Opera Limited (NASDAQ:OPRA) saw a downside of -2.27% to close Friday at $14.22 after subtracting -$0.33 on the day. The 5-day average trading volume is 505,900 shares of the company’s common stock. It has gained $15.85 in the past week and touched a new high 1 time within the past 5 days. An average of 1,084,015 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,743,892.
OPRA’s 1-month performance is -31.54% or -$8.48 on its low of $14.09 reached on 08/18/23. The company’s shares have touched a 52-week low of $3.49 and high of $28.58, with the stock’s rally to the 52-week high happening on 07/13/23. YTD, OPRA has achieved 153.69% or $7.93 and has reached a new high 40 times. However, the current price is down -50.24% from the 52-week high price.
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Valuation Metrics
OPRA stock has a beta of 1.10. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.77 while the price-to-book (PB) in the most recent quarter is 1.53, with the price to cash flow ratio at 19.96.
As well, the company’s long term debt to equity for the quarter ending March 30 was 0.01, while the total debt to equity was 0.01. In terms of profitability, the gross margin trailing 12 months is 81.70%. The trailing 12-month EBITDA margin is 17.66% while for the period ending March 30, Opera Limited’s operating margin was 15.70%. The firm’s gross profit as reported stood at $284.86 million against revenue of $331.51 million.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 392.29% to $15.04 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected OPRA to announce $0.14 per share in earnings in its latest quarter, but it posted $0.19, representing a 35.70% surprise. EBITDA for the quarter stood at more than $17.33 million. OPRA stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 78.09 million, with total debt at $6.95 million.
Let’s look briefly at Opera Limited (OPRA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 21.65% to suggest the stock is trending oversold, with historical volatility in this time period at 22.57%.
The stock’s 5-day moving average is $15.03, reflecting a -9.14% or -$1.43 change from its current price. OPRA is currently trading -26.36% above its 20-day SMA, +47.82% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -19.75% and SMA200 by+198.11%.
Stochastic %K and %D was 2.12% and 4.01% and the average true range (ATR) pointed at 0.94. The RSI (14) points at 30.88%, while the 14-day stochastic is at 3.17% with the period’s ATR at 1.15. The stock’s 9-day MACD Oscillator is pointing at -0.84 and -1.52 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Opera Limited (NASDAQ: OPRA), Cowen launched coverage with an Outperform rating. Analysts offering their rating for OPRA stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate OPRA as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.
What is OPRA’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $21.00 and a high of $23.00, with their median price target at $22.00. Looking at these predictions, the average price target given by analysts is for Opera Limited (OPRA) stock is $22.00.
