OPRA Stock Summary and Trading Ideas (Opera Limited - American Depositary Shares | NASDAQ:OPRA)

Opera Ltd is a world-wide internet brand with a large, engaged and growing base. It offers users products and services that include a variety of PC and mobile browsers, Opera Gaming portals and development tools, Opera News content recommendation products, and a number of e-commerce products and services. Its features include tabbed browsing, data savings, PC/mobile sync, and numerous features focused on privacy and security, including ad blocking and a built-in VPN. Its browser products include Opera Mini, Opera Browser for Android and iOS, Opera for Computers, Opera GX and Opera GX Mobile, separate browsers tailored for gamers. The newest addition of browsers is the beta release of a Web3-centric browser for PC and mobile which is tailored for crypto enthusiasts.

Opera Limited - American Depositary Shares trades on the NASDAQ stock market under the symbol OPRA.

As of December 3, 2024, OPRA stock price declined to $20.07 with 301,814 million shares trading.

OPRA has a beta of 1.00, meaning it tends to be less sensitive to market movements. OPRA has a correlation of 0.05 to the broad based SPY ETF.

OPRA has a market cap of $1.78 billion. This is considered a Small Cap stock.

Last quarter Opera Limited - American Depositary Shares reported $123 million in Revenue and $.26 earnings per share. This beat revenue expectation by $3 million and exceeded earnings estimates by $.01.

In the last 3 years, OPRA traded as high as $28.58 and as low as $3.92.

The top ETF exchange traded funds that OPRA belongs to (by Net Assets): BLOK, WTAI, FDLS, STCE, FNDC.

OPRA has outperformed the market in the last year with a price return of +78.5% while the SPY ETF gained +33.1%. OPRA has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +34.8% and +6.8%, respectively, while the SPY returned +7.4% and +2.7%, respectively.

OPRA support price is $19.63 and resistance is $20.82 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that OPRA shares will trade within this expected range on the day.