Assessing Whether Opera Ltd ADR (NASDAQ: OPRA) Is Over- Or Undervalued

Opera Ltd ADR (OPRA) concluded trading on Thursday at a closing price of $14.51, with 2.89 million shares of worth about $41.99 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 31.67% during that period and on August 22, 2024 the price saw a gain of about 13.01%.

Stock saw a price change of 13.18% in past 5 days and over the past one month there was a price change of 23.59%. Year-to-date (YTD), OPRA shares are showing a performance of 9.67% which increased to 0.14% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $10.11 but also hit the highest price of $17.31 during that period. The average intraday trading volume for Opera Ltd ADR shares is 702.11K. The stock is currently trading 18.75% above its 20-day simple moving average (SMA20), while that difference is up 11.84% for SMA50 and it goes to 11.53% higher than SMA200.

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Opera Ltd ADR (NASDAQ: OPRA) currently have 87.52M outstanding shares and institutions hold larger chunk of about 9.75% of that.

The stock has a current market capitalization of $1.28B and its 3Y-monthly beta is at 1.01. PE ratio of stock for trailing 12 months is 7.64, while it has posted earnings per share of $1.90 in the same period. It has Quick Ratio of 2.10 while making debt-to-equity ratio of 0.01. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for OPRA, volatility over the week remained 4.19% while standing at 4.59% over the month.

Stock’s fiscal year EPS is expected to drop by -56.63% while it is estimated to increase by 23.97% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by B. Riley Securities on December 14, 2023 offering a Buy rating for the stock and assigned a target price of $20 to it. Coverage by Goldman stated Opera Ltd ADR (OPRA) stock as a Buy in their note to investors on December 13, 2023, suggesting a price target of $16.50 for the stock. On May 21, 2020, Cowen Initiated their recommendations, while on October 02, 2019, Lake Street Initiated their ratings for the stock with a price target of $19. Stock get a Buy rating from B. Riley FBR on July 17, 2019.

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