Open Lending Corporation (NASDAQ:LPRO) finished Wednesday with a subtraction of -$2.29 to close at $7.96, a downside of -22.34 percent. An average of 1,028,760 shares of common stock have been traded in the last five days. There was a fall of -$3.07 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 605,715 shares traded, while the 50-day average volume stands at 627,204.
LPRO stock has decreased by -23.02% in the last month. The company shares reached their 1-month lowest point of $6.60 on 08/09/23. With the stock rallying to its 52-week high on 05/10/23, shares of the company touched a low of $5.35 and a high of $11.99 in 52 weeks. It has reached a new high 17 times so far this year and achieved 17.93% or $1.21 in price. In spite of this, the price is down -33.61% from the 52-week high.
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Insider Transactions
LPRO stock investors should be aware that Open Lending Corporation (LPRO) stock had its last reported insider trading activity 3 days ago on Aug 07. In this transaction, the insider spent $515,175. Director, Flynn John Joseph, disposed of 50,000 shares at a price of $11.21 on Jul 21. The insider now owns more than $560,405 worth of shares. Prior to that, Director Flynn John Joseph went on to Sale 50,000 shares at $10.03 each on Jul 07. An amount of $501,405 was transacted.
Valuation Metrics
Open Lending Corporation (LPRO) has a trailing price-to-earnings (P/E) ratio of 17.85. The stock’s beta is 0.78. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.92, the price-to-book (PB) ratio at 4.77, and the price-to-cash flow ratio at 9.51.
Financial Health
The quick ratio of Open Lending Corporation for the three months ended March 30 was 16.20, and the current ratio was 16.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.69 and a total debt to equity ratio of 0.71 for the quarter ending March 30. Open Lending Corporation’s EBITDA margin for the year ending March 30 is 55.19%, while its operating margin for the same period stands at 49.10%. Its gross profit as reported stood at $159.63 million compared to revenue of $179.59 million.
Earnings Surprise
For the three-month period that ended March 30, Open Lending Corporation had $142.83 million in total debt. The analyst consensus anticipated Open Lending Corporation’s latest quarter earnings to come in at $0.06 per share, but it turned out to be $0.1, a 66.70% surprise. For the quarter, EBITDA amounted to $17.44 million. At the end of the quarter ending March 30, Open Lending Corporation’s stock balance sheet showed total liabilities of 167.35 million. Shareholders own equity worth $120.65 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Open Lending Corporation (LPRO) price momentum. RSI 9-day as of the close on 09 August was 13.74%, suggesting the stock is oversold, with historical volatility in this time frame at 120.88%.
As of today, LPRO’s price is $9.88 -27.83% or -$3.07 from its 5-day moving average. LPRO is currently trading -24.62% lower than its 20-day SMA and +16.37% higher than its 100-day SMA. However, the stock’s current price level is -21.88% below the SMA50 and +15.70% above the SMA200.
The stochastic %K and %D were 22.18% and 15.78%, respectively, and the average true range (ATR) was 0.70. With the 14-day stochastic at 27.81% and the average true range at 0.56, the RSI (14) stands at 20.66%. The stock has reached -0.93 on the 9-day MACD Oscillator while the 14-day reading was at -1.19.
Analyst Ratings
BTIG Research launched coverage on Open Lending Corporation (NASDAQ: LPRO) in its analyst report released on June 14, 2023. The firm assigned the stock a Neutral rating. The consensus rating for Open Lending Corporation (LPRO) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell LPRO, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 7 others rate it as a “buy”.
What is LPRO’s price target for the next 12 months?
Analysts predict a range of price targets between $6.00 and $20.00, with a median target of $11.00. Taking a look at these predictions, the average price target given by analysts for Open Lending Corporation (LPRO) stock is $11.40.
