Watching Offerpad Solutions Inc. (OPAD) For Insider Activity

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BEPC Stock
BEPC Stock

Offerpad Solutions Inc. (NYSE:OPAD) traded with a subtraction of -$0.05 to $1.22 on Thursday, a downside of -4.33 percent. An average of 845,480 shares of common stock have been traded in the last five days. There was a fall of -$0.1600 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 954,605 shares traded, while the 50-day average volume stands at 1,469,016.

OPAD stock has decreased by -23.95% in the last month. The company shares reached their 1-month lowest point of $1.2100 on 09/22/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $1.22 and a high of $12.75 in 52 weeks. It has reached a new high 2 times so far this year and lost -80.16% or -$5.1800 in price. In spite of this, the price is down -90.47% from the 52-week high.


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Valuation Metrics

Offerpad Solutions Inc. (OPAD) has a trailing price-to-earnings (P/E) ratio of 11.76. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.09, the price-to-book (PB) ratio at 0.98.

Financial Health

The quick ratio of Offerpad Solutions Inc. for the three months ended June 29 was 0.20, and the current ratio was 1.30, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 3.58 for the quarter ending June 29. Its gross profit as reported stood at $207.81 million compared to revenue of $2.07 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Offerpad Solutions Inc.’s return on assets was 3.90%.

Earnings Surprise

In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $11.56 million in the quarter, while revenues were grew 55.36%. The analyst consensus anticipated Offerpad Solutions Inc.’s latest quarter earnings to come in at $0.06 per share, but it turned out to be $0, a -100.00% surprise. For the quarter, EBITDA amounted to $9.34 million. Shareholders own equity worth $246.97 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Offerpad Solutions Inc. (OPAD) price momentum. RSI 9-day as of the close on 21 September was 25.19%, suggesting the stock is oversold, with historical volatility in this time frame at 52.32%.

As of today, OPAD’s price is $1.2740 -11.59% or -$0.1600 from its 5-day moving average. OPAD is currently trading -24.22% lower than its 20-day SMA and -75.65% lower than its 100-day SMA. However, the stock’s current price level is -47.41% below the SMA50 and -83.47% below the SMA200.

The stochastic %K and %D were 7.74% and 11.37%, respectively, and the average true range (ATR) was 0.1029. With the 14-day stochastic at 2.50% and the average true range at 0.1174, the RSI (14) stands at 28.84%. The stock has reached -0.1000 on the 9-day MACD Oscillator while the 14-day reading was at -0.1314.

Analyst Ratings

The consensus rating for Offerpad Solutions Inc. (OPAD) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell OPAD, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 others rate it as a “buy”.

What is OPAD’s price target for the next 12 months?

Analysts predict a range of price targets between $2.00 and $6.00, with a median target of $4.38. Taking a look at these predictions, the average price target given by analysts for Offerpad Solutions Inc. (OPAD) stock is $3.88.

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