OneSpan Inc. (NASDAQ: OSPN) stock jumped 4.05% on Wednesday to $13.37 against a previous-day closing price of $12.85. With 0.21 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.32 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $13.42 whereas the lowest price it dropped to was $12.62. The 52-week range on OSPN shows that it touched its highest point at $17.94 and its lowest point at $8.15 during that stretch. It currently has a 1-year price target of $18.67. Beta for the stock currently stands at 0.80.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of OSPN was down-trending over the past week, with a drop of -2.55%, but this was up by 25.54% over a month. Three-month performance surged to 14.08% while six-month performance rose 6.20%. The stock lost -22.54% in the past year, while it has lost -21.03% so far this year. A look at the trailing 12-month EPS for OSPN yields -0.63 with Next year EPS estimates of -0.09. For the next quarter, that number is -0.07. This implies an EPS growth rate of -466.60% for this year and 46.70% for next year. EPS is expected to grow by 2.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -37.50%.
Float and Shares Shorts:
At present, 39.72 million OSPN shares are outstanding with a float of 34.97 million shares on hand for trading. On Oct 13, 2022, short shares totaled 1.22 million, which was 3.09% higher than short shares on Sep 14, 2022. In addition to Mr. Matthew P. Moynahan as the firm’s Pres, CEO & Director, Mr. John W. Bosshart CPA serves as its Chief Accounting Officer.
Through their ownership of 84.62% of OSPN’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 43.63% of OSPN, in contrast to 39.67% held by mutual funds. Shares owned by individuals account for 12.55%. As the largest shareholder in OSPN with 14.18% of the stake, BlackRock Fund Advisors holds 5,614,657 shares worth 5,614,657. A second-largest stockholder of OSPN, Legion Partners Asset Management, holds 3,193,312 shares, controlling over 8.07% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in OSPN, holding 2,661,407 shares or 6.72% stake. With a 6.61% stake in OSPN, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 2,615,726 shares are owned by the mutual fund manager. The Legal & General UCITS ETF PLC – C, which owns about 4.99% of OSPN stock, is the second-largest Mutual Fund holder. It holds 1,977,127 shares valued at 21.73 million. Vanguard Total Stock Market Index holds 2.46% of the stake in OSPN, owning 973,180 shares worth 10.7 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OSPN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. .
Summary of Insider Activity:
Insiders traded OSPN stock several times over the past three months with 5 Buys and 1 Sells. In these transactions, 8,711 shares were bought while 209 shares were sold. The number of buy transactions has increased to 30 while that of sell transactions has risen to 26 over the past year. The total number of shares bought during that period was 136,923 while 307,355 shares were sold.