Opera Ltd ADR (NASDAQ:OPRA) traded with a subtraction of -$1.55 to $13.15 on Thursday, a downside of -10.54 percent. An average of 812,946 shares of common stock have been traded in the last five days. There was a gain of $0.40 in the past week, and it reached a new high 50 times over the past 12 months. The last 20 days have seen an average of 697,896 shares traded, while the 50-day average volume stands at 1,011,355.
OPRA stock has decreased by -11.80% in the last month. The company shares reached their 1-month lowest point of $12.52 on 09/28/23. With the stock rallying to its 52-week high on 07/13/23, shares of the company touched a low of $3.49 and a high of $28.58 in 52 weeks. It has reached a new high 40 times so far this year and achieved 134.60% or $6.89 in price. In spite of this, the price is down -53.99% from the 52-week high.
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Valuation Metrics
Opera Ltd ADR (OPRA) has a trailing price-to-earnings (P/E) ratio of 21.14, which compares with the N/A for the broader industry. The stock’s beta is 1.06. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.27, the price-to-book (PB) ratio at 1.45, and the price-to-cash flow ratio at 21.64.
The company’s most recent quarterly dividend payment was $0.40 a share, representing a down of -46.67% from $0.75 last year. Its latest decrease dividend $0.35 reported on Wednesday June 14 2023.
Financial Health
The quick ratio of Opera Ltd ADR for the three months ended June 29 was 4.30, and the current ratio was 4.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.01 and a total debt to equity ratio of 0.01 for the quarter ending June 29. Opera Ltd ADR’s EBITDA margin for the year ending June 29 is 17.66%, while its operating margin for the same period stands at 15.87%. Its gross profit as reported stood at $284.86 million compared to revenue of $331.51 million.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $15.04 million in the quarter, while revenues were grew 392.29%. The analyst consensus anticipated Opera Ltd ADR’s latest quarter earnings to come in at $0.16 per share, but it turned out to be $0.16, a 0.00% surprise. For the quarter, EBITDA amounted to $15.89 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Opera Ltd ADR (OPRA) price momentum. RSI 9-day as of the close on 27 September was 42.86%, suggesting the stock is Neutral, with historical volatility in this time frame at 75.11%.
As of today, OPRA’s price is $13.71 +3.13% or $0.40 from its 5-day moving average. OPRA is currently trading -13.06% lower than its 20-day SMA and +17.78% higher than its 100-day SMA. However, the stock’s current price level is -38.53% below the SMA50 and +132.86% above the SMA200.
The stochastic %K and %D were 68.26% and 61.36%, respectively, and the average true range (ATR) was 0.86. With the 14-day stochastic at 29.63% and the average true range at 0.87, the RSI (14) stands at 42.31%. The stock has reached 0.49 on the 9-day MACD Oscillator while the 14-day reading was at 0.53.
Analyst Ratings
Cowen launched coverage on Opera Ltd ADR (NASDAQ: OPRA) in its analyst report released on May 21, 2020. The firm assigned the stock an Outperform rating. The consensus rating for Opera Ltd ADR (OPRA) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell OPRA, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 others rate it as a “buy”.
What is OPRA’s price target for the next 12 months?
Analysts predict a range of price targets between $18.00 and $23.00, with a median target of $20.00. Taking a look at these predictions, the average price target given by analysts for Opera Ltd ADR (OPRA) stock is $20.25.
