OPRT Stock Summary and Trading Ideas (Oportun Financial | NASDAQ:OPRT)

Oportun Financial Corp is engaged in providing financial services to people who either do not have a credit score or who may have a limited credit history. The company offers Personal Loans, Auto Loans, unsecured personal loans, and secured personal loans, and provides deposit accounts, debit card services, and other transaction services to its customers. Its product offerings include small-dollar, unsecured installment loans and other products and services.

Oportun Financial trades on the NASDAQ stock market under the symbol OPRT.

As of April 23, 2024, OPRT stock price climbed to $3.15 with 11,604,590 million shares trading.

OPRT has a beta of 0.55, meaning it tends to be less sensitive to market movements. OPRT has a correlation of 0.00 to the broad based SPY ETF.

OPRT has a market cap of $108.86 million. This is considered a Micro Cap stock.

Last quarter Oportun Financial reported $263 million in Revenue and -$.54 earnings per share. This beat revenue expectation by $300,000 and missed earnings estimates by -$.17.

In the last 3 years, OPRT stock traded as high as $27.95 and as low as $2.05.

The top ETF exchange traded funds that OPRT belongs to (by Net Assets): VTI, VXF, PRFZ, DFAT, BSVO.

OPRT has underperformed the market in the last year with a return of -16.0%, while the SPY ETF gained +24.3%. In the last 3 month period, OPRT fell short of the market, returning -22.2%, while SPY returned +4.9%. However, in the most recent 2 weeks OPRT has outperformed the stock market by returning +38.2%, while SPY returned -2.5%.

OPRT support price is $2.12 and resistance is $2.38 (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 OPRT stock will trade within this expected range on the day.