The stock of Open Lending Corporation (NASDAQ:LPRO) increased by $0.08 on Friday to finish at $8.27, up 0.98 percent. The last five days have seen an average of 1,265,300 shares of common stock traded. 17 times new highs were reached in the current year, with a gain of $1.52. The average number of shares traded over the last 20 days was 670,525, while the average volume over the last 50 days totaled 634,814.
LPRO stock dropped -22.49% since last month. On 08/09/23, the company’s shares reached a one-month low of $6.60. The stock touched a high of $11.99 on 05/10/23, after rallying from a low of $5.35 in 52 weeks. The price of LPRO stock has risen by 22.52% or $1.52 this year, reaching a new high 17 times. Still, the stock price is down -31.03% from the 52-week high.
Insider Transactions
LPRO stock investors should be aware that Open Lending Corporation (LPRO) stock had its last reported insider trading activity 7 days ago on Aug 07. On Aug 07, Director Flynn John Joseph sold 50,000 shares at $10.30 each. This transaction resulted in the insider making $515,175. On Jul 21, Flynn John Joseph sold 50,000 shares at a price of US$11.21. After the transaction, the insider now owns 2,529,666 shares. Director Flynn John Joseph had earlier sold 50,000 shares on Jul 07 for $10.03 a share. The transaction was completed for $501,405.
Valuation Metrics
Open Lending Corporation (LPRO) has a trailing price-to-earnings (P/E) ratio of 23.23. Beta for the stock is 0.82. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 6.42, the price-to-book (PB) ratio of 4.54, and the price-to-cash flow ratio of 9.98.
Financial Health
For the three months ended June 29, Open Lending Corporation’s quick ratio was 15.80, while its current ratio was 15.80, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.65, and the total debt to equity ratio is 0.67. As far as profitability goes, gross margin for the trailing twelve months is 85.90% percent. Open Lending Corporation’s EBITDA margin for the year ended June 29 was 55.19%, whereas its operating margin stood at 42.50% for the same period. Based on annual data, it had gross profit of $159.63 million and revenue of $179.59 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. LPRO’s return on assets (ROA) during the last 12 months has been 11.50%. There was a 19.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 20.30%.
Earnings Surprise
According to Open Lending Corporation’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. It was predicted that Open Lending Corporation’s quarterly earnings would be $0.09, but it ended up being $0.09. EBITDA was $16.08 million for the quarter. At the end of Open Lending Corporation’s most recent quarter ended June 29, its liabilities totaled 167.65 million, while its total debt was $150.89 million. Equity owned by shareholders amounts to $120.7 million.
Technical Picture
Here’s a quick look at Open Lending Corporation’s (LPRO) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 21.01%, suggesting the stock is oversold, with a 124.80% historical volatility rate.
The stochastic %K and %D were 31.49% and 26.20% respectively, while the average true range (ATR) was 0.62. Based on the 14-day stochastic reading of 34.15%, the RSI (14) reading is 25.97%. On the 9-day MACD Oscillator, the stock is at -1.65, and the 14-day reading is at -2.17.
Analyst Ratings
In its analyst report released on June 14, 2023, BTIG Research began covering Open Lending Corporation (NASDAQ: LPRO). The stock was rated as a Neutral by the brokerage firm. Analysts have assigned Open Lending Corporation (LPRO) an Overweight rating. LPRO is a stock that is recommended for selling by 1 brokerage firm, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 7 others recommend it as a buy.
What is LPRO’s price target for the next 12 months?
The current consensus forecast for the stock is between $6.00 and $20.00, with a median target price of $11.50. In analyzing these forecasts, the average price target given by analysts for Open Lending Corporation (LPRO) is $11.50.
