Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The price of Open Lending Corp (NASDAQ: LPRO) closed at $6.61 in the last session, up 0.61% from day before closing price of $6.57. In other words, the price has increased by $0.61 from its previous closing price. On the day, 0.5 million shares were traded. LPRO stock price reached its highest trading level at $6.685 during the session, while it also had its lowest trading level at $6.5.
Ratios:
We take a closer look at LPRO’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.02 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.93. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 788903488 and an Enterprise Value of 683635520. As of this moment, Open’s Price-to-Earnings (P/E) ratio for their current fiscal year is 172.14, and their Forward P/E ratio for the next fiscal year is 35.37. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 10.77. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.23 while its Price-to-Book (P/B) ratio in mrq is 3.58. Its current Enterprise Value per Revenue stands at 7.13 whereas that against EBITDA is 104.884.
Stock Price History:
The Beta on a monthly basis for LPRO is 1.22, which has changed by -0.108548164 over the last 52 weeks, in comparison to a change of 0.208081 over the same period for the S&P500. Over the past 52 weeks, LPRO has reached a high of $8.43, while it has fallen to a 52-week low of $4.57. The 50-Day Moving Average of the stock is 12.93%, while the 200-Day Moving Average is calculated to be 13.19%.
Shares Statistics:
According to the various share statistics, LPRO traded on average about 366.20K shares per day over the past 3-months and 504870 shares per day over the past 10 days. 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 70.12% stake in the company. Shares short for LPRO as of 1736899200 were 3022027 with a Short Ratio of 8.25, compared to 1734048000 on 3177650. Therefore, it implies a Short% of Shares Outstanding of 3022027 and a Short% of Float of 3.52.
