Opera Limited (NASDAQ:OPRA) Looks Just Right With A 26% Price Jump
Opera Limited (NASDAQ:OPRA) shares have had a really impressive month, gaining 26% after a shaky period beforehand. Looking back a bit further, it’s encouraging to see the stock is up 32% in the last year.
Since its price has surged higher, Opera’s price-to-earnings (or “P/E”) ratio of 22.7x might make it look like a sell right now compared to the market in the United States, where around half of the companies have P/E ratios below 19x and even P/E’s below 11x are quite common. However, the P/E might be high for a reason and it requires further investigation to determine if it’s justified.
Opera hasn’t been…
