Open Lending Corp (NASDAQ: LPRO) is -82.58% lower on its value in year-to-date trading and has touched a low of $0.70 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 $1.01 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $1.04, the stock is -23.23% and -68.72% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.41 million and changing 2.97% at the moment leaves the stock -80.06% off its SMA200. LPRO registered -77.68% loss for a year compared to 6-month loss of -81.79%. The firm has a 50-day simple moving average (SMA 50) of $3.42726 and a 200-day simple moving average (SMA200) of $5.23814.
The stock witnessed a -68.48% gain in the last 1 month and extending the period to 3 months gives it a -79.57%, and is 16.18% 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 14.36% over the week and 18.69% over the month.
Open Lending Corp (LPRO) has around 205 employees, a market worth around $120.98M and $24.02M in sales. Fwd P/E is 10.60. Profit margin for the company is -561.98%. Distance from 52-week low is 48.57% and -85.08% from its 52-week high. The company has generated returns on investments over the last 12 months (-63.21%).
The EPS is expected to grow by 101.37% this year
187.0 institutions hold shares in Open Lending Corp (LPRO), with institutional investors hold 93.14% of the company’s shares. The shares outstanding are 119.35M, and float is at 108.72M with Short Float at 2.74%. Institutions hold 90.52% 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 9.0161 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 9.8 million shares representing 8.219 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.
