Opera Ltd ADR [OPRA] stock prices are up 0.78% to $15.56 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The OPRA shares have gain 0.39% over the last week, with a monthly amount glided 0.97%, and seem to be holding up well over a long-time horizon.
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On 3, April 2024, Opera and Google Extend Search Agreement. In a post published today on Yahoo Finance, Opera Limited (NASDAQ: OPRA), one of the world’s major browser developers and a leading internet consumer brand, announced that its current Google search commercial agreement has been extended. The agreement was entered into for the three-year period of 2022-2024, with an option for Google to extend through 2025 on the same terms. Google has now exercised this option. This mirrors the events of the search agreement in place for 2018-2020, which was extended through 2021.
From an analyst’s perspective:
Previously, Goldman started tracking the stock with Buy rating on December 13, 2023, and set its price target to $16.50. On May 21, 2020, Cowen initiated with a Outperform rating and assigned a price target of $10 on the stock. Lake Street started tracking the stock assigning a Buy rating and suggested a price target of $19 on October 02, 2019. B. Riley FBR initiated its recommendation with a Buy and recommended $14.50 as its price target on July 17, 2019. Citigroup started tracking with a Buy rating for this stock on November 29, 2018, and assigned it a price target of $9.
The stock price of Opera Ltd ADR [OPRA] has been fluctuating between $9.40 and $28.58 over the past year. Currently, Wall Street analysts expect the stock to reach $9 within the next 12 months. Opera Ltd ADR [NASDAQ: OPRA] shares were valued at $15.56 at the most recent close of the market. An investor can expect a potential drop of -42.16% based on the average OPRA price forecast.
Analyzing the OPRA fundamentals
The Opera Ltd ADR [NASDAQ:OPRA] reported sales of 397.39M for trailing twelve months, representing a surge of 17.60%. Gross Profit Margin for this corporation currently stands at 0.7% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.45%, and Net Profit Margin reading is 0.43%. To continue investigating profitability, this company’s Return on Assets is posted at 0.17, Equity is 0.2 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 15.06 points at the first support level, and at 14.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.20, and for the 2nd resistance point, it is at 16.84.
Opera Ltd ADR [OPRA] reported earnings per share of $1.43 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.23/share, meaning a difference of $1.2 and a surprise factor of 521.70%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $0.16 per share as compared to estimates of $0.16 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
It’s worth pointing out that Opera Ltd ADR [NASDAQ:OPRA]’s Current Ratio is 2.56. In addition, the Quick Ratio stands at 4.69 and the Cash Ratio stands at 1.15. Considering the valuation of this stock, the price to sales ratio is 3.43, the price to book ratio is 1.45 and price to earnings (TTM) ratio is 8.17.
