In the last trading session, 16.15 million Opendoor Technologies Inc (NASDAQ:OPEN) shares changed hands as the company’s beta touched 2.41. With the company’s per share price at $2.45 changed hands at $0.07 or 2.94% during last session, the market valuation stood at $1.64B. OPEN’s last price was a discount, traded about -120.82% off its 52-week high of $5.41. The share price had its 52-week low at $0.92, which suggests the last value was 62.45% up since then. When we look at Opendoor Technologies Inc’s average trading volume, we note the 10-day average is 20.75 million shares, with the 3-month average coming to 16.94 million.
Analysts gave the Opendoor Technologies Inc (OPEN) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 2.92. If we narrow down to specifics, the data shows that 2 out of 12 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 6 recommended OPEN as a Hold, 3 felt it is a Buy and 1 rated the stock as Underweight. Opendoor Technologies Inc’s EPS for the current quarter is expected to be -$0.18.
Opendoor Technologies Inc (NASDAQ:OPEN) trade information
Instantly OPEN was in green as seen at the end of in last trading. With action 17.79%, the performance over the past five days has been green. The jump to weekly highs of 2.58 on Friday, 11/17/23 added 2.94% to the stock’s daily price. The company’s shares are showing year-to-date upside of 111.21%, with the 5-day performance at 17.79% in the green. However, in the 30-day time frame, Opendoor Technologies Inc (NASDAQ:OPEN) is 11.36% up. Looking at the short shares, we see there were 73.27 million shares sold at short interest cover period of 5.19 days.
The consensus price target for the stock as assigned by Wall Street analysts is $2.24, meaning bulls need a downside of -9.37% from its current market value. According to analyst projections, OPEN’s forecast low is $1.00 with $3.50 as the target high. To hit the forecast high, the stock’s price needs a -42.86% plunge from its current level, while the stock would need to tank 59.18% for it to hit the projected low.
Opendoor Technologies Inc (OPEN) estimates and forecasts
Data shows that the Opendoor Technologies Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 1.66% over the past 6 months, a -31.52% in annual growth rate that is considerably lower than the industry average of 12.00%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Opendoor Technologies Inc will rise 71.40%, while the growth in revenue is estimated to hit 76.60% for the next quarter. Year-over-year growth is forecast to reach -55.40% down from the last financial year.
Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of $928.33 million. 8 analysts are of the opinion that Opendoor Technologies Inc’s revenue for the quarter ending Mar 2024 will be $1.28 billion. The company’s revenue for the corresponding quarters a year ago was $2.86 billion and $3.12 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -67.50%. The estimates for the next quarter sales put growth at -59.00%.
The 2023 estimates are for Opendoor Technologies Inc earnings to increase by 75.21%, but the outlook for the next 5-year period is at 5.20% per year.
Opendoor Technologies Inc is expected to release its next quarterly earnings report on November 02.