Opera Limited (OPRA) Stock Surges Over 5% Amid Strong Institutional Ratings

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Oct 11, 2024
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Opera Limited (OPRA, Financial) experienced a notable surge in its stock price, climbing 5.02% to $15.59 per share. The trading volume reached 301,559 shares with a turnover rate of 0.34% and a price fluctuation of 5.32%.

Recent financial reports for Opera Limited reveal an operational revenue of $110 million and a net profit of $19.34 million, translating to earnings per share of $0.22. The company's gross profit stood at $58.4 million, with a price-to-earnings ratio of 8.93. Notably, all six institutions covering the stock have issued buy ratings, with no hold or sell recommendations.

Within the internet information services sector, to which Opera belongs, the overall growth was 0.72%. Among Opera's peers, Moneyhero Ltd, Cheche Technology, and Trump Media & Technology Group showed significant gains. Actively traded stocks in the sector included Trump Media & Technology Group, Asset Entities Inc., and Upexi, Inc., with respective turnover rates of 20.93%, 3.35%, and 2.61%. Stocks with notable fluctuations were Locafy Limited, Moneyhero Limited, and Upexi, Inc., with volatility of 21.15%, 20.75%, and 20.04%, respectively.

Opera Limited, known internationally as a leading internet brand, boasts a large and growing user base. The company offers a variety of PC and mobile browsers, Opera gaming portals, development tools, and e-commerce services. Its browser features include tabbed browsing, data savings, PC/mobile synchronization, and privacy-focused options like ad blocking and built-in VPN. The product lineup includes Opera Mini and Opera Browser for Android and iOS, Opera for computers, Opera GX for gamers, and a specialized Web3 browser aimed at 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.