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This Underrated Tech Stock is Quietly Red-Hot
Schaeffers Investment Researchยท 2025-04-28 16:03
Group 1 - Opera Ltd (NASDAQ: OPRA) reported a first-quarter earnings beat and raised its fiscal-year forecast for 2025, leading to a 4.4% increase in share price to $16.21 [1] - The stock has gained 13.1% over the past five trading sessions, although it remains below its 18-month high of $22.50 reached on February 18 [1] - Year-to-date, OPRA shares are down 14.6%, but they have increased by 21% year-over-year [1] Group 2 - All analysts covering OPRA maintain "buy" ratings, with only 2.2% of the stock's float sold short, despite a 35% increase in short interest recently [2] - The options market for OPRA has become active, with call options trading at three times the average intraday volume and put options trading at eight times the average [3] - The July 17.50 call option is seeing significant selling activity, along with the popular May 17.50 call option [3]