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The closing price of Open Lending Corp (NASDAQ: LPRO) was $6.75 for the day, up 0.15% from the previous closing price of $6.74. In other words, the price has increased by $0.15 from its previous closing price. On the day, 0.56 million shares were traded. LPRO stock price reached its highest trading level at $6.855 during the session, while it also had its lowest trading level at $6.635.
Ratios:
Our analysis of LPRO’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.19 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.45. For the most recent quarter (mrq), Quick Ratio is recorded 13.32 and its Current Ratio is at 13.32. In the meantime, Its Debt-to-Equity ratio is 0.68 whereas as Long-Term Debt/Eq ratio is at 0.64.
Morgan Stanley Upgraded its Underweight to Equal-Weight on February 06, 2024, whereas the target price for the stock was revised from $4 to $7.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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.
Flynn John Joseph sold 50,000 shares of LPRO for $398,030 on Feb 21 ’24. The Director now owns 2,029,666 shares after completing the transaction at $7.96 per share. On Feb 07 ’24, another insider, Flynn John Joseph, who serves as the Director of the company, sold 50,000 shares for $7.25 each. As a result, the insider received 362,685 and left with 2,079,666 shares of the company.
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 804957760 and an Enterprise Value of 703339968. As of this moment, Open’s Price-to-Earnings (P/E) ratio for their current fiscal year is 132.09, and their Forward P/E ratio for the next fiscal year is 25.76. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.18 while its Price-to-Book (P/B) ratio in mrq is 3.71. Its current Enterprise Value per Revenue stands at 7.147 whereas that against EBITDA is 77.958.
Stock Price History:
Over the past 52 weeks, LPRO has reached a high of $8.70, while it has fallen to a 52-week low of $4.57. The 50-Day Moving Average of the stock is 16.34%, while the 200-Day Moving Average is calculated to be 10.60%.
Shares Statistics:
LPRO traded an average of 341.60K shares per day over the past three months and 374530 shares per day over the past ten days. A total of 118.82M shares are outstanding, with a floating share count of 108.33M. Insiders hold about 9.16% of the company’s shares, while institutions hold 67.62% stake in the company. Shares short for LPRO as of 1728950400 were 3465742 with a Short Ratio of 10.15, compared to 1726185600 on 3615719. Therefore, it implies a Short% of Shares Outstanding of 3465742 and a Short% of Float of 4.04.
