Opendoor Technologies Inc (NASDAQ:OPEN) currently has a daily average trading volume of 43.34M but it saw 40492974 shares traded in last market. With a market cap of 788.64M USD, the company’s current market price of $1.09 came rising about 12.53 while comparing to the previous closing price of $0.97. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.09 and as low as $0.85. In the recent trading on the day, stock has struck highest price mark of $0.9247 while lowest mark touched by it was $1.1.
Taking a look at 20-day trading activity of Opendoor Technologies Inc (OPEN) gives us an average price of $1.1089, while its current price level is -64.72% below from 52-week high level whereas it is 27.92% 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 $1.2650 while that of 200 days or SMA-200 reads an average of $1.7585. A closer look into the stock’s movement over the week reveals that its volatility is standing at 17.11% during that period while stretching the period over a month that decreases to 9.92%. 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 45.83 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 7.92% up while it is -1.80% when we observe its performance for the past one month. Year-to-date it is -31.87% down and over the past year, the stock is showing a downside performance of -59.48%.
The company is expected to be releasing its next quarterly report on 2025-Feb-26, 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 10.59% of that held by the insiders while 52.71% 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 2.58. Stock has a price to book (P/B) ratio of 1.10 while price to sale or P/S ratio amounts to 0.15. Its return on asset (ROA) is -11.71% on average.
