Opera Ltd ADR (NASDAQ: OPRA) Stock Jumping 23.08% Over A Month – Any Room For Its Value To Rise?

Opera Ltd ADR (NASDAQ:OPRA)’s traded shares stood at 1.46 million during the latest session, with the company’s beta value hitting 1.01. At the last check today, the stock’s price was $14.45, to imply an increase of 12.54% or $1.61 in intraday trading. The OPRA share’s 52-week high remains $17.31, putting it -19.79% down since that peak but still an impressive 30.03% since price per share fell to its 52-week low of $10.11. The company has a valuation of $1.28B, with an average of 0.35 million shares in intraday trading volume over the past 10 days and average of 702.11K shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Opera Ltd ADR (OPRA), translating to a mean rating of 1.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give OPRA a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.22.

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Opera Ltd ADR (NASDAQ:OPRA) trade information

After registering a 12.54% upside in the latest session, Opera Ltd ADR (OPRA) has traded red over the past five days. The 5-day price performance for the stock is 12.71%, and 23.08% over 30 days. With these gigs, the year-to-date price performance is 9.22%. Short interest in Opera Ltd ADR (NASDAQ:OPRA) saw shorts transact 3.28 million shares and set a 5.35 days time to cover.

The extremes give us $9 and $9 for target low and target high price respectively. As such, OPRA has been trading 37.72% off suggested target high and 37.72% from its likely low.

Opera Ltd ADR (OPRA) estimates and forecasts

Looking at statistics comparing Opera Ltd ADR share performance against respective industry, we note that the company has underperformed competitors. Opera Ltd ADR (OPRA) shares are 31.13% up over the last 6 months, with its year-to-date growth rate lower than industry average at -58.06% against 6.80%. Revenue is forecast to grow 15.80% this quarter before jumping 56.20% for the next one. The rating firms project that company’s revenue will grow 15.90% compared to the previous financial year.

Revenue forecast for the current quarter as set by 4 analysts is 108.54M. Meanwhile, for the current quarter, a total of 4 analyst(s) estimate revenue growth to 118.66M.

OPRA Dividends

Opera Ltd ADR has its next earnings report out on 2024-Aug-22. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Opera Ltd ADR has a forward dividend ratio of 0.80, with the share yield ticking at 5.54% to continue the rising pattern observed over the past year.

Opera Ltd ADR (NASDAQ:OPRA)’s Major holders

The next major institution holding the largest number of shares is MARSHALL WACE, LLP with 0.78 million shares, or about 0.8795% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $10.92 million.

We also have Amplify Transformational Data Sharing ETF and Starboard Investment Tr-Roumell Opportunistic Value Fd as the top two Mutual Funds with the largest holdings of the Opera Ltd ADR (OPRA) shares. Going by data provided on Mar 31, 2024 , Amplify Transformational Data Sharing ETF holds roughly 438.05 shares. This is just over 0.50% of the total shares, with a market valuation of $6.4 million. Data from the same date shows that the other fund manager holds a little less at 429.0, or 0.48% of the shares, all valued at about 6.26 million.