Opendoor Technologies Inc (NASDAQ:OPEN) currently has a daily average trading volume of 22.24M but it saw 37133475 shares traded in last market. With a market cap of 1.50B USD, the company’s current market price of $2.14 came falling about -10.08 while comparing to the previous closing price of $2.38. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.89 and as low as $1.58. In the recent trading on the day, stock has struck highest price mark of $2.1 while lowest mark touched by it was $2.35.
Taking a look at 20-day trading activity of Opendoor Technologies Inc (OPEN) gives us an average price of $1.91, while its current price level is -56.24% below from 52-week high level whereas it is 35.44% 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 $2.06 while that of 200 days or SMA-200 reads an average of $2.70. A closer look into the stock’s movement over the week reveals that its volatility is standing at 12.18% during that period while stretching the period over a month that decreases to 10.07%. 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 52.60 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 6.47% up while it is -8.55% when we observe its performance for the past one month. Year-to-date it is -52.23% down and over the past year, the stock is showing a downside performance of -38.86%.
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. The company is expected to be releasing its next quarterly report in September, for which analysts forecasted an EPS of -0.14 while estimate for next year EPS is -0.42. 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 10.38% of that held by the insiders while 59.20% 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 2.70. Stock has a price to book (P/B) ratio of 1.77 while price to sale or P/S ratio amounts to 0.33. Its return on asset (ROA) is -10.48% on average.
