Important note
This AI stock analysis for Opera is not up to date. Creating and accessing our AI stock Analysis (powered by our data and Chat GPT) is only available for our premium users. Sign up to get access today!
Opera - AI Stock Analysis
Analysis generated June 11, 2024
Opera is a global web innovation and digital media company that offers a suite of web browsing and digital content consumption solutions to users worldwide. The company is known for its innovative web browsers, including its Opera browser, Opera GX gaming browser, and Opera Mini mobile browser. Additionally, Opera ventures into the realms of fintech and news aggregation, making it a diversified tech play.
Fundamental Analysis
In terms of financial performance, Opera shows stable revenue figures. The revenue for the last quarter was $115 million, which matches the revenue from the quarter before, demonstrating stability. Notably, this revenue reflects a 19.02% increase compared to the same quarter last year, suggesting positive year-over-year growth.
The net income for the last quarter was $107 million. Despite marking a 14.24% decrease compared to the previous quarter, it reveals a substantial year-over-year increase of 413.57%. This significant boost indicates the company has managed exceptional cost controls or realized high-value revenue streams within the past year.
Ebitda for the last quarter stood at $24 million, consistent with the previous quarter but down by 62.32% year-over-year. The considerable year-over-year decline may indicate operational or age-level efficiency issues that need addressing.
The current P/E ratio of 8.09 might suggest that the stock is undervalued compared to its earnings. Investors may consider this as a bullish sign, but it should be weighed against other performance metrics and market conditions.
Technical Analysis
Today's stock price is $14.73. This marks an increase of 6.97% compared to a month ago, pointing to a positive short-term trend. However, compared to a year ago, the stock is down by 17.85%, which could be a long-term concern.
The current Simple Moving Average over the last 10 days (SMA10) is 13.91, up slightly from the previous SMA10 of 13.84, indicating potential upward price movement.
The Relative Strength Index (RSI) is 36.1, indicating a neutral condition. The RSI score suggests that neither overbuying nor overselling is predominating, providing a neutral stance.
Alternative Data Analysis
Looking at job postings and employee sentiment, Opera has 18 open positions, up by 157% in recent months, indicating potential growth and expansion. Employee sentiment is reported as neutral, neither significantly positive nor negative.
In terms of customer acquisition, Opera boasts an estimated 117 million visitors to their webpage, up by 37% recently—a positive sign. Additionally, its mobile app downloads have reached an estimated 85,000 daily, highlighting an 8% increase over the last couple of months.
On the social media front, Opera has 290,000 Instagram followers and 640,000 Twitter followers. There has been no meaningful change in follower counts on Instagram, and no percentage change on Twitter, indicating a potential stagnation in social media reach.
Conclusion
In conclusion, Opera shows robust fundamental performance with consistent revenue and noteworthy year-over-year net income growth, albeit paired with decreasing Ebitda. Technically, the stock displays short-term bullishness but warrants caution due to its long-term downward trend.
Alternative data presents a mix of positive signs in customer acquisition and job postings, but employee sentiment remains neutral, and social media engagement is stagnant.
Given the AI score of 57, which signals a hold, investors might consider waiting for more concrete signs of sustained growth and improved financial efficiency before making a significant decision. Based on this comprehensive analysis, a "Hold" recommendation on Opera seems most prudent.
Disclaimer: This AI stock analysis, generated by an experimental AI tool, is for informational purposes only and not financial advice. Information is based on publicly available data and may not always be accurate or current.
