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Oportun Financial Corp (OPRT) – Don’t Be So Quick to Call it Dead

Oportun Financial Corp (NASDAQ: OPRT) is -17.14% lower on its value in year-to-date trading and has touched a low of $2.05 and a high of $7.73 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 OPRT stock was last observed hovering at around $3.15 in the last trading session, with the day’s gains setting it 0.09%.

Currently trading at $3.24, the stock is 38.37% and 6.79% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.86 million and changing 2.86% at the moment leaves the stock -29.71% off its SMA200. OPRT registered -14.96% loss for a year compared to 6-month loss of -44.52%.

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The stock witnessed a 29.60% gain in the last 1 month and extending the period to 3 months gives it a -20.78%, and is 52.11% 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 15.49% over the week and 9.29% over the month.

Oportun Financial Corp (OPRT) has around 2340 employees, a market worth around $110.91M and $1.06B in sales. Fwd P/E is 4.94. Profit margin for the company is -17.02%. Distance from 52-week low is 58.05% and -58.09% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.40%).

The EPS is expected to grow by 97.77% this year

The shares outstanding are 34.47M, and float is at 25.53M with Short Float at 0.69%.

Oportun Financial Corp (OPRT) Insider Activity

The most recent transaction is an insider sale by Institutional Venture Manageme, the company’s 10% Owner. SEC filings show that Institutional Venture Manageme sold 50,000 shares of the company’s common stock on Sep 05 ’23 at a price of $7.31 per share for a total of $0.37 million. Following the sale, the insider now owns 3.36 million shares.

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