OneSpan Inc. (OSPN) Stock: Seeing Gains In Today’s Session

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OneSpan Inc. (OSPN) is making a move up in the market in today’s trading session. The company, focused on the tech industry, is currently trading at $19.43 after heading up 22.74% so far in today’s session. In terms of technology stocks, there are a number of factors that have the potential to generate gains in the market. One of the most common is news. Here are the recent stories surrounding OSPN:

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Oct-30-19 09:35AM Heres What Hedge Funds Think About OneSpan Inc. (OSPN)
Oct-29-19 06:55PM OneSpan (OSPN) Beats Q3 Earnings and Revenue Estimates
04:01PM OneSpan Reports Record Results for Third Quarter of 2019 Driven by 77% Software Growth; Increases Full Year 2019 Guidance
11:15AM Volatility 101: Should OneSpan (NASDAQ:OSPN) Shares Have Dropped 39%?
Oct-03-19 08:00AM OneSpan to Announce Third Quarter 2019 Financial Results October 29, 2019

Nonetheless, any time investors are making an investing decision, prospective investors should focus on much more than news, this is especially the case in the ever evolving tech sector. Here’s what’s happening with OneSpan Inc..

Recent Movement Out of OSPN

While a move toward the top in a single session, like the gain that we’re seeing from OneSpan Inc. might lead to excitement in some investors, a single session move by itself shouldn’t be the reason for a decision to, or not to, invest in a stock. It is generally smart to take a look at trends beyond a single trading session. As it relates to OSPN, here are the returns that we’ve seen:

  • Past 5 Sessions – In the last five trading sessions, OSPN has produced a price change amounting to 24.23%.
  • Monthly – The monthly performance from OneSpan Inc. comes to 36.16%.
  • Past Three Months – In the last 3 months, the company has produced a return of 33.17%
  • Past Six Months – Over the last six months, investors have seen a change of 7.17% from the company.
  • YTD – Since the the first trading session of this year OSPN has generated a ROI of 50.04%.
  • Full Year – Lastly, over the last year, we’ve seen performance amounting to 15.45% out of OSPN. In this period, the stock has sold at a high of -10.10% and a low price of 70.29%.

Rations That You Should Think About

Looking at a few key ratios having to do with a stock can provide traders a view of how risky and/or potentially profitable a an investment option might be. Below are some of the most important ratios to consider when digging into OSPN.

Short Ratio – The short ratio is a tool that’s used by investors to measure the level of short interest. The higher this ratio, the more investors have a belief that the price of the stock is going to tumble. Throughout the sector, strong tech stocks tend to carry a lower short ratio. However, we also see quite a few short squeezes in the sector. Nonetheless, in relation to OneSpan Inc., it’s short ratio clocks in at 7.12.

Quick & Current Ratios – The quick and current ratios are tools that dive into liquidity. Basically, they measure the company’s abilities to pay its debts when they come due using current assets or quick assets. Because in tech, companies rely on continued investor support as they work to bring new technologies to market, the quick and current ratios can seem upsetting. However, some gems in the tech industry come with great quick and current ratios. As far as OSPN, the quick and current ratios work out to 2.60 and 2.90 respectively.  

Book To Share Value – The book to share value compares the current book value of assets currently owned by the company to the price of shares. In this particular case, that ratio comes in at 6.11.

Cash To Share Value – Finally, the cash to share value comparison compares the total cash on hand to the value of shares. When it comes to OSPN, the cash to share value comes to 1.87.

Smart Money Follows Big Money

An interesting fact that I have learned in my brief period here is that good investors tend to follow big money investors. In general, investors that want to keep their investments relatively safe will follow moves made by institutional investors as well as those on the inside. So, what does the big money picture look like when it comes to OSPN? Here’s what’s going on:

  • Institutional Investors – At the moment, institutional investors hold 69.20% of the company. However, it is worth considering that the ownership held by institutions has seen a move in the amount of -0.30% in the past 3 months.
  • Insider Moves – with regard to insiders, insiders of the company currently hold 16.40% of OneSpan Inc.. Insider ownership of the company has seen a move of 0 in the past quarter.

What Analysts Say About OneSpan Inc.

While it’s rarely a smart idea to avoid doing your DD and blindly following the thoughts of analysts, it is a good idea to consider their opinions to validate your own opinions when it comes to making an investment decision in the tech sector. Below are the most recent moves that we’ve seen from analysts as it relates to OSPN.

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Jun-26-19 Initiated B. Riley FBR Buy $22
May-31-19 Initiated Wedbush Neutral
Feb-20-19 Downgrade Imperial Capital Outperform → In-line $19 → $20
Dec-04-18 Initiated Sidoti Buy
Nov-05-18 Upgrade Imperial Capital In-line → Outperform

Earnings

What have ween seen from OSPN in terms of financial results?Here’s what we’ve seen:

  • Analyst Expectations – At the moment, Wall Street analysts expect that the company will come up with EPS that totals up to be 0.63, with 0.15 being reported in the next financial report. Although this information isn’t earnings driven, because we are talking on the topic of Wall Street analysts, OSPN is presently graded as a 1.40 when rated on a scale from 1 to 5 on which 1 is the worst average Wall Street analyst grade and 5 is the best possible.
  • 5-Year Sales – In the past 5 years, OneSpan Inc. has reported a movement in sales volume that comes to a total of 6.50%. Earnings per share through the past half decade have generated movement in the amount of -40.30%.
  • Q/Q – In terms of quarter over quarter earnings data, or Q/Q data as it is commonly referred to as in the human world, OneSpan Inc. has generated a change in earnings that amounts to -144.80%. OSPN has also moved the needle with regard to revenue in the amount of 13.30%.

What’s The Float Looking Like?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 40.34M shares of OneSpan Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, OSPN has a float of 32.56M.

It’s also important to look at the short percent. Think about it, when a large percentage of the float available for trading is shorted, the overall feeling in the market is that the equity is going to fall hard. When it comes to OSPN, the percentage of the float that is sold short comes to a total of 3.82%. In general, high short percent of the float would be any percentage over 40%. In my research, I have seen that anything over 26% is likely a play that comes with hefty risk.

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