During the last session, Opendoor Technologies Inc. (NASDAQ:OPEN)’s traded shares were 6,865,622, with the beta value of the company hitting 0. At the end of the trading day, the stock’s price was $20.65, reflecting an intraday loss of -5.45% or -$1.19. The 52-week high for the OPEN share is $39.24, that puts it down -90.02% from that peak though still a striking +48.91% gain since the share price plummeted to a 52-week low of $10.55. The company’s market capitalization is $12.61 Billion, and the average intraday trading volume over the past 10 days was 8.6 Million shares, and the average trade volume was 10.52 Million shares over the past three months.
Opendoor Technologies Inc. (OPEN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.7. OPEN has a Sell rating from none of the analyst(s) out of 6 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while none of them suggest Overweight, and 5 recommend a Buy rating for it. None of the analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.48.
Opendoor Technologies Inc. (NASDAQ:OPEN): Trading Information
Opendoor Technologies Inc. (OPEN) registered a -5.45% downside in the last session and has traded in the green over the past 5 sessions. The stock spiked 9.4% in intraday trading to $22.79 this Thursday, Apr 01, hitting a weekly high. The stock’s 5-day price performance is 0.63%, and it has moved by -6.09% in 30 days. Based on these gigs, the overall price performance for the year is -9.15%. The short interest in Opendoor Technologies Inc. (NASDAQ:OPEN) is 10.62 Million shares and it means that shorts have 1.01 day(s) to cover.
The consensus price target of analysts on Wall Street is $35.2, which implies an increase of 70.46% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $30 and $42 respectively. As a result, OPEN is trading at a discount of 103.39% off the target high and 45.28% off the low.
Opendoor Technologies Inc. (OPEN) projections and forecasts
An analysis of the company’s performance over the past 5 years shows that the company’s earnings fell an estimated 0%. While earnings are projected to return -318.8% in 2021, the next five years will return 0% per annum.
Opendoor Technologies Inc. (NASDAQ:OPEN)’s Biggest Investors
Opendoor Technologies Inc. insiders own 15.28% of total outstanding shares while institutional holders control 49.38%, with the float percentage being 58.29%. SB Investment Advisers (UK) LTD is the largest shareholder of the company, while 146 institutions own stock in it. As of Dec 30, 2020, the company held over 73.62 Million shares (or 12.75% of all shares), a total value of $1.67 Billion in shares.
The next largest institutional holding, with 46.12 Million shares, is of VK Services, LLC’s that is approximately 7.99% of outstanding shares. At the market price on Dec 30, 2020, these shares were valued at $1.05 Billion.
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Also, the Mutual Funds coming in first place with the largest holdings of Opendoor Technologies Inc. (OPEN) shares are ARK ETF Tr-ARK Next Generation Internet ETF and ARK ETF Tr-ARK Fintech Innovation ETF. Data provided on Feb 27, 2021 indicates that ARK ETF Tr-ARK Next Generation Internet ETF owns about 6,655,589 shares. This amounts to just over 1.15 percent of the company’s overall shares, with a $186.49 Million market value. The same data shows that the other fund manager holds slightly less at 4.39 Million, or about 0.76% of the stock, which is worth about $122.9 Million.