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Oportun Financial Corp (NASDAQ:OPRT) Stock Ripped -56.26% Year-To-Date, What Will Happen Next?

In last trading session, Oportun Financial Corp (NASDAQ:OPRT) saw 0.35 million shares changing hands with its beta currently measuring 1.25. Company’s recent per share price level of $2.41 trading at $0.06 or 2.77% at ring of the bell on the day assigns it a market valuation of $82.49M. That closing price of OPRT’s stock is at a discount of -234.44% from its 52-week high price of $8.06 and is indicating a premium of 9.13% from its 52-week low price of $2.19. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.6 million shares which gives us an average trading volume of 227.98K if we extend that period to 3-months.

For Oportun Financial Corp (OPRT), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 1.80. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.37 in the current quarter.

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Oportun Financial Corp (NASDAQ:OPRT) trade information

Upright in the green during last session for gaining 2.77%, in the last five days OPRT remained trading in the red while hitting it’s week-highest on Wednesday, 11/15/23 when the stock touched $2.41 price level, adding 10.07% to its value on the day. Oportun Financial Corp’s shares saw a change of -56.26% in year-to-date performance and have moved -3.98% in past 5-day. Oportun Financial Corp (NASDAQ:OPRT) showed a performance of -60.23% in past 30-days. Number of shares sold short was 0.35 million shares which calculate 2.07 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $7.83 to the stock, which implies a rise of 69.22% to its current value. Analysts have been projecting $4.50 as a low price target for the stock while placing it at a high target of $13.00. It follows that stock’s current price would drop -439.42% in reaching the projected high whereas dropping to the targeted low would mean a loss of -86.72% for stock’s current value.

Oportun Financial Corp (OPRT) estimates and forecasts

Statistics highlight that Oportun Financial Corp is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -54.87% of value to its shares in past 6 months, showing an annual growth rate of -242.11% while that of industry is -0.90. Apart from that, the company came lowering its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to decrease by -364.30% in the current quarter and calculating 104.20% increase in the next quarter. This year revenue growth is estimated to rise 11.10% from the last financial year’s standing.

4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $264.28 million for the same. And 3 analysts are in estimates of company making revenue of $260.66 million in the next quarter that will end on Mar 2024. Company posted $261.9 million and $246.06 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 0.90% while estimating it to be 5.90% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -44.23% during past 5 years. In 2023, company’s earnings growth rate is likely to be around -242.23% while estimates for its earnings growth in next 5 years are of -3.80%.

OPRT Dividends

Oportun Financial Corp is more likely to be releasing its next quarterly report on November 06 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

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