Take Profit Or Hold On To Opera Limited (NASDAQ:OPRA) – Seeking Alpha
Summary
- Opera Limited has a 1-month gain of +22.25%. I do not agree with the current buy rating that Seeking Alpha Quant has for this stock.
- Take profit on Opera. The very low browser market share renders Opera Limited unattractive.
- The fast stochastic and candlestick trade signals are bearish on Opera.
- Yes, Opera is more than just a browser company. It has diversified to game development, video streaming, cashback offers, and VPN services.
Take your profit on Opera Limited (NASDAQ:OPRA). This stock has a 1-month price increase of +22.25%. I do not agree with the prevalent buy recommendation that OPRA got from Seeking Alpha Quant. Raking in the profit when there’s a big 1-month gain is the right thing to do. Sell now while the stock trades above $5.60. The recent rally is thanks to Opera’s excellent Q3 revenue of $85.35 million. This is +28.1% YoY. It is also notable that Q3 produced a positive non-GAAP EPADS of $0.10. After three consecutive quarters of negative EPS, Opera has…
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source: https://news.oneseocompany.com/2022/12/12/take-profit-or-hold-on-to-opera-limited-nasdaqopra-seeking-alpha_2022121237455.html
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