The stock of Opera Ltd ADR (NASDAQ: OPRA) has decreased by -2.63 when compared to last closing price of 18.28. Despite this, the company has experienced a -6.02% fall in its stock price over the last five trading sessions. 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 above average at 8.97x, Company’s 36-month beta value is 1.04.Analysts have differing 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% ratio of that floaft. The average trading volume of OPRA on January 09, 2025 was 542.79K shares.
OPRA’s Market Performance
The stock of Opera Ltd ADR (OPRA) has seen a -6.02% decrease in the past week, with a -7.00% drop in the past month, and a 21.58% gain in the past quarter. The volatility ratio for the week is 4.81%, and the volatility levels for the past 30 days are at 4.55% for OPRA. The simple moving average for the last 20 days is -6.67% for OPRA stock, with a simple moving average of 16.58% 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 -5.84% 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 -14.01% of loss for the given period.
Volatility was left at 4.55%, however, over the last 30 days, the volatility rate increased by 4.81%, as shares sank -6.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.01% upper at present.
During the last 5 trading sessions, OPRA fell by -6.02%, which changed the moving average for the period of 200-days by +16.49% in comparison to the 20-day moving average, which settled at $19.07. In addition, Opera Ltd ADR saw -6.02% 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 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 3.29. 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
In a nutshell, Opera Ltd ADR (OPRA) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
