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After finishing at $5.55 in the prior trading day, Open Lending Corp (NASDAQ: LPRO) closed at $5.46, down -1.62%. In other words, the price has decreased by -$1.62 from its previous closing price. On the day, 0.25 million shares were traded. LPRO stock price reached its highest trading level at $5.5207 during the session, while it also had its lowest trading level at $5.4.
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 2.50 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.94. 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.
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:
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.
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 651651008 and an Enterprise Value of 546382976. As of this moment, Open’s Price-to-Earnings (P/E) ratio for their current fiscal year is 142.19, and their Forward P/E ratio for the next fiscal year is 28.70. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.80 while its Price-to-Book (P/B) ratio in mrq is 2.95. Its current Enterprise Value per Revenue stands at 5.698 whereas that against EBITDA is 83.827.
Stock Price History:
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 -9.77%, while the 200-Day Moving Average is calculated to be -6.39%.
Shares Statistics:
The stock has traded on average 325.23K shares per day over the past 3-months and 224590 shares per day over the last 10 days, according to various share statistics. A total of 119.26M shares are outstanding, with a floating share count of 108.46M. Insiders hold about 9.12% of the company’s shares, while institutions hold 70.35% stake in the company. Shares short for LPRO as of 1734048000 were 3177650 with a Short Ratio of 9.77, compared to 1731628800 on 3365059. Therefore, it implies a Short% of Shares Outstanding of 3177650 and a Short% of Float of 3.6999999999999997.
