On Monday, Open Lending Corp (NASDAQ: LPRO) opened higher 4.51% from the last session, before settling in for the closing price of $4.66. Price fluctuations for LPRO have ranged from $4.57 to $11.99 over the past 52 weeks.
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Annual sales at Financial sector company grew by 12.80% over the past five years. Company’s average yearly earnings per share was noted 44.44% at the time writing. With a float of $97.05 million, this company’s outstanding shares have now reached $118.82 million.
Let’s look at the performance matrix of the company that is accounted for 210 employees.
Open Lending Corp (LPRO) Insider Updates
A key investor’s attitude towards the stock of the Credit Services industry is another important factor to consider. The insider ownership of Open Lending Corp is 18.36%, while institutional ownership is 66.62%. The most recent insider transaction that took place on Mar 21 ’24, was worth 367,290. In this transaction Director of this company sold 50,000 shares at a rate of $7.35, taking the stock ownership to the 1,993,762 shares. Before that another transaction happened on Feb 21 ’24, when Company’s Director sold 50,000 for $7.96, making the entire transaction worth $398,030. This insider now owns 2,029,666 shares in total.
Open Lending Corp (LPRO) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 12/31/2023, the company posted -$0.04 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at $0.04) by -$0.08. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 44.44% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -13.29% during the next five years compared to 18.40% growth over the previous five years of trading.
Open Lending Corp (NASDAQ: LPRO) Trading Performance Indicators
Check out the current performance indicators for Open Lending Corp (LPRO). In the past quarter, the stock posted a quick ratio of 14.08. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.93. Likewise, its price to free cash flow for the trailing twelve months is 7.19.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.18, a number that is poised to hit 0.05 in the next quarter and is forecasted to reach 0.35 in one year’s time.
Technical Analysis of Open Lending Corp (LPRO)
Open Lending Corp (NASDAQ: LPRO) saw its 5-day average volume 0.48 million, a positive change from its year-to-date volume of 0.46 million. As of the previous 9 days, the stock’s Stochastic %D was 13.17%. Additionally, its Average True Range was 0.27.
During the past 100 days, Open Lending Corp’s (LPRO) raw stochastic average was set at 7.26%, which indicates a significant decrease from 24.90% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 37.39% in the past 14 days, which was lower than the 52.09% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.61, while its 200-day Moving Average is $7.52. Nevertheless, the first resistance level for the watch stands at $4.97 in the near term. At $5.06, the stock is likely to face the second major resistance level. The third major resistance level sits at $5.22. If the price goes on to break the first support level at $4.72, it is likely to go to the next support level at $4.56. Assuming the price breaks the second support level, the third support level stands at $4.47.
Open Lending Corp (NASDAQ: LPRO) Key Stats
There are currently 118,877K shares outstanding in the company with a market cap of 578.95 million. Presently, the company’s annual sales total 117,460 K according to its annual income of 22,070 K. Last quarter, the company’s sales amounted to 14,940 K and its income totaled -4,840 K.
