Opendoor Technologies Inc (NASDAQ:OPEN) currently has a daily average trading volume of 36.21M but it saw 41781292 shares traded in last market. With a market cap of 1.09B USD, the company’s current market price of $1.53 came falling about -4.97 while comparing to the previous closing price of $1.61. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.95 and as low as $1.52. In the recent trading on the day, stock has struck highest price mark of $1.52 while lowest mark touched by it was $1.58.
Taking a look at 20-day trading activity of Opendoor Technologies Inc (OPEN) gives us an average price of $1.7487, while its current price level is -61.27% below from 52-week high level whereas it is 0.66% 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 $1.8557 while that of 200 days or SMA-200 reads an average of $2.0715. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.63% during that period while stretching the period over a month that increases to 6.73%. 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 34.95 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 -4.38% down while it is -30.45% when we observe its performance for the past one month. Year-to-date it is -4.38% down and over the past year, the stock is showing a downside performance of -61.27%.
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 2.84. Stock has a price to book (P/B) ratio of 1.36 while price to sale or P/S ratio amounts to 0.22. Its return on asset (ROA) is -10.06% on average.
