Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps define momentum characteristics, with OneSpan (OSPN) currently holding a Momentum Style Score of B [2] - Style Scores complement the Zacks Rank system, which has a strong track record of outperforming the market; OSPN has a Zacks Rank of 1 (Strong Buy) [3] Group 2: OneSpan's Performance Metrics - OSPN shares have increased by 6.94% over the past week, outperforming the Zacks Internet - Software industry, which rose by 5.38% [6] - Over the last quarter, OSPN shares rose by 10.92%, and over the past year, they increased by 75.47%, while the S&P 500 only moved 7.42% and 32.55%, respectively [7] - The average 20-day trading volume for OSPN is 460,511 shares, indicating a bullish sign if the stock is rising with above-average volume [8] Group 3: Earnings Outlook - Recent earnings estimate revisions for OSPN show one upward revision and no downward revisions, increasing the consensus estimate from $1.16 to $1.34 over the past 60 days [10] - For the next fiscal year, there has been one upward estimate revision with no downward changes, indicating positive earnings outlook [10] - Given these factors, OSPN is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a potential pick for near-term gains [11]

Core Viewpoint - The article discusses the reliability of brokerage recommendations, particularly focusing on OneSpan (OSPN), and emphasizes the importance of using these recommendations in conjunction with other analytical tools for making investment decisions [1][4]. Group 1: Brokerage Recommendations - OneSpan has an average brokerage recommendation (ABR) of 1.80, indicating a rating between Strong Buy and Buy, based on recommendations from five brokerage firms [2]. - Out of the five recommendations, three are classified as Strong Buy, accounting for 60% of the total recommendations [2]. - Despite the positive ABR, the article cautions against making investment decisions solely based on this metric, as studies show limited success of brokerage recommendations in predicting stock price increases [4]. Group 2: Analyst Bias and Tools - Analysts from brokerage firms often exhibit a strong positive bias in their ratings due to vested interests, leading to a higher number of Strong Buy recommendations compared to Strong Sell recommendations [5][9]. - The Zacks Rank, a proprietary stock rating tool, is presented as a more reliable indicator of near-term price performance, based on earnings estimate revisions [7][10]. - The Zacks Rank is distinct from the ABR, as it is a quantitative model that reflects timely earnings estimate revisions, while the ABR may not always be up-to-date [8][11]. Group 3: Earnings Estimates and Investment Potential - The Zacks Consensus Estimate for OneSpan has increased by 18.1% over the past month, reaching $1.34, indicating growing optimism among analysts regarding the company's earnings prospects [12]. - The significant change in the consensus estimate, along with other factors, has resulted in a Zacks Rank of 1 (Strong Buy) for OneSpan, suggesting potential for stock appreciation [13].

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

OneSpan Inc. (NASDAQ: OSPN ) reported Q3 2024 earnings , with results in line with expectations and guidance. The company's revenues decreased YoY, but were primarily driven by hardware and software sunsetting, with growth ex-hardware of 5.5%. More importantly, the company continues to expandLong-only investment, evaluating companies from an operational, buy-and-hold perspective.Quipus Capital does not focus on market-driven dynamics and future price action. Instead, our articles focus on operational aspect ...

In the latest market close, OneSpan (OSPN) reached $14.58, with a +0.83% movement compared to the previous day. The stock exceeded the S&P 500, which registered a loss of 0.03% for the day. Elsewhere, the Dow lost 0.61%, while the tech-heavy Nasdaq added 0.56%.The the stock of internet security company has fallen by 10.3% in the past month, lagging the Computer and Technology sector's gain of 1.65% and the S&P 500's gain of 1.39%.The investment community will be paying close attention to the earnings perfor ...

In the latest market close, OneSpan (OSPN) reached $14.46, with a -0.07% movement compared to the previous day. This change lagged the S&P 500's daily gain of 0.22%. On the other hand, the Dow registered a loss of 0.33%, and the technology-centric Nasdaq increased by 0.76%.Shares of the internet security company witnessed a loss of 10.84% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 2.29% and the S&P 500's gain of 1.47%.The investment community wil ...

OneSpan (OSPN) ended the recent trading session at $14.68, demonstrating a -0.74% swing from the preceding day's closing price. This change lagged the S&P 500's 0.17% loss on the day. Meanwhile, the Dow lost 0.44%, and the Nasdaq, a tech-heavy index, lost 0.04%. Coming into today, shares of the internet security company had lost 3.59% in the past month. In that same time, the Computer and Technology sector gained 1.41%, while the S&P 500 gained 1.25%. The investment community will be closely monitoring the ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...

The latest trading session saw OneSpan (OSPN) ending at $16.23, denoting a +0.5% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily loss of 0.19%. On the other hand, the Dow registered a loss of 0.7%, and the technology-centric Nasdaq increased by 0.04%. Heading into today, shares of the internet security company had gained 3.53% over the past month, outpacing the Computer and Technology sector's gain of 0.73% and the S&P 500's gain of 1.95% in that time. Inve ...

Costs controlled: The most interesting factor behind OneSpan's recent performance has been the impressive cost cuts the company has materialized. OpEx was 35% lower in 1H24, and gross margins were 500 basis points higher. The workforce has been reduced by close to half. In this respect, 2Q24 maintained a quarterly OpEx trend of around $30/31 million, which is very salutary. Although OpEx may raise in 2H24 (potentially for bonuses and higher D&A), the company is in line to post $75 million in annualized savi ...