Opera Ltd ADR [OPRA] stock is trading at $12.48, up 4.44%. An important factor to consider is whether the stock is rising or falling in short-term value. The OPRA shares have gain 2.97% over the last week, with a monthly amount drifted -11.11%, and not seem to be holding up well over a long-time horizon.
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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.
Opera Ltd ADR [OPRA] stock has fluctuated between $10.30 and $18.35 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 $12.48 at the most recent close of the market. An investor can expect a potential drop of -27.88% based on the average OPRA price forecast.
Analyzing the OPRA fundamentals
Opera Ltd ADR [NASDAQ:OPRA] reported sales of 411.29M for the trailing twelve months, which represents a growth of 16.00%. Gross Profit Margin for this corporation currently stands at 0.64% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.43%, and Net Profit Margin reading is 0.37%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.18 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
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 12.03 points at the first support level, and at 11.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.73, and for the 2nd resistance point, it is at 12.97.
Ratios To Look Out For
For context, Opera Ltd ADR’s Current Ratio is 2.10. On the other hand, the Quick Ratio is 2.10, and the Cash Ratio is 1.09. Considering the valuation of this stock, the price to sales ratio is 2.68, the price to book ratio is 1.22 and price to earnings (TTM) ratio is 6.57.
