Openlane Inc. (NYSE:KAR) does about 674.11K shares in volume on a normal day but saw 1202723 shares change hands in the recent trading day. The company now has a market cap of 1.81B USD. Its current market price is $16.67, marking a decrease of -1.94% compared to the previous close of $17.00. The 52 week high reached by this stock is $18.73 whilst the lowest price level in 52 weeks is $12.86.
Openlane Inc. (KAR) has a 20-day trading average at $17.63 and the current price is -11.00% off the 52-week high compared with 29.63% distance from its 52-week low. The 50-day simple moving average of the closing price is $17.10 and its 200-day simple moving average is $15.94. If we look at the stock’s price movements over the week, volatility stands at 3.19%, which decreases to 2.59% 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 39.54 to suggest the stock is neutral.
The consensus objective for the share price is $19.83, suggesting that the stock has a potential upside of 15.94% over the period.
0 analysts have rated it as a buy and 2 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 10, 2024 when BofA Securities upgraded the stock to “Neutral” and issued a price target of between $16 and $20. BofA Securities downgraded the stock to “Underperform” from Buy on January 09, 2023 at a price target of $23-$17. CJS Securities upgraded its price target at $20.
Openlane Inc. (KAR) stock is down -1.71% over the week and -5.87% over the past month. Its price is 12.56% year-to-date and 13.56% over the past year.
To reach the target analysts have set, the stock logically needs to grow 15.94 percent from here.
The company has a return on investment of 0.48% and return on equity of 2.74%. The price to earnings ratio (P/E ratio) amounts to 206.82 while the forward price to earnings ratio is 17.70. The beta has a value of 1.45. Price to book ratio is 1.36 and price to sales ratio is 1.09.
