Opendoor Technologies Inc (NASDAQ:OPEN) currently has a daily average trading volume of 40.40M but it saw 28856258 shares traded in last market. With a market cap of 993.95M USD, the company’s current market price of $1.39 came rising about 0.72 while comparing to the previous closing price of $1.38. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.71 and as low as $1.28. In the recent trading on the day, stock has struck highest price mark of $1.36 while lowest mark touched by it was $1.43.
Taking a look at 20-day trading activity of Opendoor Technologies Inc (OPEN) gives us an average price of $1.4215, while its current price level is -62.53% below from 52-week high level whereas it is 8.59% 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 $1.7193 while that of 200 days or SMA-200 reads an average of $1.9591. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.88% during that period while stretching the period over a month that increases to 7.56%. 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 41.73 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 -2.80% down while it is -19.19% when we observe its performance for the past one month. Year-to-date it is -13.13% down and over the past year, the stock is showing a downside performance of -56.70%.
The company is expected to be releasing its next quarterly report in March, 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 $1.33B as analysts are expecting the sales for current fiscal year at $5.04B and seeing the company making $6.09B in sales next year. Moreover, analysts are in estimates of $971.53M for current-quarter revenue.
Currently, Opendoor Technologies Inc’s total number of outstanding shares is 711.66M with 10.56% of that held by the insiders while 54.92% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -13.76% and return on equity (ROE) at -40.64%. Stock’s beta reads 2.82. Stock has a price to book (P/B) ratio of 1.23 while price to sale or P/S ratio amounts to 0.20. Its return on asset (ROA) is -10.06% on average.
