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The price of Open Lending Corp (NASDAQ: LPRO) closed at $5.11 in the last session, down -7.09% from day before closing price of $5.50. In other words, the price has decreased by -$7.09 from its previous closing price. On the day, 0.55 million shares were traded. LPRO stock price reached its highest trading level at $5.51 during the session, while it also had its lowest trading level at $5.07.
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 2.41 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.96. 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:
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 655883840 and an Enterprise Value of 507765728. As of this moment, Open’s Price-to-Earnings (P/E) ratio for their current fiscal year is 100.00, and their Forward P/E ratio for the next fiscal year is 19.65. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.19 while its Price-to-Book (P/B) ratio in mrq is 2.81. Its current Enterprise Value per Revenue stands at 5.159 whereas that against EBITDA is 56.281.
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 -14.77%, while the 200-Day Moving Average is calculated to be -21.28%.
Shares Statistics:
According to the various share statistics, LPRO traded on average about 467.00K shares per day over the past 3-months and 493890 shares per day over the past 10 days. A total of 118.82M shares are outstanding, with a floating share count of 104.79M. Insiders hold about 12.06% of the company’s shares, while institutions hold 65.99% stake in the company. Shares short for LPRO as of 1721001600 were 3768079 with a Short Ratio of 7.87, compared to 1718323200 on 3551290. Therefore, it implies a Short% of Shares Outstanding of 3768079 and a Short% of Float of 4.3899998.
