Why Opendoor Technologies Inc (NASDAQ: OPEN) At $1.81 Is Worth Your Money?

Opendoor Technologies Inc (NASDAQ:OPEN) does about 15.00M shares in volume on a normal day but saw 9222761 shares change hands in Monday trading. The company now has a market cap of 1.25B USD. Its current market price is $1.81, marking an increase of 2.84% compared to the previous close of $1.76. The 52 week high reached by this stock is $5.41 whilst the lowest price level in 52 weeks is $1.68.

Opendoor Technologies Inc (OPEN) has a 20-day trading average at $1.9280 and the current price is -66.54% off the 52-week high compared with 7.74% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.1046 and its 200-day simple moving average is $2.7423. If we look at the stock’s price movements over the week, volatility stands at 6.06%, which increases to 6.32% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 39.71 to suggest the stock is neutral.

The consensus objective for the share price is $2.53, suggesting that the stock has a potential upside of 28.46% over the period.

Keefe Bruyette upgraded the stock to “Mkt Perform” from Underperform on December 13, 2023 at a price target of $3.50. Deutsche Bank initiated its price target at $2.80.

Opendoor Technologies Inc (OPEN) stock is down -1.63% over the week and -18.47% over the past month. Its price is -59.60% year-to-date and -52.99% over the past year.

To reach the target analysts have set, the stock logically needs to grow 28.46 percent from here.

The company has a return on investment of -8.50% and return on equity of -29.25%. The beta has a value of 2.70. Price to book ratio is 1.39 and price to sales ratio is 0.25.