Opendoor Technologies Inc (NASDAQ:OPEN) currently has a daily average trading volume of 18.93M but it saw 17183827 shares traded in last market. With a market cap of 1.18B USD, the company’s current market price of $1.68 came rising about 5.00 while comparing to the previous closing price of $1.60. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.89 and as low as $1.60. In the recent trading on the day, stock has struck highest price mark of $1.62 while lowest mark touched by it was $1.69.
Taking a look at 20-day trading activity of Opendoor Technologies Inc (OPEN) gives us an average price of $2.2903, while its current price level is -65.64% below from 52-week high level whereas it is 5.00% 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 $2.1083 while that of 200 days or SMA-200 reads an average of $2.7115. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.19% during that period while stretching the period over a month that increases to 10.37%. 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 34.88 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 -21.13% down while it is -11.58% when we observe its performance for the past one month. Year-to-date it is -62.50% down and over the past year, the stock is showing a downside performance of -52.68%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.11 beat the consensus estimate of -0.15 for the same. In next quarter, company is expected to be making quarterly sales of $1.2B as analysts are expecting the sales for current fiscal year at $5.16B and seeing the company making $7.34B in sales next year. Moreover, analysts are in estimates of $1.27B for current-quarter revenue.
Currently, Opendoor Technologies Inc’s total number of outstanding shares is 677.64M with 10.49% of that held by the insiders while 59.87% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -13.36% and return on equity (ROE) at -41.22%. Stock’s beta reads 2.77. Stock has a price to book (P/B) ratio of 1.39 while price to sale or P/S ratio amounts to 0.26. Its return on asset (ROA) is -10.48% on average.
