Opendoor Technologies Inc (NASDAQ:OPEN) currently has a daily average trading volume of 18.85M but it saw 33703900 shares traded in last market. With a market cap of 1.47B USD, the company’s current market price of $2.13 came falling about -8.19 while comparing to the previous closing price of $2.32. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.41 and as low as $1.68.
Taking a look at 20-day trading activity of Opendoor Technologies Inc (OPEN) gives us an average price of $2.33, while its current price level is -60.63% below from 52-week high level whereas it is 26.79% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $2.15 while that of 200 days or SMA-200 reads an average of $2.73. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.76% during that period while stretching the period over a month that decreases to 9.67%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 44.18 which implies that the stock is in neutral territory.
Keefe Bruyette upgraded its recommendation for the stock as a “Mkt Perform” from “Underperform” on December 13, 2023 while assigning a price target of $3.50. Deutsche Bank issued its recommendations for the stock as it initiated the price target for the stock is $2.80.
Over the week, OPEN’s stock price is moving -13.77% down while it is 21.02% when we observe its performance for the past one month. Year-to-date it is -52.46% down and over the past year, the stock is showing a downside performance of -59.58%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.3 beat the consensus estimate of -0.38 for the same. In next quarter, company is expected to be making quarterly sales of $1.59B as analysts are expecting the sales for current fiscal year at $5.78B and seeing the company making $8.21B in sales next year. Moreover, analysts are in estimates of $1.47B for current-quarter revenue.
Currently, Opendoor Technologies Inc’s total number of outstanding shares is 677.64M. Company’s return on investment (ROI) stands at -8.50% and return on equity (ROE) at -29.25%. Stock’s beta reads 2.70. Stock has a price to book (P/B) ratio of 1.63 while price to sale or P/S ratio amounts to 0.29. Its return on asset (ROA) is -6.65% on average.
