OppFi: This Fintech Could Have More To Rally [Seeking Alpha]
OppFi Inc. Class A (OPFI)
Company Research
Source: Seeking Alpha
6min Summary OppFi's 90% rally over the past year may continue, driven by Fed rate cuts and a strong financial performance, including rising revenue and net income. The company's valuation is attractive with a price-to-sales multiple of 0.77x, supported by free cash flow and a healthy cash position. Despite high net charge-off rates, OPFI's financials show improvement, with reduced expenses and increased adjusted net income. While macroeconomic risks like a recession pose threats, the current market sentiment and potential Fed rate cuts could sustain OPFI's stock momentum. PM Images OppFi's ( NYSE: OPFI ) remarkable 92% rally over the last 1 year could have more room to run against a stock market possibly set to realize back-to-back cuts to the Fed funds rate following the bumper 50 basis points cut at the September FOMC meeting. For the $385 million market cap, OPFI, the cuts open an opportunity for the company's valuation to continue a recovery that has been building
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OPFI
News
- OppFi Announces Third Quarter 2024 Earnings Conference CallBusiness Wire
- OppFi Inc. (OPFI): Expanding Financial Access for Millions of Americans [Yahoo! Finance]Yahoo! Finance
- Is the Options Market Predicting a Spike in OppFi (OPFI) Stock? [Yahoo! Finance]Yahoo! Finance
- Jeri Larsen strengthens LoanPro executive team as Chief Customer Officer [Yahoo! Finance]Yahoo! Finance
- OppFi Inc at August 20th Virtual Investor Summit Microcap EventAccesswire
OPFI
Earnings
- 8/7/24 - Beat
OPFI
Sec Filings
- 11/5/24 - Form 4
- 11/5/24 - Form 4
- 11/4/24 - Form 4
- OPFI's page on the SEC website