, with a 0.61% rise in the past month, and a -14.24% fall in the past quarter. The volatility ratio for the week is 6.56%, and the volatility levels for the past 30 days are at 6.71% for OPRT. The simple moving average for the past 20 days is -10.00% for OPRT’s stock, with a -22.07% 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 -13.17% 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 -66.26% of loss for the given period.
Volatility was left at 6.71%, however, over the last 30 days, the volatility rate increased by 6.56%, as shares surge +3.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.54% lower at present.
During the last 5 trading sessions, OPRT fell by -6.79%, which changed the moving average for the period of 200-days by -31.96% in comparison to the 20-day moving average, which settled at $2.74. In addition, Oportun Financial Corp saw -36.83% 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 OPRT starting from Mueller Casey, who sale 373 shares at the price of $2.45 back on Sep 10 ’24. After this action, Mueller Casey now owns 200,902 shares of Oportun Financial Corp, valued at $914 using the latest closing price.
Kirscht Patrick, the Chief Credit Officer of Oportun Financial Corp, sale 7,787 shares at $2.45 during a trade that took place back on Sep 10 ’24, which means that Kirscht Patrick is holding 341,763 shares at $19,078 based on the most recent closing price.
Stock Fundamentals for OPRT
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 1.0 for the gross margin
The net margin for Oportun Financial Corp stands at -0.12. The total capital return value is set at 0.02. Equity return is now at value -29.64, with -3.58 for asset returns.
Based on Oportun Financial Corp (OPRT), the company’s capital structure generated 0.89 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 7.94. The interest coverage ratio of the stock is 0.38.
Currently, EBITDA for the company is -253.7 million with net debt to EBITDA at -9.09. 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 126.57for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.99.
Conclusion
In conclusion, Oportun Financial Corp (OPRT) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
