Opera's (OPRA) Stock Jumps 5.01% Amid Strong Financial Performance and Institutional Buy Ratings

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Opera (OPRA, Financial) experienced significant stock price volatility with a robust increase of 5.01%. The stock is now trading at $15.73 per share, with a trading volume of 431,297 shares and a turnover rate of 0.49%. The stock's amplitude reached 5.21% during this period.

Recent financial reports show that Opera achieved $110 million in revenue, with a net profit of $19.34 million. The earnings per share (EPS) stood at $0.22, and the gross profit was $58.40 million, placing its price-to-earnings (P/E) ratio at 9.02.

A survey of six rating agencies revealed that 100% of them recommend a 'buy' for Opera, with no 'hold' or 'sell' suggestions.

In the broader Internet Information Services industry, the sector saw an overall increase of 0.36%. Within this sector, stocks like 36Kr, Taboola.com Ltd C/Wts (To Pur Com), and Cheche Technology saw significant gains. Meanwhile, Trump Media & Technology Group, Upexi Inc., and TuanChe exhibited higher turnover rates of 6.26%, 6.02%, and 4.88%, respectively. Stocks with notable amplitude include Leafly Holdings Inc C/Wts 04/02/2027 (To Pur Com) at 37.04%, 36Kr at 29.09%, and Rde Inc. at 25.65%.

Opera, a global internet brand under Beijing Software Co., Ltd., caters to a large, active, and growing user base. The company offers various PC and mobile browsers, an Opera gaming portal, development tools, Opera news recommendation products, and multiple e-commerce services. Their browser features include tabbed browsing, data-saving capabilities, PC/mobile synchronization, and numerous privacy and security features like ad-blocking and built-in VPN. The lineup includes Opera Mini and Opera Browser for Android and iOS, Opera for PCs, Opera GX for gamers, and the Web3-centric browser tailored for cryptocurrency enthusiasts.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.