Open Lending Corporation (NASDAQ: LPRO) closed the day trading at $9.73 down -2.60% from the previous closing price of $9.99. In other words, the price has decreased by -$0.26 from its previous closing price. On the day, 800252 shares were traded. LPRO stock price reached its highest trading level at $9.99 during the session, while it also had its lowest trading level at $9.69.
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Ratios:
For a better understanding of LPRO, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.57 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.23. For the most recent quarter (mrq), Quick Ratio is recorded 16.20 and its Current Ratio is at 16.20. In the meantime, Its Debt-to-Equity ratio is 0.71 whereas as Long-Term Debt/Eq ratio is at 0.69.
Upgrades & Downgrades
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LPRO now has a Market Capitalization of 1.15B and an Enterprise Value of 1.09B. As of this moment, Open’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.82, and their Forward P/E ratio for the next fiscal year is 19.70. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 26.28. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.99 while its Price-to-Book (P/B) ratio in mrq is 5.83. Its current Enterprise Value per Revenue stands at 6.48 whereas that against EBITDA is 12.41.
Stock Price History:
Over the past 52 weeks, LPRO has reached a high of $13.97, while it has fallen to a 52-week low of $5.35. The 50-Day Moving Average of the stock is 7.48, while the 200-Day Moving Average is calculated to be 7.96.
Shares Statistics:
Over the past 3-months, LPRO traded about 998.29K shares per day on average, while over the past 10 days, LPRO traded about 1.22M shares per day. A total of 123.12M shares are outstanding, with a floating share count of 112.05M. Insiders hold about 5.10% of the company’s shares, while institutions hold 93.70% stake in the company. Shares short for LPRO as of Apr 27, 2023 were 4.24M with a Short Ratio of 4.24M, compared to 5.18M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 3.51% and a Short% of Float of 5.20%.
Earnings Estimates
Current recommendations for the stock of the company come from 10 analysts. On average, analysts expect EPS of $0.09 for the current quarter, with a high estimate of $0.1 and a low estimate of $0.08, while EPS last year was $0.18. The consensus estimate for the next quarter is $0.09, with high estimates of $0.11 and low estimates of $0.07.
Analysts are recommending an EPS of between $0.42 and $0.1 for the fiscal current year, implying an average EPS of $0.35. EPS for the following year is $0.49, with 9 analysts recommending between $0.57 and $0.39.
Revenue Estimates
9 analysts predict $35.37M in revenue for the current quarter. It ranges from a high estimate of $36.5M to a low estimate of $33.92M. As of the current estimate, Open Lending Corporation’s year-ago sales were $52.04M, an estimated decrease of -32.00% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $37.19M, a decrease of -16.20% over than the figure of -$32.00% in the same quarter last year. There is a high estimate of $41.08M for the next quarter, whereas the lowest estimate is $34.89M.
A total of 10 analysts have provided revenue estimates for LPRO’s current fiscal year. The highest revenue estimate was $157.37M, while the lowest revenue estimate was $143.7M, resulting in an average revenue estimate of $149.69M. In the same quarter a year ago, actual revenue was $179.59M, down -16.70% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $176.01M in the next fiscal year. The high estimate is $194.56M and the low estimate is $160.33M. The average revenue growth estimate for next year is up 17.60% from the average revenue estimate for this year.
