Open Lending Corp Stock Price on June 6, 2024
| LPRO Stock | USD 6.47 0.11 1.73% |
Below is the normalized historical share price chart for Open Lending Corp extending back to March 06, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Open Lending stands at 6.47, as last reported on the 23rd of November, with the highest price reaching 6.54 and the lowest price hitting 6.34 during the day.
If you're considering investing in Open Stock, it is important to understand the factors that can impact its price. Open Lending appears to be somewhat reliable, given 3 months investment horizon. Open Lending Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.0688, which implies the firm had a 0.0688% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Open Lending Corp, which you can use to evaluate the volatility of the company. Please evaluate Open Lending's Risk Adjusted Performance of 0.0719, coefficient of variation of 1186.42, and Semi Deviation of 2.9 to confirm if our risk estimates are consistent with your expectations.
At this time, Open Lending's Total Stockholder Equity is very stable compared to the past year. As of the 23rd of November 2024, Common Stock is likely to grow to about 1.3 M, while Common Stock Shares Outstanding is likely to drop about 107.5 M. . At this time, Open Lending's Price To Sales Ratio is very stable compared to the past year. As of the 23rd of November 2024, Price Earnings Ratio is likely to grow to 48.92, though Price Earnings To Growth Ratio is likely to grow to (0.67). Open Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 6th of March 2018 | 200 Day MA 6.0548 | 50 Day MA 5.9299 | Beta 1.13 |
Open |
Sharpe Ratio = 0.0688
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Estimated Market Risk
| 3.17 actual daily | 28 72% of assets are more volatile |
Expected Return
| 0.22 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Open Lending is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Open Lending by adding it to a well-diversified portfolio.
Price Book 3.4431 | Enterprise Value Ebitda 34.534 | Price Sales 7.9163 | Shares Float 88.3 M | Wall Street Target Price 7.25 |
Open Lending Valuation on June 6, 2024
It is possible to determine the worth of Open Lending on a given historical date. On June 6, 2024 Open was worth 6.78 at the beginning of the trading date compared to the closed value of 6.95. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Open Lending stock. Still, in general, we apply an absolute valuation method to find Open Lending's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Open Lending where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Open Lending's related companies.
| Open | High | Low | Close | Volume | |
| 6.75 | 6.87 | 6.69 | 6.84 | 332,647 | |
06/06/2024 | 6.78 | 6.97 | 6.78 | 6.95 | 387,444 |
| 6.81 | 6.86 | 6.50 | 6.59 | 385,413 |
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Open Lending Trading Date Momentum on June 6, 2024
| On June 07 2024 Open Lending Corp was traded for 6.59 at the closing time. The top price for the day was 6.86 and the lowest listed price was 6.50 . The trading volume for the day was 385.4 K. The trading history from June 7, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 5.18% . The trading delta at closing time against the current closing price is 14.10% . |
Open Lending Corp Fundamentals Correlations and Trends
By evaluating Open Lending's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Open Lending's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Open financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Open Lending Stock history
Open Lending investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Open is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Open Lending Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Open Lending stock prices may prove useful in developing a viable investing in Open Lending
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 121.5 M | 107.5 M | |
| Net Income Applicable To Common Shares | 76.6 M | 80.4 M |
Open Lending Quarterly Net Working Capital |
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Open Lending Stock Technical Analysis
Open Lending technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Open Lending Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
Open Lending Corp cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Open Lending November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Open Lending stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Open Lending shares will generate the highest return on investment. By undertsting and applying Open Lending stock market strength indicators, traders can identify Open Lending Corp entry and exit signals to maximize returns
Open Lending Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Open Lending's price direction in advance. Along with the technical and fundamental analysis of Open Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Open to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0719 | |||
| Jensen Alpha | 0.2664 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0511 | |||
| Treynor Ratio | (2.69) |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Open Lending Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Is Diversified Capital Markets space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Open Lending. If investors know Open will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Open Lending listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.50) | Earnings Share 0.04 | Revenue Per Share 0.805 | Quarterly Revenue Growth (0.1) | Return On Assets 0.0079 |
The market value of Open Lending Corp is measured differently than its book value, which is the value of Open that is recorded on the company's balance sheet. Investors also form their own opinion of Open Lending's value that differs from its market value or its book value, called intrinsic value, which is Open Lending's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Open Lending's market value can be influenced by many factors that don't directly affect Open Lending's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Open Lending's value and its price as these two are different measures arrived at by different means. Investors typically determine if Open Lending is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Open Lending's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.