The Stock Of The Week: Open Lending Corporation (LPRO)

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As of Wednesday close, Open Lending Corporation’s (NASDAQ:LPRO) stock was up $0.1, moving up 1.44 percent to $7.03. The average number of shares traded per day over the past five days has been 684,240 shares. 2 times new highs have been achieved over the past 5 days, with a $0.15 gain in that time frame. In the last twenty days, the average volume was 902,730, while in the previous 50 days, it was 984,740.

Since last month, LPRO stock retreated -6.02%. Shares of the company fell to $6.11 on 11/04/22, the lowest level in the past month. A 52-week high of $26.44 was reached on 01/04/22 after having rallying from a 52-week low of $6.11. Since the beginning of this year, LPRO’s stock price has dropped by -68.73% or -$15.45, and marked a new high 2 times. However, the stock has declined by -73.41% since its 52-week high.


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Valuation Metrics

Right now, Open Lending Corporation (LPRO) has a P/E ratio of about 8.99. The stock’s beta is 0.67. Besides these, the trailing price-to-sales (P/S) ratio of 4.08, the price-to-book (PB) ratio of 3.80, and the price-to-cash flow ratio of 7.52 may also be considered.

Financial Health

In the three months ended September 29, Open Lending Corporation’s quick ratio stood at 16.70, while its current ratio was 16.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.62, and the total debt-to-equity ratio was 0.64. On the profitability front, the trailing twelve-month gross margin is 90.30% percent. In the year ended September 29, operating margins totaled 62.70%. Based on annual data, LPRO earned $197.03 million in gross profit and brought in $215.66 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 49.80%. Return on equity (ROE) for the past 12 months was 50.40%.

In Open Lending Corporation’s quarter-end financial report for September 29, it reported total debt of $144.48 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. LPRO’s revenue fell -16.25% to $52.04 million during the quarter, while net income inched up to $50.66 million. While analysts expected Open Lending Corporation to report $0.15 quarterly earnings, the actual figure was $0.19 per share, beating the consensus estimate by 26.70%. During the quarter, the company generated $28.12 million in EBITDA. The liabilities of Open Lending Corporation were 165.69 million at the end of its most recent quarter ended September 29, and its total debt was $153.31 million. The value of shareholders’ equity is $126.3 million.

Technical Picture

This quick technical analysis looks at Open Lending Corporation’s (LPRO) price momentum. With a historical volatility rate of 63.86%, the RSI 9-day stood at 50.33% on 23 November.

With respect to its five-day moving average, the current Open Lending Corporation price is up by +2.18% percent or $0.15. At present, LPRO shares trade -3.17% below its 20-day simple moving average and -34.97% percent below its 100-day simple moving average. However, the stock is currently trading approximately -27.23% below its SMA50 and -62.53% below its SMA200.

Stochastic coefficient K was 47.12% and Stochastic coefficient D was 47.90%, while ATR was 0.53. Given the Stochastic reading of 48.17% for the 14-day period, the RSI (14) reading has been calculated as 48.16%. As of today, the MACD Oscillator reading stands at -0.07, while the 14-day reading stands at 0.10.

Analyst Ratings

Open Lending Corporation downgraded its rating on Open Lending Corporation (NASDAQ: LPRO) to an Equal-weight in a note to investors on August 05, 2022. The analysts firm previously had an Overweight rating on the stock.Open Lending Corporation (LPRO) has been rated Overweight by analysts. According to 1 brokerage firm, LPRO is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Open Lending Corporation stock as buy, with 8 recommending it as overweight.

With a median target price of $10.00, the current consensus forecast for the stock is $5.50 – $30.00. Based on these forecasts, analysts predict Open Lending Corporation (LPRO) will achieve an average price target of $12.65.

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