OPHC Should I Buy
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OptimumBank Holdings Inc (OPHC) is not a strong buy at the moment for a beginner investor with a long-term strategy. Despite strong financial performance in the latest quarter, insider selling and lack of significant trading trends suggest caution. Additionally, technical indicators are mixed, and there are no strong trading signals or catalysts to warrant immediate action.
The MACD histogram is negative and expanding (-0.00958), indicating bearish momentum. RSI is neutral at 65.041, and moving averages are bullish (SMA_5 > SMA_20 > SMA_200). Key resistance levels are at 5.505 and 5.618, while support levels are at 5.138 and 5.025.
The company launched a wholly-owned subsidiary, OptimumFunding, to enhance its HUD and FHA lending initiatives, which could improve its commercial real estate lending capabilities.
Insiders are selling heavily, with a 498.08% increase in selling activity over the last month. Hedge funds remain neutral, and there are no significant trading trends.
In Q3 2024, revenue increased by 47.92% YoY to $9,378,000, net income rose by 160.20% YoY to $3,302,000, and EPS grew by 77.78% YoY to 0.32. Gross margin remained unchanged at 0.
No data available for analyst ratings or price target changes.
