Daily

High Beta Spotted on OneSpan Inc. (:OSPN) as It Hits 1.95!

Examining shares of OneSpan Inc. (:OSPN), we can see that the stock has a current beta of 1.95. Checking in on current price action, company shares had recently touched 15.53. From the session open, shares have moved -0.70%. Investors will be watching to see how the stock reacts to market influences over the next few weeks. As we near the halfway point of the calendar year, investors may be trying to figure out if now is the time to get in on the name, or whether to wait for a better opportunity.

When dealing with the equity markets, investors are often tasked with trying to find stocks that are bound for glory. Every investor dreams of finding those stocks that were overlooked but are poised to pick up momentum. New investors are often instructed to set goals before starting to invest. Creating attainable, realistic goals can be a good starting point before digging into the investment trenches. After setting up goals considering financial status, objectives, timeframes and risk appetite, the next step may involve creating an actionable plan. Once the plan is in place, it may be extremely important to routinely monitor the performance of the portfolio. There are often many well crafted investment plans that for whatever reason don’t seem to be working out properly. Being able to evaluate and adjust the plan based on market activity may end up being the difference between a winning or losing portfolio. Being able to adapt to the fast paced and often times tumultuous market landscape can be a gigantic benefit for long-term portfolio health.

After a recent check, OneSpan Inc. (:OSPN) shares have been seen trading 7.07% away from the 20-day moving average. Zooming out to the 50-day, we can see that shares are currently trading 7.71% off of that mark. Looking at the 200-day moving average, shares have been trading -11.36% away from that value. The moving average uses the sum of all of the previous closing prices over a certain time period and divides the result by the number of prices used in the calculation. Many investors will opt to use multiple time periods when examining moving averages. Moving averages are considered to be lagging indicators, and they may prove to be very useful for spotting peaks and troughs. They may also be used to help the trader calculate sturdy support and resistance levels for the stock.

Investors may be closely monitoring historical stock price performance in order to examine what has been happening with company shares. Let’s take a look at some of the numbers for OneSpan Inc. (:OSPN). Stock price performance for the past week is currently noted at -0.57%. If we look back to the beginning of the calendar year, shares have performed 20.77%. Looking back over the past full-year, shares have performed 14.58%. Over the past month, the stock has performed 13.50%. Over the last quarter, the stock has performed -7.29%. Briefly looking at some recent volatility numbers, we can see that shares have been noted at 2.48% for the week, and 3.47% for the past month.

Investors are constantly trying to make smarter decisions when it comes to dealing with the stock market. There are so many choices out there that it may become completely overwhelming at first. Starting with a baseline approach can help ease the burden of too much information. Developing the proper investment knowledge may take a lot of time and effort. Many investors may find out the hard way that shortcuts are not the answer to achieving long-term success in the stock market. Many people may occasionally get lucky and think they can do no wrong. Over time, this type of investor may see profits start to shrink and losses start to pile up. Many investors are bombarded with hot investment tips. It can be very tempting to take advice from someone who has actually made money in the markets previously. However, the old adage remains the same; past results may not indicate future results. Thinking that something that has worked in the past will no doubt work in the future can be a recipe for portfolio disaster. Individual investors who do their own thorough research should be much better positioned to make the proper decisions when the time comes.   

We are also noting that OneSpan Inc. (:OSPN) was recently seen trading -12.16% away from the 50-day high and 36.11% separated from the 50-day low. Taking a broader view, the current separation from the 52-week high is -38.98%, and the distance from the 52-week low is currently 36.11%. Let’s also look quickly at some analyst views on company shares. At the time of writing, the consensus target price for the company is $21.50. The consensus recommendation provided by covering sell-side analysts is currently 1.30. This number lands on a scale from 1 to 5. Following this scale, a rating of a 1 or a 2 would indicate a consensus Buy recommendation. A rating of 4 or 5 would represent a consensus Sell recommendation. A rating of 3 would indicate a Hold recommendation.

Making money in the stock market can be challenging, but it is not impossible. Accomplished investors typically have a well-rounded understanding of how markets function. Many successful investors have learned to be patient, disciplined, and ready to jump on any opportunity that arises. Securing higher returns on investment dollars may take some extra time and effort for those who do not have a lengthy background in the stock market. Although there are many types of investments out there, investing in stocks has traditionally provided the highest potential for returns. To realize consistent returns, investors typically have to maintain a steadfast approach and be willing to adapt to changing market environments over time.