Opera Ltd ADR (OPRA) Shares Soar Above 1-Year High

The stock price of Opera Ltd ADR (NASDAQ: OPRA) has jumped by 1.28 compared to previous close of 19.18. Despite this, the company has seen a gain of 0.60% in its stock price over the last five trading days. seekingalpha.com reported 2024-12-16 that Opera stock has outperformed the S&P 500 significantly since my previous update, validating my bullish thesis. The DoJ’s proposed actions against Google could introduce longer-term uncertainties, but investors shouldn’t overreact. Opera’s solid financial profile, sector-leading profitability, and attractive valuation metrics justify a continued bullish stance on its potential outperformance.

Is It Worth Investing in Opera Ltd ADR (NASDAQ: OPRA) Right Now?

The price-to-earnings ratio for Opera Ltd ADR (NASDAQ: OPRA) is 9.78x, which is above its average ratio. Moreover, the 36-month beta value for OPRA is 1.03. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”

The public float for OPRA is 88.42M and currently, short sellers hold a 1.74% of that float. On January 03, 2025, OPRA’s average trading volume was 530.36K shares.

OPRA’s Market Performance

The stock of Opera Ltd ADR (OPRA) has seen a 0.60% increase in the past week, with a -3.21% drop in the past month, and a 32.78% gain in the past quarter. The volatility ratio for the week is 3.26%, and the volatility levels for the past 30 days are at 4.42% for OPRA. The simple moving average for the past 20 days is 1.42% for OPRA’s stock, with a 27.59% simple moving average for the past 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 3.54% 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 -6.16% of loss for the given period.

Volatility was left at 4.42%, however, over the last 30 days, the volatility rate increased by 3.26%, as shares surge +1.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.57% upper at present.

During the last 5 trading sessions, OPRA rose by +0.41%, which changed the moving average for the period of 200-days by +27.06% in comparison to the 20-day moving average, which settled at $19.15. In addition, Opera Ltd ADR saw 2.56% 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 OPRA starting from Hong Kong Kunlun Tech Holding, who proposed sale 2,442,700 shares at the price of $20.07 back on Dec 04 ’24. After this action, Hong Kong Kunlun Tech Holding now owns shares of Opera Ltd ADR, valued at $49,024,989 using the latest closing price.

Jacobsen Frode, the Officer of Opera Ltd ADR, proposed sale 40,000 shares at $14.80 during a trade that took place back on Sep 18 ’24, which means that Jacobsen Frode is holding shares at $592,000 based on the most recent closing price.

Stock Fundamentals for OPRA

Current profitability levels for the company are sitting at:

  • 0.19 for the present operating margin
  • 0.53 for the gross margin

The net margin for Opera Ltd ADR stands at 0.36. The total capital return value is set at 0.09. Equity return is now at value 20.48, with 18.53 for asset returns.

Currently, EBITDA for the company is 173.98 million with net debt to EBITDA at -0.47. When we switch over and look at the enterprise to sales, we see a ratio of 3.62. The receivables turnover for the company is 5.67for trailing twelve months and the total asset turnover is 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.10.

Conclusion

To wrap up, the performance of Opera Ltd ADR (OPRA) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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