While Open Lending Corp has underperformed by -4.19%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, LPRO fell by -18.31%, with highs and lows ranging from $11.99 to $4.89, whereas the simple moving average fell by -27.76% in the last 200 days.
On February 06, 2024, Morgan Stanley Upgraded Open Lending Corp (NASDAQ: LPRO) to Equal-Weight. A report published by Canaccord Genuity on November 08, 2023, Downgraded its rating to ‘Hold’ for LPRO. Needham Initiated an Buy rating on May 25, 2023, and assigned a price target of $13. Raymond James February 27, 2023d its ‘Strong Buy’ rating to ‘Outperform’ for LPRO, as published in its report on February 27, 2023. Stephens’s report from August 05, 2022 suggests a price prediction of $13 for LPRO shares, giving the stock a ‘Equal-Weight’ rating. Morgan Stanley also rated the stock as ‘Underweight’.
Analysis of Open Lending Corp (LPRO)
Further, the quarter-over-quarter decrease in sales is -44.30%, showing a negative trend in the upcoming months.
Open Lending Corp’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of 10.55% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 14.08, 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 be an extremely valuable indicator of volatility, and LPRO is registering an average volume of 467.92K. On a monthly basis, the volatility of the stock is set at 5.13%, whereas on a weekly basis, it is put at 5.24%, with a loss of -6.24% over the past seven days. Furthermore, long-term investors anticipate a median target price of $8.11, showing growth from the present price of $5.71, which can serve as yet another indication of whether LPRO is worth investing in or should be passed over.
How Do You Analyze Open Lending Corp Shares?
A giant in the Credit Services market, Open Lending Corp (LPRO) is based in the USA. When comparing Open Lending Corp shares with other companies under Financial, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 31.85, there is a growth in quarterly earnings of -21.92%.
Besides checking the fundamentals, you should also know how many employees own shares in 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 18.22%. 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 66.18% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
LPRO shares are owned by institutional investors to the tune of 66.18% at present.
