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Open Lending Corp
Buy, Hold or Sell?

Let's analyse Open Lending Corp together

PenkeI guess you are interested in Open Lending Corp. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Open Lending Corp. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Open Lending Corp (30 sec.)










What can you expect buying and holding a share of Open Lending Corp? (30 sec.)

How much money do you get?

How much money do you get?
$0.00
When do you have the money?
1 year
How often do you get paid?
30.0%

What is your share worth?

Current worth
$1.72
Expected worth in 1 year
$1.75
How sure are you?
65.0%

+ What do you gain per year?

Total Gains per Share
$0.03
Return On Investment
0.5%

For what price can you sell your share?

Current Price per Share
$6.19
Expected price per share
$4.89 - $7.485
How sure are you?
50%

1. Valuation of Open Lending Corp (5 min.)




Live pricePrice per Share (EOD)

$6.19

Intrinsic Value Per Share

$8.74 - $10.20

Total Value Per Share

$10.46 - $11.92

2. Growth of Open Lending Corp (5 min.)




Is Open Lending Corp growing?

Current yearPrevious yearGrowGrow %
How rich?$205.5m$209.2m$2m1.0%

How much money is Open Lending Corp making?

Current yearPrevious yearGrowGrow %
Making money$5.5m$16.6m-$11.1m-201.9%
Net Profit Margin10.4%30.9%--

How much money comes from the company's main activities?

3. Financial Health of Open Lending Corp (5 min.)




4. Comparing to competitors in the Credit Services industry (5 min.)




  Industry Rankings (Credit Services)  


Richest
#129 / 256

Most Revenue
#144 / 256

Most Profit
#127 / 256

Most Efficient
#141 / 256

What can you expect buying and holding a share of Open Lending Corp? (5 min.)

Welcome investor! Open Lending Corp's management wants to use your money to grow the business. In return you get a share of Open Lending Corp.

What can you expect buying and holding a share of Open Lending Corp?

First you should know what it really means to hold a share of Open Lending Corp. And how you can make/lose money.

Speculation

The Price per Share of Open Lending Corp is $6.19. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Open Lending Corp.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Open Lending Corp, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $1.72. Based on the TTM, the Book Value Change Per Share is $0.01 per quarter. Based on the YOY, the Book Value Change Per Share is $0.11 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Open Lending Corp.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps-0.04-0.7%0.040.7%0.132.1%0.040.6%0.040.6%
Usd Book Value Change Per Share-0.05-0.8%0.010.1%0.111.7%0.091.4%0.091.4%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.071.1%0.071.1%
Usd Total Gains Per Share-0.05-0.8%0.010.1%0.111.7%0.152.5%0.152.5%
Usd Price Per Share8.51-8.35-10.98-17.05-17.05-
Price to Earnings Ratio-52.45-16.72--0.15-156.48-156.48-
Price-to-Total Gains Ratio-177.48--147.45-36.89-104.37-104.37-
Price to Book Ratio4.94-4.78-6.89-26.06-26.06-
Price-to-Total Gains Ratio-177.48--147.45-36.89-104.37-104.37-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share6.19
Number of shares161
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.07
Usd Book Value Change Per Share0.010.09
Usd Total Gains Per Share0.010.15
Gains per Quarter (161 shares)1.2224.57
Gains per Year (161 shares)4.9098.26
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
105-5435588
2010086111186
30155128166284
402010171222382
502415214277480
602920257333578
703425300388676
803930342444774
904435385499872
1004940428555970

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share3.01.00.075.0%10.02.00.083.3%14.06.00.070.0%14.06.00.070.0%14.06.00.070.0%
Book Value Change Per Share1.03.00.025.0%8.04.00.066.7%13.07.00.065.0%13.07.00.065.0%13.07.00.065.0%
Dividend per Share0.00.04.00.0%1.00.011.08.3%6.00.014.030.0%6.00.014.030.0%6.00.014.030.0%
Total Gains per Share1.03.00.025.0%8.04.00.066.7%13.07.00.065.0%13.07.00.065.0%13.07.00.065.0%

Fundamentals of Open Lending Corp

About Open Lending Corp

Open Lending Corporation provides lending enablement and risk analytics solutions to credit unions, regional banks, finance companies, and captive finance companies of automakers in the United States. The company offers Lenders Protection Program (LPP), which is a cloud-based automotive lending platform that provides loan analytics solutions and automated issuance of credit default insurance with third-party insurance providers. Its LPP products include loan analytics, risk-based loan pricing, risk modeling, and automated decision technology for automotive lenders. Open Lending Corporation was founded in 2000 and is based in Austin, Texas.

Fundamental data was last updated by Penke on 2024-03-20 22:57:05.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is very able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is fair priced.
Based on the earnings, the company is fair priced.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of Open Lending Corp.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Open Lending Corp earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Open Lending Corp to the Credit Services industry mean.
  • A Net Profit Margin of -32.4% means that $-0.32 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Open Lending Corp:

  • The MRQ is -32.4%. The company is making a huge loss. -2
  • The TTM is 10.4%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ-32.4%TTM10.4%-42.8%
TTM10.4%YOY30.9%-20.5%
TTM10.4%5Y12.3%-1.9%
5Y12.3%10Y12.3%0.0%
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
MRQ-32.4%13.1%-45.5%
TTM10.4%14.3%-3.9%
YOY30.9%18.4%+12.5%
5Y12.3%16.5%-4.2%
10Y12.3%15.8%-3.5%
1.1.2. Return on Assets

Shows how efficient Open Lending Corp is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Open Lending Corp to the Credit Services industry mean.
  • -1.3% Return on Assets means that Open Lending Corp generated $-0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Open Lending Corp:

  • The MRQ is -1.3%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is 1.4%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ-1.3%TTM1.4%-2.7%
TTM1.4%YOY4.5%-3.1%
TTM1.4%5Y3.3%-1.9%
5Y3.3%10Y3.3%0.0%
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
MRQ-1.3%0.8%-2.1%
TTM1.4%0.9%+0.5%
YOY4.5%0.9%+3.6%
5Y3.3%0.8%+2.5%
10Y3.3%0.8%+2.5%
1.1.3. Return on Equity

Shows how efficient Open Lending Corp is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Open Lending Corp to the Credit Services industry mean.
  • -2.4% Return on Equity means Open Lending Corp generated $-0.02 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Open Lending Corp:

  • The MRQ is -2.4%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is 2.6%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ-2.4%TTM2.6%-4.9%
TTM2.6%YOY8.1%-5.5%
TTM2.6%5Y2.9%-0.3%
5Y2.9%10Y2.9%0.0%
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
MRQ-2.4%3.2%-5.6%
TTM2.6%3.3%-0.7%
YOY8.1%3.6%+4.5%
5Y2.9%3.2%-0.3%
10Y2.9%3.4%-0.5%

1.2. Operating Efficiency of Open Lending Corp.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Open Lending Corp is operating .

  • Measures how much profit Open Lending Corp makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Open Lending Corp to the Credit Services industry mean.
  • An Operating Margin of -55.4% means the company generated $-0.55  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Open Lending Corp:

  • The MRQ is -55.4%. The company is operating very inefficient. -2
  • The TTM is 16.2%. The company is operating efficient. +1
Trends
Current periodCompared to+/- 
MRQ-55.4%TTM16.2%-71.6%
TTM16.2%YOY51.5%-35.3%
TTM16.2%5Y51.4%-35.1%
5Y51.4%10Y51.4%0.0%
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
MRQ-55.4%21.3%-76.7%
TTM16.2%19.0%-2.8%
YOY51.5%26.3%+25.2%
5Y51.4%21.7%+29.7%
10Y51.4%25.5%+25.9%
1.2.2. Operating Ratio

Measures how efficient Open Lending Corp is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Credit Services industry mean).
  • An Operation Ratio of 1.55 means that the operating costs are $1.55 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Open Lending Corp:

  • The MRQ is 1.554. The company is inefficient in keeping operating costs low. -1
  • The TTM is 0.880. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ1.554TTM0.880+0.674
TTM0.880YOY0.500+0.381
TTM0.8805Y0.487+0.393
5Y0.48710Y0.4870.000
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
MRQ1.5540.817+0.737
TTM0.8800.816+0.064
YOY0.5000.799-0.299
5Y0.4870.716-0.229
10Y0.4870.709-0.222

1.3. Liquidity of Open Lending Corp.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Open Lending Corp is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Credit Services industry mean).
  • A Current Ratio of 14.08 means the company has $14.08 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Open Lending Corp:

  • The MRQ is 14.078. The company is very able to pay all its short-term debts. +2
  • The TTM is 15.217. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ14.078TTM15.217-1.138
TTM15.217YOY17.881-2.664
TTM15.2175Y10.950+4.267
5Y10.95010Y10.9500.000
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
MRQ14.0783.006+11.072
TTM15.2173.353+11.864
YOY17.8812.540+15.341
5Y10.9504.074+6.876
10Y10.9504.335+6.615
1.3.2. Quick Ratio

Measures if Open Lending Corp is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Open Lending Corp to the Credit Services industry mean.
  • A Quick Ratio of 13.94 means the company can pay off $13.94 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Open Lending Corp:

  • The MRQ is 13.940. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 14.857. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ13.940TTM14.857-0.917
TTM14.857YOY17.457-2.600
TTM14.8575Y10.409+4.448
5Y10.40910Y10.4090.000
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
MRQ13.9401.975+11.965
TTM14.8572.227+12.630
YOY17.4571.916+15.541
5Y10.4093.814+6.595
10Y10.4093.638+6.771

1.4. Solvency of Open Lending Corp.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Open Lending Corp assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Open Lending Corp to Credit Services industry mean.
  • A Debt to Asset Ratio of 0.45 means that Open Lending Corp assets are financed with 45.0% credit (debt) and the remaining percentage (100% - 45.0%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Open Lending Corp:

  • The MRQ is 0.450. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.443. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.450TTM0.443+0.007
TTM0.443YOY0.439+0.005
TTM0.4435Y0.775-0.332
5Y0.77510Y0.7750.000
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4500.729-0.279
TTM0.4430.716-0.273
YOY0.4390.709-0.270
5Y0.7750.711+0.064
10Y0.7750.693+0.082
1.4.2. Debt to Equity Ratio

Measures if Open Lending Corp is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Open Lending Corp to the Credit Services industry mean.
  • A Debt to Equity ratio of 81.9% means that company has $0.82 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Open Lending Corp:

  • The MRQ is 0.819. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.796. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.819TTM0.796+0.023
TTM0.796YOY0.783+0.013
TTM0.7965Y1.762-0.966
5Y1.76210Y1.7620.000
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8192.575-1.756
TTM0.7962.383-1.587
YOY0.7832.317-1.534
5Y1.7622.329-0.567
10Y1.7622.391-0.629

2. Market Valuation of Open Lending Corp

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Open Lending Corp generates.

  • Above 15 is considered overpriced but always compare Open Lending Corp to the Credit Services industry mean.
  • A PE ratio of -52.45 means the investor is paying $-52.45 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Open Lending Corp:

  • The EOD is -38.149. Based on the earnings, the company is expensive. -2
  • The MRQ is -52.448. Based on the earnings, the company is expensive. -2
  • The TTM is 16.720. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD-38.149MRQ-52.448+14.298
MRQ-52.448TTM16.720-69.168
TTM16.720YOY-0.151+16.871
TTM16.7205Y156.483-139.763
5Y156.48310Y156.4830.000
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
EOD-38.1496.808-44.957
MRQ-52.4486.289-58.737
TTM16.7206.578+10.142
YOY-0.1517.303-7.454
5Y156.4838.537+147.946
10Y156.48311.727+144.756
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Open Lending Corp:

  • The EOD is 11.427. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 15.710. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is 13.753. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD11.427MRQ15.710-4.283
MRQ15.710TTM13.753+1.957
TTM13.753YOY12.858+0.895
TTM13.7535Y46.061-32.308
5Y46.06110Y46.0610.000
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
EOD11.427-0.702+12.129
MRQ15.710-0.673+16.383
TTM13.753-0.332+14.085
YOY12.858-0.451+13.309
5Y46.061-0.002+46.063
10Y46.0610.006+46.055
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Open Lending Corp is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Credit Services industry mean).
  • A PB ratio of 4.94 means the investor is paying $4.94 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Open Lending Corp:

  • The EOD is 3.594. Based on the equity, the company is fair priced.
  • The MRQ is 4.941. Based on the equity, the company is fair priced.
  • The TTM is 4.783. Based on the equity, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD3.594MRQ4.941-1.347
MRQ4.941TTM4.783+0.158
TTM4.783YOY6.895-2.112
TTM4.7835Y26.057-21.274
5Y26.05710Y26.0570.000
Compared to industry (Credit Services)
PeriodCompanyIndustry (mean)+/- 
EOD3.5940.930+2.664
MRQ4.9410.861+4.080
TTM4.7830.860+3.923
YOY6.8951.071+5.824
5Y26.0571.235+24.822
10Y26.0571.430+24.627
2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Open Lending Corp.

3.1. Institutions holding Open Lending Corp

Institutions are holding 80.239% of the shares of Open Lending Corp.

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2023-12-31Wasatch Advisors Inc.13.0790.728915547949-1078537-6.4869
2023-12-31T. Rowe Price Associates, Inc.9.00540.012210705325-2760-0.0258
2023-12-31Vanguard Group Inc7.970.00189474464469120.4976
2023-09-30Bregal North America General Partner Jersey Ltd6.3634100756456600
2023-09-30Bregal Sagemount Management LP6.3634100756456600
2023-09-30Bregal Sagemount I, L.P.6.3634100756456600
2023-12-31True Wind Capital Management, L.P.6.34719.0281754514400
2023-12-31BlackRock Inc6.16870.001673332124094595.9138
2023-12-31Working Capital Advisors (UK) Ltd.5.962938.13708853565824010.2365
2023-12-31Cannell Capital LLC2.22654.8838264683194342955.385
2023-12-31State Street Corporation2.02190.0012403617-491424-16.9747
2023-12-31Geode Capital Management, LLC1.80690.00192147975900084.3736
2023-12-31Dimensional Fund Advisors, Inc.1.52610.00451814216718574.1241
2023-12-31Kornitzer Capital Management Inc1.28610.2531152885000
2023-12-31Northern Trust Corp0.7640.0014908239-3133-0.3438
2023-12-31Raymond James & Associates0.70660.0053839990464325.8511
2023-12-31Goldman Sachs Group Inc0.70020.0006832340458753122.7968
2023-12-31Charles Schwab Investment Management Inc0.6530.001777626499571.2993
2023-12-31JPMorgan Chase & Co0.61370.0006729533447301158.487
2023-12-31Two Sigma Advisers, LLC0.60760.0144722300130001.8328
Total 80.5358363.070995738482+1619494+1.7%

3.2. Funds holding Open Lending Corp

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2023-12-31T. Rowe Price Mid-Cap Value5.15410.37956127061-16012-0.2607
2023-12-31T. Rowe Price US Mid-Cap Value Equity5.15410.37876127061-16012-0.2607
2023-12-31Wasatch Core Growth3.02550.7905359667370561224.4067
2023-12-31T. Rowe Price U.S. Mid-Cap Val Eq Tr-Z2.56250.36693046186160120.5284
2024-02-29Vanguard Total Stock Mkt Idx Inv2.46910.0014293513200
2024-02-29Vanguard Small Cap Index2.07730.01282469428229190.9368
2024-02-29iShares Russell 2000 ETF2.03940.02822424326-396-0.0163
2023-12-31Wasatch Ultra Growth1.66981.41021984987-106535-5.0937
2023-12-31Wasatch Small Cap Value1.4771.046175578663908457.2296
2024-02-29Vanguard Institutional Extnd Mkt Idx Tr1.2430.010514776607330.0496
2024-02-29Vanguard Small Cap Growth Index Inv1.16590.02881385935230231.6893
2023-12-31Fidelity Small Cap Index0.83280.0332990040115771.1832
2023-12-31Buffalo Small Cap0.81421.155196790500
2023-12-31Kornitzer Small Cap Equity0.81421.194796790500
2023-12-31Wasatch Micro Cap0.80071.287195182513037015.8706
2024-02-29iShares Russell 2000 Growth ETF0.67740.0515805281-936-0.1161
2024-01-31Invesco Global Opportunities A0.67560.16588031488031480
2024-01-31JHFunds2 Mid Value NAV0.56090.338566680000
2024-02-29State St Russell Sm/Mid Cp® Indx NL Cl C0.51680.0107614308157002.6228
2024-01-31Fidelity Extended Market Index0.46030.011254722553930.9953
Total 34.19068.701340644672+2233680+5.5%

3.3. Insider Transactions

Insiders are holding 5.708% of the shares of Open Lending Corp.

DateOwnerTypeAmountPricePost Transaction AmountLink
2024-02-07John Joseph FlynnSELL500007.25
2024-01-22John Joseph FlynnSELL500007.6
2024-01-08John Joseph FlynnSELL500007.83
2023-12-21John Joseph FlynnSELL500008.31
2023-10-09John Joseph FlynnSELL500007.05
2023-09-21John Joseph FlynnSELL500007.19
2023-09-07John Joseph FlynnSELL500008.07
2023-08-21John Joseph FlynnSELL500008.37
2023-08-21John Joseph FlynnSELL500008.37
2023-08-07John Joseph FlynnSELL5000010.3
2023-07-21John Joseph FlynnSELL5000011.21
2023-07-07John Joseph FlynnSELL5000010.03
2023-06-21John Joseph FlynnSELL5000010.34
2023-06-13Shubhi Suryaji RaoSELL435010.83

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Open Lending Corp compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---0.0480.008-730%0.108-144%0.086-156%0.086-156%
Book Value Per Share--1.7221.740-1%1.659+4%1.036+66%1.036+66%
Current Ratio--14.07815.217-7%17.881-21%10.950+29%10.950+29%
Debt To Asset Ratio--0.4500.443+2%0.439+3%0.775-42%0.775-42%
Debt To Equity Ratio--0.8190.796+3%0.783+5%1.762-53%1.762-53%
Dividend Per Share----0%-0%0.066-100%0.066-100%
Eps---0.0410.045-190%0.132-131%0.037-209%0.037-209%
Free Cash Flow Per Share--0.1350.165-18%0.212-36%0.140-3%0.140-3%
Free Cash Flow To Equity Per Share--0.0690.079-12%0.176-61%0.104-34%0.104-34%
Gross Profit Margin--1.8980.669+184%1.103+72%0.896+112%0.896+112%
Intrinsic Value_10Y_max--10.200--------
Intrinsic Value_10Y_min--8.739--------
Intrinsic Value_1Y_max--0.789--------
Intrinsic Value_1Y_min--0.775--------
Intrinsic Value_3Y_max--2.549--------
Intrinsic Value_3Y_min--2.430--------
Intrinsic Value_5Y_max--4.522--------
Intrinsic Value_5Y_min--4.182--------
Market Cap735848630.000-38%1015804770.6301012501546.763+0%1385498233.280-27%2097921705.680-52%2097921705.680-52%
Net Profit Margin---0.3240.104-411%0.309-205%0.123-364%0.123-364%
Operating Margin---0.5540.162-441%0.515-207%0.514-208%0.514-208%
Operating Ratio--1.5540.880+76%0.500+211%0.487+219%0.487+219%
Pb Ratio3.594-37%4.9414.783+3%6.895-28%26.057-81%26.057-81%
Pe Ratio-38.149+27%-52.44816.720-414%-0.151-100%156.483-134%156.483-134%
Price Per Share6.190-37%8.5108.345+2%10.983-23%17.045-50%17.045-50%
Price To Free Cash Flow Ratio11.427-37%15.71013.753+14%12.858+22%46.061-66%46.061-66%
Price To Total Gains Ratio-129.097+27%-177.482-147.446-17%36.890-581%104.370-270%104.370-270%
Quick Ratio--13.94014.857-6%17.457-20%10.409+34%10.409+34%
Return On Assets---0.0130.014-189%0.045-129%0.033-139%0.033-139%
Return On Equity---0.0240.026-191%0.081-129%0.029-181%0.029-181%
Total Gains Per Share---0.0480.008-730%0.108-144%0.153-131%0.153-131%
Usd Book Value--205580000.000211251000.000-3%209236000.000-2%127665718.500+61%127665718.500+61%
Usd Book Value Change Per Share---0.0480.008-730%0.108-144%0.086-156%0.086-156%
Usd Book Value Per Share--1.7221.740-1%1.659+4%1.036+66%1.036+66%
Usd Dividend Per Share----0%-0%0.066-100%0.066-100%
Usd Eps---0.0410.045-190%0.132-131%0.037-209%0.037-209%
Usd Free Cash Flow--16164999.00020119999.750-20%26701750.000-39%17280999.950-6%17280999.950-6%
Usd Free Cash Flow Per Share--0.1350.165-18%0.212-36%0.140-3%0.140-3%
Usd Free Cash Flow To Equity Per Share--0.0690.079-12%0.176-61%0.104-34%0.104-34%
Usd Market Cap735848630.000-38%1015804770.6301012501546.763+0%1385498233.280-27%2097921705.680-52%2097921705.680-52%
Usd Price Per Share6.190-37%8.5108.345+2%10.983-23%17.045-50%17.045-50%
Usd Profit---4842000.0005517500.000-188%16655000.000-129%9395336.000-152%9395336.000-152%
Usd Revenue--14939000.00029365000.000-49%44898500.000-67%34748200.000-57%34748200.000-57%
Usd Total Gains Per Share---0.0480.008-730%0.108-144%0.153-131%0.153-131%
 EOD+4 -4MRQTTM+5 -29YOY+6 -285Y+12 -2410Y+12 -24

4.2. Fundamental Score

Let's check the fundamental score of Open Lending Corp based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-38.149
Price to Book Ratio (EOD)Between0-13.594
Net Profit Margin (MRQ)Greater than0-0.324
Operating Margin (MRQ)Greater than0-0.554
Quick Ratio (MRQ)Greater than113.940
Current Ratio (MRQ)Greater than114.078
Debt to Asset Ratio (MRQ)Less than10.450
Debt to Equity Ratio (MRQ)Less than10.819
Return on Equity (MRQ)Greater than0.15-0.024
Return on Assets (MRQ)Greater than0.05-0.013
Total4/10 (40.0%)

4.3. Technical Score

Let's check the technical score of Open Lending Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5035.671
Ma 20Greater thanMa 506.890
Ma 50Greater thanMa 1007.322
Ma 100Greater thanMa 2007.169
OpenGreater thanClose6.190
Total1/5 (20.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2022-12-312023-03-312023-06-302023-09-302023-12-31
Income before Tax  4,10412,66916,773-1,26215,511-10,9764,535-12,496-7,961
EBIT  6,40110,69517,0961,07018,166-10,8327,334-15,611-8,277
EBITDA  7,06012,34419,404-98618,418-10,7567,662-15,604-7,942
Operating Income  6,40110,69517,096-1,37615,720-11,1844,536-12,813-8,277
Tax Provision  8,293-4,0584,235-954,140-2,6081,532-4,651-3,119
Income Tax Expense  8,293-4,0584,235-954,140-2,6081,532-4,651-3,119
Total Other Income Expense Net -2,2971,974-323317-63-3319316



Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in USD. All numbers in thousands.

Summary
Total Assets374,037
Total Liabilities168,457
Total Stockholder Equity205,580
 As reported
Total Liabilities 168,457
Total Stockholder Equity+ 205,580
Total Assets = 374,037

Assets

Total Assets374,037
Total Current Assets289,876
Long-term Assets84,161
Total Current Assets
Cash And Cash Equivalents 246,669
Net Receivables 40,355
Other Current Assets 2,852
Total Current Assets  (as reported)289,876
Total Current Assets  (calculated)289,876
+/-0
Long-term Assets
Property Plant Equipment 7,903
Long-term Assets Other 5,535
Long-term Assets  (as reported)84,161
Long-term Assets  (calculated)13,438
+/- 70,723

Liabilities & Shareholders' Equity

Total Current Liabilities20,590
Long-term Liabilities147,867
Total Stockholder Equity205,580
Total Current Liabilities
Short-term Debt 4,688
Short Long Term Debt 4,688
Accounts payable 375
Other Current Liabilities 15,527
Total Current Liabilities  (as reported)20,590
Total Current Liabilities  (calculated)25,278
+/- 4,688
Long-term Liabilities
Long term Debt 139,357
Capital Lease Obligations 4,082
Long-term Liabilities Other 5,060
Long-term Liabilities  (as reported)147,867
Long-term Liabilities  (calculated)148,499
+/- 632
Total Stockholder Equity
Common Stock1,282
Retained Earnings -193,749
Other Stockholders Equity 398,047
Total Stockholder Equity (as reported)205,580
Total Stockholder Equity (calculated)205,580
+/-0
Other
Capital Stock1,282
Cash and Short Term Investments 246,669
Common Stock Shares Outstanding 119,366
Liabilities and Stockholders Equity 374,037
Net Debt -99,174
Net Invested Capital 349,625
Net Working Capital 269,286
Property Plant and Equipment Gross 9,824
Short Long Term Debt Total 147,495



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-31
> Total Assets 
280,729
281,463
282,828
79,186
282,952
186,534
294,907
294,009
326,795
261,136
293,243
318,825
342,732
366,813
398,963
379,631
372,898
386,800
383,380
374,037
374,037383,380386,800372,898379,631398,963366,813342,732318,825293,243261,136326,795294,009294,907186,534282,95279,186282,828281,463280,729
   > Total Current Assets 
1,085
998
917
45,212
76,200
53,305
157,115
162,777
191,093
133,750
165,562
202,794
220,599
259,055
283,209
280,744
271,995
284,506
293,856
289,876
289,876293,856284,506271,995280,744283,209259,055220,599202,794165,562133,750191,093162,777157,11553,30576,20045,2129179981,085
       Cash And Cash Equivalents 
0
0
0
7,676
0
26,252
115,153
101,513
127,011
57,154
90,864
116,454
147,404
167,695
201,807
204,450
210,589
224,445
232,608
246,669
246,669232,608224,445210,589204,450201,807167,695147,404116,45490,86457,154127,011101,513115,15326,25207,676000
       Net Receivables 
0
0
0
33,549
25,144
22,684
31,206
54,738
59,539
68,681
67,613
78,412
68,415
84,607
74,538
69,864
54,861
51,744
52,308
40,355
40,35552,30851,74454,86169,86474,53884,60768,41578,41267,61368,68159,53954,73831,20622,68425,14433,549000
       Other Current Assets 
0
0
0
205
12,361
328
5,168
2,018
980
634
753
2,394
1,749
3,341
3,515
2,361
1,832
2,980
3,137
2,852
2,8523,1372,9801,8322,3613,5153,3411,7492,3947536349802,0185,16832812,361205000
   > Long-term Assets 
0
0
0
33,974
0
133,229
137,792
131,232
135,702
127,386
127,681
116,031
122,133
107,758
115,754
98,887
100,903
102,294
89,524
84,161
84,16189,524102,294100,90398,887115,754107,758122,133116,031127,681127,386135,702131,232137,792133,229033,974000
       Property Plant Equipment 
0
0
0
299
355
669
7,168
6,934
7,208
8,046
7,992
7,852
7,840
7,695
7,547
7,183
7,123
7,318
7,862
7,903
7,9037,8627,3187,1237,1837,5477,6957,8407,8527,9928,0467,2086,9347,168669355299000
       Other Assets 
0
0
0
0
38,611
132,560
130,624
124,298
128,494
119,340
119,689
108,179
114,293
100,063
108,207
91,704
0
94,976
0
0
0094,976091,704108,207100,063114,293108,179119,689119,340128,494124,298130,624132,56038,6110000
> Total Liabilities 
10,145
10,350
10,819
313,965
11,001
650,785
260,625
267,387
286,610
164,058
165,653
159,843
159,354
159,345
165,689
166,807
167,349
167,650
168,655
168,457
168,457168,655167,650167,349166,807165,689159,345159,354159,843165,653164,058286,610267,387260,625650,78511,001313,96510,81910,35010,145
   > Total Current Liabilities 
520
725
1,194
8,193
15,085
11,689
13,131
17,008
19,010
14,642
17,050
12,065
12,409
14,015
16,980
15,107
16,746
17,968
19,973
20,590
20,59019,97317,96816,74615,10716,98014,01512,40912,06517,05014,64219,01017,00813,13111,68915,0858,1931,194725520
       Short-term Debt 
0
0
0
2,484
0
4,463
4,675
5,252
3,125
3,125
3,125
3,125
3,125
3,906
3,750
3,750
3,750
3,750
3,750
4,688
4,6883,7503,7503,7503,7503,7503,9063,1253,1253,1253,1253,1255,2524,6754,46302,484000
       Short Long Term Debt 
0
0
0
2,484
0
4,463
4,675
4,888
3,125
3,125
3,125
3,125
3,125
3,906
3,750
3,750
3,750
3,750
3,750
4,688
4,6883,7503,7503,7503,7503,7503,9063,1253,1253,1253,1253,1254,8884,6754,46302,484000
       Accounts payable 
0
0
0
1,337
5,877
3,086
2,283
3,442
2,991
1,987
1,430
1,285
195
421
183
288
741
30
221
375
375221307412881834211951,2851,4301,9872,9913,4422,2833,0865,8771,337000
       Other Current Liabilities 
0
0
0
2,366
3,926
2,647
4,220
2,779
4,109
4,460
4,027
3,671
9,089
9,688
13,047
11,069
12,255
6,697
6,700
15,527
15,5276,7006,69712,25511,06913,0479,6889,0893,6714,0274,4604,1092,7794,2202,6473,9262,366000
   > Long-term Liabilities 
0
0
0
305,772
0
639,096
247,494
250,379
267,600
149,416
148,603
147,778
146,945
145,330
148,709
151,700
150,603
149,682
148,682
147,867
147,867148,682149,682150,603151,700148,709145,330146,945147,778148,603149,416267,600250,379247,494639,0960305,772000
       Long term Debt Total 
0
0
0
0
0
0
0
152,859
170,212
144,518
143,828
143,135
142,437
140,959
144,478
0
0
0
0
0
00000144,478140,959142,437143,135143,828144,518170,212152,8590000000
       Other Liabilities 
0
0
0
0
0
483,968
88,090
92,382
92,369
0
0
0
0
0
0
3,935
0
3,923
0
0
003,92303,93500000092,36992,38288,090483,96800000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
300
0
500
0
0
005000300000000000000000
> Total Stockholder Equity
270,584
271,114
272,009
-234,779
271,951
-464,251
34,282
26,622
40,185
97,078
127,590
158,982
183,378
207,468
233,274
212,824
205,549
219,150
214,725
205,580
205,580214,725219,150205,549212,824233,274207,468183,378158,982127,59097,07840,18526,62234,282-464,251271,951-234,779272,009271,114270,584
   Common Stock
265,584
266,115
267,009
376
8,011
918
1,269
1,282
1,282
1,282
1,282
1,282
1,282
1,282
1,282
1,282
1,282
1,282
1,282
1,282
1,2821,2821,2821,2821,2821,2821,2821,2821,2821,2821,2821,2821,2821,2699188,011376267,009266,115265,584
   Retained Earnings 
3,713
4,243
4,999
-242,781
-322,452
-372,257
-443,390
-428,406
-415,544
-339,578
-310,164
-282,439
-259,285
-236,159
-211,630
-215,819
-203,281
-191,910
-188,907
-193,749
-193,749-188,907-191,910-203,281-215,819-211,630-236,159-259,285-282,439-310,164-339,578-415,544-428,406-443,390-372,257-322,452-242,7814,9994,2433,713
   Capital Surplus 
1,286
756
0
0
0
0
0
491,246
491,947
492,874
493,972
496,983
498,057
498,745
499,843
0
500,530
501,374
0
0
00501,374500,5300499,843498,745498,057496,983493,972492,874491,947491,246000007561,286
   Treasury Stock00000-56,221-56,400-56,676-56,844-57,500-57,500-37,500-37,5000000000
   Other Stockholders Equity 
0
0
0
7,965
0
-92,912
476,403
453,746
454,447
435,374
436,472
440,139
441,381
442,345
443,622
427,361
407,548
409,778
402,350
398,047
398,047402,350409,778407,548427,361443,622442,345441,381440,139436,472435,374454,447453,746476,403-92,91207,965000



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue117,460
Cost of Revenue-22,282
Gross Profit95,17895,178
 
Operating Income (+$)
Gross Profit95,178
Operating Expense-66,103
Operating Income29,07529,075
 
Operating Expense (+$)
Research Development5,575
Selling General Administrative43,043
Selling And Marketing Expenses17,485
Operating Expense66,10366,103
 
Net Interest Income (+$)
Interest Income8,944
Interest Expense-10,661
Other Finance Cost-523
Net Interest Income-1,194
 
Pretax Income (+$)
Operating Income29,075
Net Interest Income-1,194
Other Non-Operating Income Expenses0
Income Before Tax (EBT)28,85829,292
EBIT - interestExpense = 18,414
28,858
32,731
Interest Expense10,661
Earnings Before Interest and Taxes (EBIT)29,07539,519
Earnings Before Interest and Taxes (EBITDA)30,234
 
After tax Income (+$)
Income Before Tax28,858
Tax Provision-18,200
Net Income From Continuing Ops22,72310,658
Net Income22,070
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses88,385
Total Other Income/Expenses Net-2171,194
 

Technical Analysis of Open Lending Corp
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Open Lending Corp. The general trend of Open Lending Corp is BEARISH with 71.4% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Open Lending Corp's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-71.4%) Bearish trend (71.4%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Open Lending Corp.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is -1/(-1 +1).

  • Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 6.21 < 6.61 < 7.485.

The bearish price targets are: 4.89.

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Open Lending Corp Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Open Lending Corp. The current mas is .

The long score for the Moving Averages is 2/14.
The longshort score for the Moving Averages is -10/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Open Lending Corp Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Open Lending Corp. The current macd is -0.26946328.

The long score for the Moving Average Convergence/Divergence (MACD) is 0/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -4/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Open Lending Corp price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Open Lending Corp. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Open Lending Corp price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Open Lending Corp Daily Moving Average Convergence/Divergence (MACD) ChartOpen Lending Corp Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Open Lending Corp. The current adx is 29.64.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -4/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Open Lending Corp shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bearish trend. The ADX is trending up, so the bearish trend is strengthening.
Open Lending Corp Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Open Lending Corp. The current sar is 7.57084762.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Open Lending Corp Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Open Lending Corp. The current rsi is 35.67. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is -2/(-13 +13).

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Trending up: The RSI is trending up. +1
Open Lending Corp Daily Relative Strength Index (RSI) ChartOpen Lending Corp Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Open Lending Corp. The current phase is Oversold in bear market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 0/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH < 20: The STOCH %K is below 20 and oversold. -2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Open Lending Corp price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Open Lending Corp Daily Stochastic Oscillator ChartOpen Lending Corp Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Open Lending Corp. The current cci is -181.53181881.

The long score for the Commodity Channel Index (CCI) is 0/1.
The longshort score for the Commodity Channel Index (CCI) is -1/(-1 +1).

  • CCI < -100: The CCI is below -100, it indicates that the price is significantly below its average, suggesting a potential oversold condition. -1
Open Lending Corp Daily Commodity Channel Index (CCI) ChartOpen Lending Corp Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Open Lending Corp. The current cmo is -34.8614044.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Open Lending Corp Daily Chande Momentum Oscillator (CMO) ChartOpen Lending Corp Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Open Lending Corp. The current willr is -81.19122257.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is -1/(-1 +1).

  • WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1
Open Lending Corp Daily Williams %R ChartOpen Lending Corp Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Open Lending Corp.

Open Lending Corp Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Open Lending Corp. The current atr is 0.38974241.

Open Lending Corp Daily Average True Range (ATR) ChartOpen Lending Corp Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Open Lending Corp. The current obv is -18,096,639.

Open Lending Corp Daily On-Balance Volume (OBV) ChartOpen Lending Corp Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Open Lending Corp. The current mfi is 45.68.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Open Lending Corp Daily Money Flow Index (MFI) ChartOpen Lending Corp Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Open Lending Corp.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-06CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-07WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-08SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-09BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-11-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-11-14MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-15CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-16STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-20STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-22SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-27STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-28STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-29DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-30DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-01DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-04CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-05STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-06WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-07STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-08MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-11STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-12DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-12-13DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-14BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-15STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-18STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-19ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-20STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-21STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-22STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-26STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-03SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-04MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-05DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-01-08STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-09STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-11WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-16CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-17STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-22SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-01-23DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-24DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-25STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-29STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-30STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-31SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-02-01CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-02WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-02-05ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-06STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-09DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-12MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-14CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-15BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-16STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-23CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-28MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-04STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-05STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-07STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-08ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-19ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-20MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-22STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-25MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-27STOCH SHORT EXITThe %K line crosses above the %D line.

6.3. Candlestick Patterns

Open Lending Corp Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Open Lending Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5035.671
Ma 20Greater thanMa 506.890
Ma 50Greater thanMa 1007.322
Ma 100Greater thanMa 2007.169
OpenGreater thanClose6.190
Total1/5 (20.0%)
Penke

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