Open Lending Corp (LPRO) Reports -46.46% Fall From For 52 Week High, It’s Always Darkest Before The Dawn

Open Lending Corp (NASDAQ:LPRO) does about 476.36K shares in volume on a normal day but saw 702589 shares change hands in Tuesday’s trading. The company now has a market cap of 748.39M USD. Its current market price is $6.28, marking an increase of 5.19% compared to the previous close of $5.97. The 52 week high reached by this stock is $11.73 whilst the lowest price level in 52 weeks is $4.57.

Open Lending Corp (LPRO) has a 20-day trading average at $5.21 and the current price is -46.46% off the 52-week high compared with 37.42% distance from its 52-week low. The 50-day simple moving average of the closing price is $5.83 and its 200-day simple moving average is $7.06. If we look at the stock’s price movements over the week, volatility stands at 4.69%, which decreases to 4.25% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 71.42 to suggest the stock is overbought.

The consensus objective for the share price is $7.67, suggesting that the stock has a potential upside of 18.12% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on February 06, 2024 when Morgan Stanley upgraded the stock to “Equal-Weight” and issued a price target of between $4 and $7. Canaccord Genuity downgraded the stock to “Hold” from Buy on November 08, 2023 at a price target of $20-$5.50.

Open Lending Corp (LPRO) stock is up 18.71% over the week and 27.90% over the past month. Its price is -26.20% year-to-date and -33.96% over the past year.

To reach the target analysts have set, the stock logically needs to grow 18.12 percent from here.

The company has a return on investment of 4.14% and return on equity of 7.01%. The price to earnings ratio (P/E ratio) amounts to 52.16 while the forward price to earnings ratio is 19.32. The beta has a value of 1.09. Price to book ratio is 3.54 and price to sales ratio is 6.81.