While OneSpan Inc has overperformed by 4.38%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, OSPN fell by -38.29%, with highs and lows ranging from $19.15 to $7.64, whereas the simple moving average fell by -12.63% in the last 200 days.
On August 10, 2023, DA Davidson Downgraded OneSpan Inc (NASDAQ: OSPN) to Neutral. A report published by Craig Hallum on February 02, 2022, Initiated its previous ‘Buy’ rating for OSPN. Sidoti also Upgraded OSPN shares as ‘Buy’, setting a target price of $39 on the company’s shares in a report dated April 15, 2021. DA Davidson Initiated an Buy rating on March 31, 2021, and assigned a price target of $35. Sidoti February 19, 2021d its ‘Buy’ rating to ‘Neutral’ for OSPN, as published in its report on February 19, 2021. Needham’s report from May 19, 2020 suggests a price prediction of $24 for OSPN shares, giving the stock a ‘Buy’ rating. BTIG Research also rated the stock as ‘Neutral’.
Analysis of OneSpan Inc (OSPN)
Further, the quarter-over-quarter increase in sales is 11.14%, showing a positive trend in the upcoming months.
One of the most important indicators of OneSpan Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -16.44% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.14, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and OSPN is recording 530.32K average volume. On a monthly basis, the volatility of the stock is set at 5.53%, whereas on a weekly basis, it is put at 10.21%, with a gain of 5.70% over the past seven days. Furthermore, long-term investors anticipate a median target price of $13.00, showing growth from the present price of $10.01, which can serve as yet another indication of whether OSPN is worth investing in or should be passed over.
How Do You Analyze OneSpan Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 6.04%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 86.51% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
OSPN shares are owned by institutional investors to the tune of 86.51% at present.
