During the last session, Opendoor Technologies Inc. (NASDAQ:OPEN)’s traded shares were 22.89 million. At the end of the trading day, the stock’s price was $5.38, reflecting an intraday gain of 11.62% or $0.56. The 52-week high for the OPEN share is $25.33, that puts it down -370.82 from that peak though still a striking 20.07% gain since the share price plummeted to a 52-week low of $4.30. The company’s market capitalization is $3.01B, and the average intraday trading volume over the past 10 days was 22.19 million shares, and the average trade volume was 17.89 million shares over the past three months.
Opendoor Technologies Inc. (OPEN) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.20. OPEN has a Sell rating from 0 analyst(s) out of 10 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 recommend a Buy rating for it. 1 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.13.
Opendoor Technologies Inc. (NASDAQ:OPEN) trade information
Opendoor Technologies Inc. (OPEN) registered a 11.62% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 11.62% in intraday trading to $5.38 this Thursday, 06/23/22, hitting a weekly high. The stock’s 5-day price performance is 4.87%, and it has moved by -20.53% in 30 days. Based on these gigs, the overall price performance for the year is -68.74%. The short interest in Opendoor Technologies Inc. (NASDAQ:OPEN) is 87.11 million shares and it means that shorts have 6.43 day(s) to cover.
The consensus price target of analysts on Wall Street is $12.05, which implies an increase of 55.35% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6.00 and $24.00 respectively. As a result, OPEN is trading at a discount of -346.1% off the target high and -11.52% off the low.
Opendoor Technologies Inc. (OPEN) estimates and forecasts
Statistics show that Opendoor Technologies Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Opendoor Technologies Inc. (OPEN) shares have gone down -63.65% during the last six months, with a year-to-date growth rate more than the industry average at 190.00% against 14.10. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 45.80% this quarter and then drop -111.10% in the quarter after that. In the rating firms’ projections, revenue will increase 121.70% compared to the previous financial year.
Revenue for the current quarter is expected to be $4.11 billion as predicted by 8 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to $4.34 billion by the end of Sep 2022.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -67.40%. While earnings are projected to return -138.80% in 2022, the next five years will return 5.20% per annum.
Opendoor Technologies Inc. is due to release its next quarterly earnings between March 02 and March 07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Opendoor Technologies Inc. (NASDAQ:OPEN)’s Major holders
Opendoor Technologies Inc. insiders own 16.82% of total outstanding shares while institutional holders control 66.22%, with the float percentage being 79.61%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 408 institutions own stock in it. As of Dec 30, 2021, the company held over 44.38 million shares (or 7.10% of all shares), a total value of $648.38 million in shares.
The next largest institutional holding, with 41.42 million shares, is of SB Investment Advisers (UK) LTD’s that is approximately 6.63% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $605.15 million.
Also, the Mutual Funds coming in first place with the largest holdings of Opendoor Technologies Inc. (OPEN) shares are Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund. Data provided on Dec 30, 2021 indicates that Vanguard Total Stock Market Index Fund owns about 13.06 million shares. This amounts to just over 2.09 percent of the company’s overall shares, with a $190.79 million market value. The same data shows that the other fund manager holds slightly less at 10.39 million, or about 1.66% of the stock, which is worth about $151.8 million.