Openlane Inc (NYSE:KAR) price on Friday, December 27, fall -1.61% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $20.12.
A look at the stock’s price movement, the close in the last trading session was $20.45, moving within a range at $20.0 and $20.39. The beta value (5-Year monthly) was 1.454 while the PE ratio in trailing twelve months stood at 106.46. Turning to its 52-week performance, $20.85 and $12.86 were the 52-week high and 52-week low respectively. Overall, KAR moved 0.85% over the past month.
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Openlane Inc’s market cap currently stands at around $2.15 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Turning to the stock’s technical picture we see that short term indicators suggest on average that KAR is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 0 recommend KAR as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 9.70, with KAR’s current price about -1.09% and 6.06% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 52.80, while 7-day volatility ratio is 1.71% and 2.13% in the 30-day chart. Further, Openlane Inc (KAR) has a beta value of 1.54, and an average true range (ATR) of 0.45.
If we refocus on Openlane Inc (NYSE:KAR), historical trading data shows that trading volumes averaged 1.0 over the past 10 days and 673.25K over the past 3 months. The company’s latest data on shares outstanding shows there are 106.84 million shares.
The 1.68% of Openlane Inc’s shares are in the hands of company insiders while institutional holders own 100.88% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.34 million on 2024-11-29, giving us a short ratio of 6.4. The data shows that as of 2024-11-29 short interest in Openlane Inc (KAR) stood at 578.00002 of shares outstanding, with shares short rising to 4.02 million registered in 2024-10-31. Current price change has pushed the stock 35.85% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the KAR stock continues to rise going into the next quarter.
