Open Lending Corp [LPRO] stock prices are down -2.10% to $6.05 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The LPRO shares have gain 8.04% over the last week, with a monthly amount glided 9.80%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Open Lending Corp [NASDAQ: LPRO] stock has seen the most recent analyst activity on July 22, 2024, when Needham downgraded its rating to a Hold. On February 06, 2024, upgrade upgraded it’s rating to Equal-Weight and revised its price target to $7 on the stock. Canaccord Genuity downgraded its rating to a Hold and decreased its price target to $5.50 on November 08, 2023. BTIG Research initiated its recommendation with a Neutral. In a note dated February 27, 2023, Raymond James downgraded an Outperform rating on this stock and revised its target price from $10 to $9.
The stock price of Open Lending Corp [LPRO] has been fluctuating between $4.57 and $8.70 over the past year. Currently, Wall Street analysts expect the stock to reach $15 within the next 12 months. Open Lending Corp [NASDAQ: LPRO] shares were valued at $6.05 at the most recent close of the market. An investor can expect a potential return of 147.93% based on the average LPRO price forecast.
Analyzing the LPRO fundamentals
The Open Lending Corp [NASDAQ:LPRO] reported sales of 98.42M for trailing twelve months, representing a drop of -29.95%. Gross Profit Margin for this corporation currently stands at 0.77% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.03 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.66.
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 5.91 points at the first support level, and at 5.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.20, and for the 2nd resistance point, it is at 6.34.
Ratios To Look Out For
It’s worth pointing out that Open Lending Corp [NASDAQ:LPRO]’s Current Ratio is 13.32. Also, the Quick Ratio is 13.32, while the Cash Ratio stands at 11.47. Considering the valuation of this stock, the price to sales ratio is 7.33, the price to book ratio is 3.33 and price to earnings (TTM) ratio is 118.40.
Transactions by insiders
Recent insider trading involved Flynn John Joseph, Director, that happened on Mar 21 ’24 when 50000.0 shares were sold. Director, Flynn John Joseph completed a deal on Feb 21 ’24 to sell 50000.0 shares. Meanwhile, Director Flynn John Joseph sold 50000.0 shares on Feb 07 ’24.
