While Open Lending Corp has underperformed by -10.87%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, LPRO fell by -48.14%, with highs and lows ranging from $7.49 to $3.86, whereas the simple moving average fell by -39.48% in the last 200 days.
On January 29, 2025, Needham Upgraded Open Lending Corp (NASDAQ: LPRO) to Buy. A report published by Needham on July 22, 2024, Downgraded its rating to ‘Hold’ for LPRO. Morgan Stanley February 06, 2024d the rating to Equal-Weight on February 06, 2024, and set its price target from $4 to $7. Canaccord Genuity November 08, 2023d its ‘Buy’ rating to ‘Hold’ for LPRO, as published in its report on November 08, 2023. Needham also rated the stock as ‘Buy’.
Analysis of Open Lending Corp (LPRO)
Further, the quarter-over-quarter decrease in sales is -9.73%, showing a negative trend in the upcoming months.
Open Lending Corp’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 2.11% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 9.42, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and LPRO has an average volume of 442.49K. On a monthly basis, the volatility of the stock is set at 6.71%, whereas on a weekly basis, it is put at 10.33%, with a loss of -22.56% over the past seven days. Furthermore, long-term investors anticipate a median target price of $7.50, showing growth from the present price of $3.48, which can serve as yet another indication of whether LPRO is worth investing in or should be passed over.
How Do You Analyze Open Lending Corp Shares?
Credit Services giant Open Lending Corp (LPRO) is based in the USA and is one of the largest companies in the market. When comparing Open Lending Corp shares with other companies under Financial, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 90.76, there is a growth in quarterly earnings of -51.61%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 9.13%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 70.26% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
LPRO shares are owned by institutional investors to the tune of 70.26% at present.
