Open Lending Corporation (NASDAQ: LPRO) is -68.73% lower on its value in year-to-date trading and has touched a low of $6.11 and a high of $26.44 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LPRO stock was last observed hovering at around $6.93 in the last trading session, with the day’s gains setting it 0.1% off its average median price target of $10.00 for the next 12 months. It is also 76.57% off the consensus price target high of $30.00 offered by 11 analysts, but current levels are -27.82% lower than the price target low of $5.50 for the same period.
Currently trading at $7.03, the stock is 0.97% and -7.85% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.38 million and changing 1.44% at the moment leaves the stock -42.50% off its SMA200. LPRO registered -71.54% loss for a year compared to 6-month loss of -44.21%.
The stock witnessed a -6.02% gain in the last 1 month and extending the period to 3 months gives it a -33.74%, and is 2.18% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.24% over the week and 6.89% over the month.
Open Lending Corporation (LPRO) has around 132 employees, a market worth around $834.46M and $204.40M in sales. Current P/E ratio is 8.99 and Fwd P/E is 12.99. Profit margin for the company is 48.30%. Distance from 52-week low is 15.06% and -73.41% from its 52-week high. The company has generated returns on investments over the last 12 months (49.80%).
Open Lending Corporation (LPRO) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Open Lending Corporation (LPRO) is a “Overweight”. 11 analysts offering their recommendations for the stock have an average rating of 2.00, where 2 rate it as a Hold and 0 think it is a “Overweight”. 8 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Open Lending Corporation is expected to release its quarterly report on 02/23/2023.The EPS is expected to grow by 205.60% this year
Open Lending Corporation (LPRO) Top Institutional Holders
The shares outstanding are 126.23M, and float is at 112.14M with Short Float at 6.63%.
Open Lending Corporation (LPRO) Insider Activity
A total of 9 insider transactions have happened at Open Lending Corporation (LPRO) in the last six months, with sales accounting for 3 and purchases happening 6 times.