OppFi Helps Risky Credit
Summary
OppFi Inc. (OPFI) is a tech-enabled specialty finance platform broadening credit access for marginalized Americans, showing strong technical buy signals and significant price appreciation.
The stock has gained 123.48% since the Trend Seeker buy signal on 12/16, with a 456.50% gain in the last year and 134.32% in the last month.
Fundamental factors include a market cap of $1.41 billion, a P/E ratio of 18.99, and expected revenue and earnings growth over the next two years.
Analysts have mixed opinions, with one strong buy and one hold, while investor sentiment on platforms like Motley Fool and Seeking Alpha is generally positive.
The Chart of the Day belongs to credit services company OppFi 
OPFI . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 12/16 the stock gained 123.48%.
VNET Price vs Daily Moving Averages:
OPFI (Barchart)
OppFi Inc. is a tech-enabled specialty finance platform that broadens the reach of community banks to extend credit access to everyday Americans. It supports consumers, who are turned away by mainstream options, to build financial health, through transparency, responsible lending, financial inclusion, and a better customer experience. The company was founded in 2012 and is headquartered in Chicago, Illinois.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:
- 100% technical buy signals
- 462.19+ Weighted Alpha
- 456.50% gain in the last year
- 1.57 - 60 month Beta
- Trend Seeker buy signal
- Above its 20, 50 and 100 day moving averages
- 17 new highs and up 134.32% in the last month
- Relative Strength Index 85.86%
- Technical support level at $15.68
- Recently traded at $16.99 with 50 day moving average of $9.68
Fundamental Factors:
- Market Cap $1.41 billion
- P/E 18.99
- Revenue expected to grow 2.91% this year and another 6.51% next year
- Earnings estimated to increase 69.28% this year and an additional 6.18% next year
Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:
- Wall Street analysts issued 1 strong buy and 1 hold opinion on the stock
- Their price targets between $10.00 and $10.50 with a consensus of $10.25 for a 40% loss
- Value Line rates the stock above average and comments:" OppFi’s primary goal is to facilitate financial inclusion and credit access to the 63 million everyday Americans who are credit marginalized, through its products and an unwavering commitment to its customers. Unlike payday loans and similar credit products that typically do not provide transparency, fairness, and ability to repay guidelines."
- CFRAs MarketScope rates the stock a buy
MorningStar thinks the stock is 21% over valued
There are 27 investors following the stock on Motley Fool and 25 think the stock will outperform the Market while 2 feel it won't
14,360 investors monitor the stock on Seeking Alpha
Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.
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On the date of publication, Jim Van Meerten had a position in: OPFI . All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.