Open Lending Corp (NASDAQ: LPRO) is -51.09% lower on its value in year-to-date trading and has touched a low of $2.94 and a high of $6.97 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 $3.01 in the last trading session, with the day’s loss setting it -0.09%.
Currently trading at $2.92, the stock is -26.91% and -41.38% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.9 million and changing -2.83% at the moment leaves the stock -48.20% off its SMA200. LPRO registered -52.05% loss for a year compared to 6-month loss of -52.05%. The firm has a 50-day simple moving average (SMA 50) of $4.9809 and a 200-day simple moving average (SMA200) of $5.6376.
The stock witnessed a -42.06% gain in the last 1 month and extending the period to 3 months gives it a -48.95%, and is -5.04% down 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 7.80% over the week and 7.74% over the month.
Open Lending Corp (LPRO) has around 210 employees, a market worth around $348.50M and $95.89M in sales. Current P/E ratio is 76.04 and Fwd P/E is 12.31. Profit margin for the company is 4.78%. Distance from 52-week low is -0.68% and -58.11% from its 52-week high. The company has generated returns on investments over the last 12 months (1.28%).
The EPS is expected to grow by 68.89% this year
187.0 institutions hold shares in Open Lending Corp (LPRO), with institutional investors hold 85.96% of the company’s shares. The shares outstanding are 119.26M, and float is at 108.38M with Short Float at 3.00%. Institutions hold 83.58% of the Float.
The top institutional shareholder in the company is WASATCH ADVISORS LP with over 16.41 million shares valued at $91.56 million. The investor’s holdings represent 13.7642 of the LPRO Shares outstanding. As of 2024-06-30, the second largest holder is PRICE T ROWE ASSOCIATES INC /MD/ with 10.75 million shares valued at $59.97 million to account for 9.0373 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 9.8 million shares representing 8.2383 and valued at over $54.67 million, while WORKING CAPITAL ADVISORS (UK) LTD. holds 7.6336 of the shares totaling 9.1 million with a market value of $50.78 million.
