Why Buy stock in Opendoor Technologies Inc. (OPEN)? – Marketing Sentinel

Why Buy stock in Opendoor Technologies Inc. (OPEN)?

Opendoor Technologies Inc. (NASDAQ:OPEN) has a beta value of 0 and has seen 5,221,807 shares traded in the last trading session. The company, currently valued at $11.7 Billion, closed the last trade at $20.27 per share which meant it lost -$0.56 on the day or -2.69% during that session. The OPEN stock price is -93.59% off its 52-week high price of $39.24 and 47.95% above the 52-week low of $10.55. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.6 Million shares traded. The 3-month trading volume is 10.52 Million shares.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.

The consensus among analysts is that Opendoor Technologies Inc. (OPEN) is a Buy stock at the moment, with a recommendation rating of 1.7. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 1 out of 6 have rated it as a Hold, with 5 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.48.

Opendoor Technologies Inc. (NASDAQ:OPEN) trade information

Despite being -2.69% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Apr 27 when the OPEN stock price touched $22.65- or saw a rise of 10.52%. Year-to-date, Opendoor Technologies Inc. shares have moved -10.82%, while the 5-day performance has seen it change 3.74%. Over the past 30 days, the shares of Opendoor Technologies Inc. (NASDAQ:OPEN) have changed -1.22%. Short interest in the company has seen 37.03 Million shares shorted with days to cover at 3.52.

Wall Street analysts have a consensus price target for the stock at $35.2, which means that the shares’ value could jump 73.66% from current levels. The projected low price target is $30 while the price target rests at a high of $42. In that case, then, we find that the current price level is +107.2% off the targeted high while a plunge would see the stock lose 48% from current levels.

Opendoor Technologies Inc. (OPEN) estimates and forecasts

Earnings growth for 2021 is a modest -318.8%.

Opendoor Technologies Inc. (NASDAQ:OPEN)’s Major holders

Insiders own 15.28% of the company shares, while shares held by institutions stand at 55.01% with a share float percentage of 64.93%. Investors are also buoyed by the number of investors in a company, with Opendoor Technologies Inc. having a total of 157 institutions that hold shares in the company. The top two institutional holders are SB Investment Advisers (UK) LTD with over 73.62 Million shares worth more than $1.67 Billion. As of December 30, 2020, SB Investment Advisers (UK) LTD held 12.75% of shares outstanding.

The other major institutional holder is VK Services, LLC, with the holding of over 46.12 Million shares as of December 30, 2020. The firm’s total holdings are worth over $1.05 Billion and represent 7.99% of shares outstanding.

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!


Get the hottest stocks to trade every day before the market opens 100% free. Click here now.

Also the top two Mutual Funds that are holding company’s shares are ARK ETF Tr-ARK Next Generation Internet ETF and ARK ETF Tr-ARK Fintech Innovation ETF. As of March 30, 2021, the former fund manager holds about 1.18% shares in the company for having 6819302 shares of worth $144.5 Million while later fund manager owns 4.76 Million shares of worth $100.88 Million as of March 30, 2021, which makes it owner of about 0.82% of company’s outstanding stock.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Leave a Comment

Your email address will not be published. Required fields are marked *

On Key

Related Posts

Get The Best Stocks To Trade Every Day!

Join now to get the Newsheater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get Best Morning Financial Newsletter... 100% Free

Best stocks ideas

Analysts’ Upgrades & Downgrades

Important Earnings

Insider Watchlist

We do not sell or share your information with anyone.