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Opendoor Technologies Inc. (NASDAQ:OPEN) -24.42% Down Over Last Week, What Happens Next?

In last trading session, Opendoor Technologies Inc. (NASDAQ:OPEN) saw 34.45 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $3.25 trading at -$0.31 or -8.71% at ring of the bell on the day assigns it a market valuation of $2.11B. That closing price of OPEN’s stock is at a discount of -679.38% from its 52-week high price of $25.33 and is indicating a discount of -8.0% from its 52-week low price of $3.51. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 17.13 million shares which gives us an average trading volume of 17.11 million if we extend that period to 3-months.

Opendoor Technologies Inc. (NASDAQ:OPEN) trade information

Upright in the red during last session for losing -8.71%, in the last five days OPEN remained trading in the red while hitting it’s week-highest on Thursday, 09/15/22 when the stock touched $3.25 price level, adding 27.46% to its value on the day. Opendoor Technologies Inc.’s shares saw a change of -77.75% in year-to-date performance and have moved -24.42% in past 5-day. Opendoor Technologies Inc. (NASDAQ:OPEN) showed a performance of -31.58% in past 30-days. Number of shares sold short was 71.03 million shares which calculate 4.41 days to cover the short interests.

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Opendoor Technologies Inc. (OPEN) estimates and forecasts

Statistics highlight that Opendoor Technologies Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -65.02% of value to its shares in past 6 months, showing an annual growth rate of 20.00% while that of industry is 13.40. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 150.00% in the current quarter and calculating 22.20% increase in the next quarter. This year revenue growth is estimated to rise 123.90% from the last financial year’s standing.

13 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $4.19 billion for the same. And 12 analysts are in estimates of company making revenue of $4.26 billion in the next quarter that will end on Sep 2022.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -67.40% during past 5 years. In 2022, company’s earnings growth rate is likely to be around -138.80% while estimates for its earnings growth in next 5 years are of 5.20%.

OPEN Dividends

Opendoor Technologies Inc. is more likely to be releasing its next quarterly report between March 02 and March 07 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

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

Insiders are in possession of 16.79% of company’s total shares while institution are holding 70.04 percent of that, with stock having share float percentage of 84.17%. Investors also watch the number of corporate investors in a company very closely, which is 70.04% institutions for Opendoor Technologies Inc. that are currently holding shares of the company. Price (T.Rowe) Associates Inc is the top institutional holder at OPEN for having 45.27 million shares of worth $391.61 million. And as of Mar 30, 2022, it was holding 7.25% of the company’s outstanding shares.

The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 44.01 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 7.04% of outstanding shares, having a total worth of $380.71 million.

On the other hand, Price (T.Rowe) Blue Chip Growth Fund Inc. and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Mar 30, 2022, the former fund manager was holding 14.08 million shares of worth $121.76 million or 2.25% of the total outstanding shares. The later fund manager was in possession of 10.79 million shares on Mar 30, 2022, making its stake of worth around $93.33 million in the company or a holder of 1.73% of company’s stock.

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