In last trading session, Offerpad Solutions Inc. (NYSE:OPAD) saw 1.17 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $1.18 trading at -$0.09 or -7.09% at ring of the bell on the day assigns it a market valuation of $309.34M. That closing price of OPAD’s stock is at a discount of -980.51% from its 52-week high price of $12.75 and is indicating a discount of -3.39% from its 52-week low price of $1.22. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.99 million shares which gives us an average trading volume of 1.56 million if we extend that period to 3-months.
Offerpad Solutions Inc. (NYSE:OPAD) trade information
Upright in the red during last session for losing -7.09%, in the last five days OPAD remained trading in the red while hitting it’s week-highest on Friday, 09/16/22 when the stock touched $1.18 price level, adding 13.87% to its value on the day. Offerpad Solutions Inc.’s shares saw a change of -81.56% in year-to-date performance and have moved -14.49% in past 5-day. Offerpad Solutions Inc. (NYSE:OPAD) showed a performance of -27.61% in past 30-days. Number of shares sold short was 11.83 million shares which calculate 5.64 days to cover the short interests.
Offerpad Solutions Inc. (OPAD) estimates and forecasts
Statistics highlight that Offerpad Solutions Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -80.88% of value to its shares in past 6 months, showing an annual growth rate of -80.00% while that of industry is -11.20. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -650.00% in the current quarter and calculating -400.00% decrease in the next quarter. This year revenue growth is estimated to rise 102.90% from the last financial year’s standing.
8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $796.65 million for the same. And 8 analysts are in estimates of company making revenue of $936.43 million in the next quarter that will end on Dec 2022. Company posted $540.29 million and $867.54 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 47.40% while estimating it to be 7.90% for the next quarter.
Offerpad Solutions Inc. is more likely to be releasing its next quarterly report between November 08 and November 14 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.
Offerpad Solutions Inc. (NYSE:OPAD)’s Major holders
Insiders are in possession of 11.46% of company’s total shares while institution are holding 71.86 percent of that, with stock having share float percentage of 81.16%. Investors also watch the number of corporate investors in a company very closely, which is 71.86% institutions for Offerpad Solutions Inc. that are currently holding shares of the company. Ll Funds, Llc is the top institutional holder at OPAD for having 100.25 million shares of worth $118.29 million. And as of Jun 29, 2022, it was holding 43.18% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 7.67 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 3.31% of outstanding shares, having a total worth of $9.06 million.
On the other hand, iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Aug 30, 2022, the former fund manager was holding 1.37 million shares of worth $1.61 million or 0.59% of the total outstanding shares. The later fund manager was in possession of 1.36 million shares on Jun 29, 2022, making its stake of worth around $1.61 million in the company or a holder of 0.59% of company’s stock.