In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
After finishing at $4.58 in the prior trading day, Open Lending Corp (NASDAQ: LPRO) closed at $4.41, down -3.82%. In other words, the price has decreased by -$3.82 from its previous closing price. On the day, 0.81 million shares were traded.
Ratios:
Our goal is to gain a better understanding of LPRO by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.01 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.28. For the most recent quarter (mrq), Quick Ratio is recorded 9.42 and its Current Ratio is at 9.42. In the meantime, Its Debt-to-Equity ratio is 0.66 whereas as Long-Term Debt/Eq ratio is at 0.62.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 21 ’24 when Flynn John Joseph sold 50,000 shares for $7.35 per share. The transaction valued at 367,290 led to the insider holds 1,993,762 shares of the business.
Valuation Measures:
As of this moment, Open’s Price-to-Earnings (P/E) ratio for their current fiscal year is 114.71, and their Forward P/E ratio for the next fiscal year is 25.26. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 8.15. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.48 while its Price-to-Book (P/B) ratio in mrq is 2.38.
Stock Price History:
Over the past 52 weeks, LPRO has reached a high of $7.49, while it has fallen to a 52-week low of $4.55. The 50-Day Moving Average of the stock is -21.27%, while the 200-Day Moving Average is calculated to be -24.78%.
Shares Statistics:
A total of 119.26M shares are outstanding, with a floating share count of 108.45M. Insiders hold about 9.13% of the company’s shares, while institutions hold 70.28% stake in the company.
