Opera Ltd provides mobile and PC web browsers and operates in two primary segments, Browser and News, and Other. The company offers a variety of mobile and PC browser products, including Opera Mini, Opera for Android and iOS, Opera GX Mobile, and Opera Touch. Additionally, it also provides the Opera News service, a personalized news discovery and aggregation service powered by AI.
The company has shown robust price performance over the past year, with a 195.34% increase in share value. The growth has not just been in the long term; in the short term, the price has surged by 23.06% over the last month and 4.27% over the last five days. The current price is $13.66, just shy of its 52-week high of $13.78.
The company's market capitalization is $1.22 billion, indicating that it is a small-cap company. Despite this, Opera has seen substantial revenue growth, with a YoY quarterly revenue growth of 21.6%. However, it's crucial to note that it has seen a YoY quarterly earnings growth decline of -60%.
From a valuation perspective, the trailing PE ratio is at 33.975, which may seem high for some investors. However, given the company's growth, this could be justified. The company's Price to Sales ratio (TTM) is 2.22, and its Price to Book ratio (MRQ) is 0.65, suggesting that the stock might be undervalued relative to its assets.
From a technical perspective, the stock is in an upward momentum. The stock's current price of $13.66 is well above both the 50-day moving average of $10.36 and the 200-day moving average of $6.74. The volume has also been increasing, indicating a strong interest in the stock.
Furthermore, the technical oscillators, including the Relative Strength Index and MACD, indicate that the stock is in a bullish trend. The RSI is 69.69, which is just below the overbought threshold, suggesting that the stock still has room for upside.
However, investors should be aware of the increasing short interest in the stock, which has gone from 131,774 to 212,609. While not a large percentage of the float, this increase could indicate some market skepticism.
Opera does not pay a dividend, so it may not be suitable for income-focused investors. However, the company has a solid profit margin of 11.53% and a reasonable operating margin of 16.42%.
Wall Street analysts seem bullish on the stock. The stock has a rating of 5, with 4 analysts giving it a 'Strong Buy' rating. The target price is $14.25, suggesting a potential upside of around 4.3% from the current price.
Opera Ltd appears to be an interesting investment opportunity. The company is showing strong price gains, and its valuation ratios suggest that it might be undervalued relative to its assets and sales. The positive analyst ratings and technical indicators also lend support to this view. However, as always, potential investors should conduct their own thorough research before making investment decisions.
Right now to me it looks too expensive, and I would want to wait for a pull back closer to the SuperTrend line and an RSI in the low 50's. I would use TradingView to set an alert on the RSI to message me when it is CROSSING UP through 55. That way it has had its pullback and is now heading back up and I don't have to look at it again until then. Nice run so far though.
In terms of risk management, this is a much more volatile stock and you would need a higher trailing stop loss of around 18% which would have kept you in most of this trade. If it broke below that it could have been a good sign to exit and look for a new entry when the trend resumed.
One to watch.
The company has shown robust price performance over the past year, with a 195.34% increase in share value. The growth has not just been in the long term; in the short term, the price has surged by 23.06% over the last month and 4.27% over the last five days. The current price is $13.66, just shy of its 52-week high of $13.78.
The company's market capitalization is $1.22 billion, indicating that it is a small-cap company. Despite this, Opera has seen substantial revenue growth, with a YoY quarterly revenue growth of 21.6%. However, it's crucial to note that it has seen a YoY quarterly earnings growth decline of -60%.
From a valuation perspective, the trailing PE ratio is at 33.975, which may seem high for some investors. However, given the company's growth, this could be justified. The company's Price to Sales ratio (TTM) is 2.22, and its Price to Book ratio (MRQ) is 0.65, suggesting that the stock might be undervalued relative to its assets.
From a technical perspective, the stock is in an upward momentum. The stock's current price of $13.66 is well above both the 50-day moving average of $10.36 and the 200-day moving average of $6.74. The volume has also been increasing, indicating a strong interest in the stock.
Furthermore, the technical oscillators, including the Relative Strength Index and MACD, indicate that the stock is in a bullish trend. The RSI is 69.69, which is just below the overbought threshold, suggesting that the stock still has room for upside.
However, investors should be aware of the increasing short interest in the stock, which has gone from 131,774 to 212,609. While not a large percentage of the float, this increase could indicate some market skepticism.
Opera does not pay a dividend, so it may not be suitable for income-focused investors. However, the company has a solid profit margin of 11.53% and a reasonable operating margin of 16.42%.
Wall Street analysts seem bullish on the stock. The stock has a rating of 5, with 4 analysts giving it a 'Strong Buy' rating. The target price is $14.25, suggesting a potential upside of around 4.3% from the current price.
Opera Ltd appears to be an interesting investment opportunity. The company is showing strong price gains, and its valuation ratios suggest that it might be undervalued relative to its assets and sales. The positive analyst ratings and technical indicators also lend support to this view. However, as always, potential investors should conduct their own thorough research before making investment decisions.
Right now to me it looks too expensive, and I would want to wait for a pull back closer to the SuperTrend line and an RSI in the low 50's. I would use TradingView to set an alert on the RSI to message me when it is CROSSING UP through 55. That way it has had its pullback and is now heading back up and I don't have to look at it again until then. Nice run so far though.
In terms of risk management, this is a much more volatile stock and you would need a higher trailing stop loss of around 18% which would have kept you in most of this trade. If it broke below that it could have been a good sign to exit and look for a new entry when the trend resumed.
One to watch.
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Nice almost 9% move, before closing up another 5%.
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Another strong 7% move. That's a 16% move over the last few days in terms of range before settling back. I would think its now well and truly in the overbought territory so would be looking for a pullback soon.
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STRONG 41% run.
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Got a 10% pullback but I still feel it look expensive based purely on the technical.
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Another massive 10% move. That is over 50% since the original post above. Very aggressive performance. I wouldn't have expected it to be this strong still after the gains it has made already this year.
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Another big pull back into a better value area.
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Another strong move up yesterday of around 7% for anyone who managed to time that bottom gives around a 17% gain since the pull back.
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Still climbing. No clue why :)
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Still continuing its crazy run. I noted on the weekend the latest Mr Beast video was promoting the Opera browser so seems like they are embracing influencers now. Interesting.
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Massive pullback on news of a potential stock sale by some of its larger shareholders.
Will be keeping en eye on it for a turn around.
Will be keeping en eye on it for a turn around.
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Bit all over the place at the moment.
NOT TRADING ADVICE. ALWAYS DO YOUR OWN RESEARCH.
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