Is Opera Stock a Good Investment?

Opera Investment Advice

OPRA

To provide specific investment advice or recommendations on Opera stock, we recommend investors consider the following general factors when evaluating Opera. This will help you to make an informed decision on whether to include Opera in one of your diversified portfolios:

Examine Opera's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
Research Opera's leadership team and their track record. Good management can help Opera navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
Consider the overall health of the Application Software space and any emerging trends that could impact Opera's business and its evolving consumer preferences.
Compare Opera's performance and market position to its competitors. Analyze how Opera is positioned in terms of product offerings, innovation, and market share.
Check if Opera pays a dividend and its dividend yield and payout ratio.
Review what financial analysts are saying about Opera's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.

It's important to note that investing in Opera stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Opera is a good investment.

Sell

Buy

Our trade recommendations tool can cross-verify current analyst consensus on Opera and to analyze the firm potential to grow in the current economic cycle. To make sure Opera is not overpriced, please check all Opera fundamentals, including its net income, short ratio, and the relationship between the price to sales and debt to equity . Given that Opera has a price to earning of 3.13 X, we recommend you to check out Opera market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your recent risk tolerance and investing horizon.

Market Performance	Solid	Details
Volatility	Not too volatile	Details
Hype Condition	Under hyped	Details
Current Valuation	Undervalued	Details
Odds Of Distress	Very Small	Details
Economic Sensitivity	Follows the market closely	Details
Investor Sentiment	Impartial	Details
Analyst Consensus	Strong Buy	Details
Financial Strenth (F Score)	Healthy	Details
Financial Leverage	Not Rated	Details
Reporting Quality (M-Score)	Unlikely Manipulator	Details

Examine Opera Stock

Researching Opera's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). The company has price-to-book ratio of 1.96. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Opera has Price/Earnings To Growth (PEG) ratio of 0.31. The entity last dividend was issued on the 2nd of July 2024.

To determine if Opera is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Opera's research are outlined below:

	Opera is unlikely to experience financial distress in the next 2 years
	Latest headline from zacks.com: Opera Soars 20 percent in a Month Should You Buy, Sell or Hold the Stock

Opera Quarterly Cash And Short Term Investments

106 Million

Opera uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Opera. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Opera's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.

	26th of February 2024 Upcoming Quarterly Report	View
	25th of April 2024 Next Financial Report	View
	31st of December 2023 Next Fiscal Quarter End	View
	26th of February 2024 Next Fiscal Year End	View
	30th of September 2023 Last Quarter Report	View
	31st of December 2022 Last Financial Announcement	View

Earnings surprises can significantly impact Opera's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Opera's investors have experienced.

Reported	Fiscal Date	Estimated EPS	Reported EPS	Surprise
2021-04-27	2021-03-31	0.03	0.04	0.01	33
2020-05-20	2020-03-31	-0.1	-0.14	-0.04	40
2023-04-27	2023-03-31	0.14	0.19	0.05	35
2024-04-25	2024-03-31	0.25	0.19	-0.06	24
2023-10-26	2023-09-30	0.15	0.23	0.08	53
2022-04-26	2022-03-31	-0.02	-0.1	-0.08	400
2023-02-27	2022-12-31	0.17	0.27	0.1	58
2022-08-30	2022-06-30	0.07	-0.03	-0.1	142

Know Opera's Top Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Opera is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Opera backward and forwards among themselves. Opera's institutional investor refers to the entity that pools money to purchase Opera's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.

		Shares
Trexquant Investment Lp	2024-06-30	217.5 K
Cubist Systematic Strategies, Llc	2024-09-30	205.8 K
Richard P Slaughter Associates Inc	2024-09-30	199.3 K
Rockefeller Capital Management L.p.	2024-06-30	191 K
American Trust Co	2024-09-30	177.1 K
Harvey Capital Management Inc	2024-09-30	156.6 K
Boothbay Fund Management, Llc	2024-09-30	123.2 K
Lpl Financial Corp	2024-09-30	111.8 K
Raymond James & Associates	2024-09-30	98.5 K
Arrowstreet Capital Limited Partnership	2024-06-30	1.1 M
Marshall Wace Asset Management Ltd	2024-06-30	778 K

Note, although Opera's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Opera's market capitalization trends

The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.79 B.

Market Cap

1.04 Billion

Opera's profitablity analysis

	Last Reported	Projected for Next Year
Return On Tangible Assets	0.32	0.33
Return On Capital Employed	0.07	0.04
Return On Assets	0.15	0.16
Return On Equity	0.17	0.17

The company has Profit Margin (PM) of 0.36 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.19 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.19.

Determining Opera's profitability involves analyzing its financial statements and using various financial metrics to determine if Opera is a good buy. For example, gross profit margin measures Opera's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Opera's profitability and make more informed investment decisions.

Please note, the presentation of Opera's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Opera's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Opera's management manipulating its earnings.

Evaluate Opera's management efficiency

Opera has return on total asset (ROA) of 0.0552 % which means that it generated a profit of $0.0552 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1843 %, meaning that it created $0.1843 on every $100 dollars invested by stockholders. Opera's management efficiency ratios could be used to measure how well Opera manages its routine affairs as well as how well it operates its assets and liabilities. At present, Opera's Return On Tangible Assets are projected to increase slightly based on the last few years of reporting. The current year's Return On Assets is expected to grow to 0.16, whereas Return On Capital Employed is forecasted to decline to 0.04. At present, Opera's Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Total Current Assets is expected to grow to about 247.3 M, whereas Net Tangible Assets are forecasted to decline to about 324.1 M.

	Last Reported	Projected for Next Year
Book Value Per Share	10.31	6.34
Tangible Book Value Per Share	4.38	2.28
Enterprise Value Over EBITDA	6.31	5.99
Price Book Value Ratio	1.28	1.43
Enterprise Value Multiple	6.31	5.99
Price Fair Value	1.28	1.43
Enterprise Value	1.1 B	940.4 M

The strategic initiatives led by Opera's management are central to its market success. By analyzing these initiatives, we provide a clear picture of the stock's growth prospects.

Dividend Yield

0.0406

Forward Dividend Yield

0.0406

Forward Dividend Rate

0.82

Beta

0.969

Basic technical analysis of Opera Stock

As of the 26th of November, Opera holds the Risk Adjusted Performance of 0.1101, coefficient of variation of 742.35, and Semi Deviation of 1.96. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Opera, as well as the relationship between them.

Opera's Outstanding Corporate Bonds

Opera issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Opera uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Opera bonds can be classified according to their maturity, which is the date when Opera has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.

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View All Opera Corporate Bonds

Understand Opera's technical and predictive indicators

Using predictive indicators to make investment decisions involves analyzing Opera's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.

	Risk Adjusted Performance	0.1101
	Market Risk Adjusted Performance	0.4332
	Mean Deviation	2.08
	Semi Deviation	1.96
	Downside Deviation	2.14
	Coefficient Of Variation	742.35
	Standard Deviation	2.68
	Variance	7.19
	Information Ratio	0.0867
	Jensen Alpha	0.2527
	Total Risk Alpha	(0.06)
	Sortino Ratio	0.1085
	Treynor Ratio	0.4232
	Maximum Drawdown	14.03
	Value At Risk	(3.16)
	Potential Upside	4.61
	Downside Variance	4.59
	Semi Variance	3.83
	Expected Short fall	(2.58)
	Skewness	0.7108
	Kurtosis	1.69

	Risk Adjusted Performance	0.1101
	Market Risk Adjusted Performance	0.4332
	Mean Deviation	2.08
	Semi Deviation	1.96
	Downside Deviation	2.14
	Coefficient Of Variation	742.35
	Standard Deviation	2.68
	Variance	7.19
	Information Ratio	0.0867
	Jensen Alpha	0.2527
	Total Risk Alpha	(0.06)
	Sortino Ratio	0.1085
	Treynor Ratio	0.4232
	Maximum Drawdown	14.03
	Value At Risk	(3.16)
	Potential Upside	4.61
	Downside Variance	4.59
	Semi Variance	3.83
	Expected Short fall	(2.58)
	Skewness	0.7108
	Kurtosis	1.69

Consider Opera's intraday indicators

Opera intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Opera stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

	Accumulation Distribution	8176.34
	Daily Balance Of Power	(0.51)
	Rate Of Daily Change	0.99
	Day Median Price	19.85
	Day Typical Price	19.83
	Price Action Indicator	(0.16)
	Period Momentum Indicator	(0.25)

Opera Corporate Filings

6K	4th of November 2024 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges.	View Verify
	30th of April 2024 Other Reports	View Verify
	24th of April 2024 Other Reports	View Verify

Opera time-series forecasting models is one of many Opera's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Opera's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Opera Stock media impact

Far too much social signal, news, headlines, and media speculation about Opera that are available to investors today. That information is available publicly through Opera media outlets and privately through word of mouth or via Opera internal channels. However, regardless of the origin, that massive amount of Opera data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.

A primary focus of Opera news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Opera relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Opera's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Opera alpha.

Opera Sentiment by Major News Outlets

Investor sentiment, mood or attitude towards Opera can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.

Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.

Opera Corporate Management

Julia Szyndzielorz	Senior Manager	Profile
Matthew Wolfson	Head Relations	Profile
Per Wetterdal	Executive Commercial	Profile
Yahui Zhou	Chairman CoCEO	Profile
Lin Song	CoChief Officer	Profile
Frode Jacobsen	Chief Officer	Profile
Aaron McParlan	General Counsel	Profile

When determining whether Opera offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Opera's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Opera Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Opera Stock: