Opendoor Technologies Inc (NASDAQ:OPEN) currently has a daily average trading volume of 55.80M but it saw 87657136 shares traded in last market. With a market cap of 501.85M USD, the company’s current market price of $0.69 came falling about -7.02 while comparing to the previous closing price of $0.74. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.09 and as low as $0.65.
Taking a look at 20-day trading activity of Opendoor Technologies Inc (OPEN) gives us an average price of $0.7548, while its current price level is -77.72% below from 52-week high level whereas it is 5.92% 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 $0.9402 while that of 200 days or SMA-200 reads an average of $1.5614. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.16% during that period while stretching the period over a month that increases to 10.55%. 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 39.00 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 -8.20% down while it is -30.62% when we observe its performance for the past one month. Year-to-date it is -56.97% down and over the past year, the stock is showing a downside performance of -71.43%.
Currently, Opendoor Technologies Inc’s total number of outstanding shares is 726.84M with 11.29% of that held by the insiders while 49.29% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -16.55% and return on equity (ROE) at -47.67%. Stock’s beta reads 2.79. Stock has a price to book (P/B) ratio of 0.78 while price to sale or P/S ratio amounts to 0.10. Its return on asset (ROA) is -11.02% on average.
