Opera (OPRA) Stock Price

Financial Performance

Opera has demonstrated a positive financial performance with revenue of $123.2M in the last quarter, marking an increase of 12.1% from the previous quarter and up by 22.2% year over year. The gross profit also showed an upward trend at $62.6M, which is up by 7.3% from the previous quarter and up by 13.3% YoY. The operating income profit was at $23.2M, indicating a growth of 12% QoQ and up by 21.8% YoY.

The EBITDA ratio for the last quarter stood at a healthy level of 0.22, suggesting good internal efficiency and profitability.

Stock Price

The stock price is currently trading at $21.34 showing an impressive uptrend with an increase of about 18.2% over the last month, and a substantial rise of around 87.7%, YoY basis.The PE ratio stands at a reasonable level of11 .86 considering its EPS is1 .80.

The technical indicators also suggest strength in the stock's performance with RSI value standing at74 .38 reflecting strong buying momentum in recent times.The stock's200 -day moving average stands at$15 .61 which indicates that it has been maintaining its long term uptrend.

Alternative Data Signals

Opera's web traffic shows robust growth with estimated visitors per month being117914209 , growing30 .9%M oM and42 .1%Yo Y.This suggests increasing popularity and user engagement on their platform.

The company’s mobile apps are seeing significant downloads estimated to be6307348 times per day, showing a huge increase of 3912.4% MoM and3643 .2%Yo Y.This indicates growing popularity of their apps among users.

On the employment front, Opera currently has0 job openings indicating stability in its workforce.The business outlook reported by77 %of employees is positive which is a good sign for the company's future prospects.However , this figure has remained unchanged from the previous month and is down by -4.9% YoY.

Opera's social media followers also show mixed trends with Twitter followers slightly declining while Instagram and Facebook followers have increased over the last 90 days.

Conclusion

In conclusion, considering Opera's strong financial performance, positive stock price trend and alternative data signals such as web traffic growth and app downloads, we are bullish on Opera's stock performance.However , some caution may be warranted due to its high RSI value indicating it might be overbought at current levels.Also , the stagnant employee business outlook could be an area to watch out for in the future.

Note: This AI Stock Analysis is based on data as of February 11. Our members can refresh and get access to an up-to-date AI stock analysis.

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Based on a combination of financial analysis, technical indicators, and insights from alternative data, we predict that the stock price of Opera (OPRA), currently trading at $19.59, will... Sign up to access price prediction.

Disclaimer:
This prediction is provided for informational purposes only and does not constitute financial advice. Market conditions are subject to change, and past performance is not indicative of future results. Please conduct your own research or consult a professional before making investment decisions.