A new trading day began on Tuesday, with Open Lending Corp (NASDAQ: LPRO) stock price up 12.91% from the previous day of trading, before settling in for the closing price of $5.81. LPRO’s price has ranged from $4.57 to $8.70 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Annual sales at Financial sector company grew by 12.80% over the past five years. Meanwhile, its annual earnings per share averaged -47.12%. With a float of $108.46 million, this company’s outstanding shares have now reached $119.26 million.
Let’s look at the performance matrix of the company that is accounted for 210 employees. In terms of profitability, gross margin is 76.06%, operating margin of 5.11%, and the pretax margin is 6.29%.
Open Lending Corp (LPRO) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Credit Services Industry. The insider ownership of Open Lending Corp is 9.12%, while institutional ownership is 70.42%. 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
According to the Wall Street analysts, stocks earnings will be around -47.12% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 19.70% 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
Here are Open Lending Corp’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 9.42. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.16. Likewise, its price to free cash flow for the trailing twelve months is 22.76.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.04, a number that is poised to hit 0.02 in the next quarter and is forecasted to reach 0.19 in one year’s time.
Technical Analysis of Open Lending Corp (LPRO)
Open Lending Corp (NASDAQ: LPRO) saw its 5-day average volume 0.32 million, a negative change from its year-to-date volume of 0.42 million. As of the previous 9 days, the stock’s Stochastic %D was 38.01%. Additionally, its Average True Range was 0.31.
During the past 100 days, Open Lending Corp’s (LPRO) raw stochastic average was set at 82.35%, which indicates a significant decrease from 82.69% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 71.96% in the past 14 days, which was higher than the 54.68% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.02, while its 200-day Moving Average is $5.92. Nevertheless, the first resistance level for the watch stands at $6.95 in the near term. At $7.34, the stock is likely to face the second major resistance level. The third major resistance level sits at $7.93. If the price goes on to break the first support level at $5.97, it is likely to go to the next support level at $5.38. Assuming the price breaks the second support level, the third support level stands at $4.99.
Open Lending Corp (NASDAQ: LPRO) Key Stats
With a market capitalization of 782.93 million, the company has a total of 119,350K Shares Outstanding. Currently, annual sales are 117,460 K while annual income is 22,070 K. The company’s previous quarter sales were 23,480 K while its latest quarter income was 1,440 K.
