OSPN Stock Summary and Trading Ideas (Onespan | NASDAQ:OSPN)

OneSpan Inc is a provider of information technology security solutions for banking and financial services and application security markets. Its solutions secure and manage access to digital assets and protect online transactions, via mobile devices and in-person. Authentication and anti-fraud solutions are the organization's primary product offerings and include multifactor authentication and virtual private network access capabilities. The company derives revenues from hardware and license fees, maintenance and support fees, and subscription fees. A large majority of the firm's revenue is generated in Europe, the Middle East, and Africa, and the rest in the United States and Asia-Pacific region.

Onespan trades on the NASDAQ stock market under the symbol OSPN.

As of April 19, 2024, OSPN stock price climbed to $10.01 with 309,004 million shares trading.

OSPN has a beta of 2.32, meaning it tends to be more sensitive to market movements. OSPN has a correlation of 0.25 to the broad based SPY ETF.

OSPN has a market cap of $399.27 million. This is considered a Small Cap stock.

Last quarter Onespan reported $63 million in Revenue and $.19 earnings per share. This beat revenue expectation by $5 million and exceeded earnings estimates by $.16.

In the last 3 years, OSPN stock traded as high as $29.17 and as low as $7.64.

The top ETF exchange traded funds that OSPN belongs to (by Net Assets): BUG, VTI, IWM, VGT, VXF.

OSPN has underperformed the market in the last year with a price return of -43.6% while the SPY ETF gained +21.2%. OSPN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -1.9% and -12.0%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

OSPN support price is $9.58 and resistance is $10.26 (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 OSPN stock will trade within this expected range on the day.