Opera Ltd ADR [NASDAQ: OPRA] traded at a high on Thursday, posting a 13.01 gain after which it closed the day’ session at $14.51.
The results of the trading session contributed to over 2893778 shares changing hands. Over the past one week, the price volatility of Opera Ltd ADR stands at 4.19% while the volatility over the past one month is 4.59%.
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The market cap for OPRA stock reached $1.28 billion, with 87.52 million shares outstanding. Compared to the average trading volume of 702.11K shares, OPRA reached a trading volume of 2893778 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Opera Ltd ADR [OPRA]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OPRA shares is $22.12 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OPRA stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
B. Riley Securities have made an estimate for Opera Ltd ADR shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 14, 2023. While these analysts kept the previous recommendation, Goldman raised their target price to Buy. The new note on the price target was released on December 13, 2023, representing the official price target for Opera Ltd ADR stock. Previously, the target price had yet another raise to $10, while Cowen analysts kept a Outperform rating on OPRA stock.
The Average True Range (ATR) for Opera Ltd ADR is set at 0.66, with the Price to Sales ratio for OPRA stock in the period of the last 12 months amounting to 3.12. The Price to Book ratio for the last quarter was 1.42, with the Price to Cash per share for the same quarter was set at 1.03.
How has OPRA stock performed recently?
Opera Ltd ADR [OPRA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 13.18. With this latest performance, OPRA shares gained by 23.59% in over the last four-week period, additionally plugging by 31.67% over the last 6 months – not to mention a rise of 0.14% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for OPRA stock in for the last two-week period is set at 68.35, with the RSI for the last a single of trading hit 76.15, and the three-weeks RSI is set at 62.72 for Opera Ltd ADR [OPRA]. The present Moving Average for the last 50 days of trading for this stock 12.96, while it was recorded at 13.13 for the last single week of trading, and 13.02 for the last 200 days.
Opera Ltd ADR [OPRA]: Deeper insight into the fundamentals
Opera Ltd ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.10 and a Current Ratio set at 2.10.
Earnings analysis for Opera Ltd ADR [OPRA]
With the latest financial reports released by the company, Opera Ltd ADR posted 0.19/share EPS, while the average EPS was predicted by analysts to be reported at 0.14/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.05. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for OPRA.
Insider trade positions for Opera Ltd ADR [OPRA]
The top three institutional holders of OPRA stocks are: ARROWSTREET CAPITAL, LIMITED PARTNERSHIP with ownership of 1.09 million shares, which is approximately 1.2348%. MARSHALL WACE, LLP, holding 0.78 million shares of the stock with an approximate value of $$10.92 million in OPRA stocks shares; and MARSHALL WACE, LLP, currently with $$8.97 billion in OPRA stock with ownership which is approximately 0.7223%.
