Opendoor Technologies Inc (NASDAQ:OPEN) currently has a daily average trading volume of 36.89M but it saw 46504802 shares traded in last market. With a market cap of 1.54B USD, the company’s current market price of $2.15 came falling about -1.83 while comparing to the previous closing price of $2.19. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.89 and as low as $1.52. In the recent trading on the day, stock has struck highest price mark of $2.1 while lowest mark touched by it was $2.3392.
Taking a look at 20-day trading activity of Opendoor Technologies Inc (OPEN) gives us an average price of $1.94, while its current price level is -56.03% below from 52-week high level whereas it is 41.45% 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 $1.89 while that of 200 days or SMA-200 reads an average of $2.20. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.99% during that period while stretching the period over a month that decreases to 9.33%. 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 57.76 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 -5.29% down while it is 11.98% when we observe its performance for the past one month. Year-to-date it is -52.01% down and over the past year, the stock is showing a downside performance of -36.39%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.14 beat the consensus estimate of -0.19 for the same. The company is expected to be releasing its next quarterly report in January, for which analysts forecasted an EPS of -0.14 while estimate for next year EPS is -0.39. In next quarter, company is expected to be making quarterly sales of $1.35B as analysts are expecting the sales for current fiscal year at $5.07B and seeing the company making $6.27B in sales next year. Moreover, analysts are in estimates of $991.55M for current-quarter revenue.
Currently, Opendoor Technologies Inc’s total number of outstanding shares is 711.66M. Company’s return on investment (ROI) stands at -13.76% and return on equity (ROE) at -40.64%. Stock’s beta reads 2.78. Stock has a price to book (P/B) ratio of 1.91 while price to sale or P/S ratio amounts to 0.31. Its return on asset (ROA) is -10.06% on average.
