OneSpan Inc (OSPN) stock forecast: Can it reach its 52-week high of $16.41

OneSpan Inc [OSPN] stock prices are up 4.45% to $16.21 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 OSPN shares have gain 8.72% over the last week, with a monthly amount glided 5.47%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

OneSpan Inc [NASDAQ: OSPN] stock has seen the most recent analyst activity on September 06, 2024, when Rosenblatt initiated its Buy rating and assigned the stock a price target of $20. Previously, Sidoti downgraded its rating to Neutral on April 02, 2024, and kept the price target unchanged to $12. On August 10, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $12 on the stock. Craig Hallum started tracking the stock assigning a Buy rating and suggested a price target of $28 on February 02, 2022. Sidoti upgraded its rating to a Buy but $39 remained the price target by the analyst firm on April 15, 2021. DA Davidson started tracking with a Buy rating for this stock on March 31, 2021, and assigned it a price target of $35. In a note dated February 19, 2021, Sidoti downgraded an Neutral rating on this stock but restated the target price of $27.

The stock price of OneSpan Inc [OSPN] has been fluctuating between $7.64 and $16.41 over the past year. OneSpan Inc [NASDAQ: OSPN] shares were valued at $16.21 at the most recent close of the market.

Analyzing the OSPN fundamentals

The OneSpan Inc [NASDAQ:OSPN] reported sales of 247.53M for trailing twelve months, representing a surge of 9.31%. Gross Profit Margin for this corporation currently stands at 0.69% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.1 and Total Capital is 0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.05.

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 15.76 points at the first support level, and at 15.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.50, and for the 2nd resistance point, it is at 16.79.

Ratios To Look Out For

It’s worth pointing out that OneSpan Inc [NASDAQ:OSPN]’s Current Ratio is 1.54. In addition, the Quick Ratio stands at 1.40 and the Cash Ratio stands at 0.69. Considering the valuation of this stock, the price to sales ratio is 2.48, the price to book ratio is 3.43 and price to earnings (TTM) ratio is 37.96.

Transactions by insiders

Recent insider trading involved McConnell Michael J, Director, that happened on Mar 15 ’24 when 5000.0 shares were purchased. Chief Financial Officer, Martell Jorge Garcia completed a deal on Mar 15 ’24 to sell 5000.0 shares. Meanwhile, Director Zenner Marc bought 2500.0 shares on Mar 13 ’24.

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