Opendoor Technologies Inc (NASDAQ:OPEN) currently has a daily average trading volume of 40.35M but it saw 51812187 shares traded in last market. With a market cap of 889.92M USD, the company’s current market price of $1.23 came falling about -0.81 while comparing to the previous closing price of $1.24. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.24 and as low as $1.12.
Taking a look at 20-day trading activity of Opendoor Technologies Inc (OPEN) gives us an average price of $1.4130, while its current price level is -62.04% below from 52-week high level whereas it is 9.82% 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 $1.4753 while that of 200 days or SMA-200 reads an average of $1.8872. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.57% during that period while stretching the period over a month that decreases to 8.53%. 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 36.97 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 -20.13% down while it is -6.82% when we observe its performance for the past one month. Year-to-date it is -23.12% down and over the past year, the stock is showing a downside performance of -60.45%.
The company is expected to be releasing its next quarterly report in April, for which analysts forecasted an EPS of -0.1 while estimate for next year EPS is -0.31. In next quarter, company is expected to be making quarterly sales of $1.45B as analysts are expecting the sales for current fiscal year at $5.25B and seeing the company making $6.51B in sales next year. Moreover, analysts are in estimates of $1.06B for current-quarter revenue.
Currently, Opendoor Technologies Inc’s total number of outstanding shares is 719.99M with 10.49% of that held by the insiders while 52.70% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -15.10% and return on equity (ROE) at -46.67%. Stock’s beta reads 2.80. Stock has a price to book (P/B) ratio of 1.24 while price to sale or P/S ratio amounts to 0.17. Its return on asset (ROA) is -11.71% on average.
