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Is Opendoor Technologies Inc (NASDAQ: OPEN) the next life-changing stock to watch out for?

In the last trading session, 16.2 million Opendoor Technologies Inc (NASDAQ:OPEN) shares changed hands as the company’s beta touched 2.73. With the company’s per share price at $3.51 changed hands at $0.18 or 5.41% during last session, the market valuation stood at $2.35B. OPEN’s last price was a discount, traded about -54.13% off its 52-week high of $5.41. The share price had its 52-week low at $1.10, which suggests the last value was 68.66% up since then. When we look at Opendoor Technologies Inc’s average trading volume, we note the 10-day average is 19.53 million shares, with the 3-month average coming to 0.78.

Opendoor Technologies Inc (NASDAQ:OPEN) trade information

Instantly OPEN was in green as seen at the end of in last trading. With action 0.29%, the performance over the past five days has been green. The jump to weekly highs of 3.51 added 5.41% to the stock’s daily price. The company’s shares are showing year-to-date downside of -21.65%, with the 5-day performance at 0.29% in the green. However, in the 30-day time frame, Opendoor Technologies Inc (NASDAQ:OPEN) is -4.62% down. Looking at the short shares, we see there were 71.5 million shares sold at short interest cover period of 3.47 days.

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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 1.15% over the past 6 months, a -31.52% in annual growth rate that is considerably lower than the industry average of 8.60%.

The 2024 estimates are for Opendoor Technologies Inc earnings to increase by 71.98%, but the outlook for the next 5-year period is at 5.20% per year.

OPEN Dividends

Opendoor Technologies Inc is expected to release its next quarterly earnings report on February 15.

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

If we look at who the major shareholders are, we find that insiders hold 11.04% of Opendoor Technologies Inc shares while 62.20% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 69.92%. There are 62.20% institutions holding the Opendoor Technologies Inc stock share, with Vanguard Group Inc the top institutional holder. As of Jun 29, 2023, the company held 11.30% of the shares, roughly 74.48 million OPEN shares worth $299.42 million.

Blackrock Inc. holds the second largest percentage of outstanding shares, with 7.46% or 49.19 million shares worth $197.75 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jul 30, 2023 were Vanguard Specialized-Real Estate Index Fund and Vanguard Total Stock Market Index Fund. With 21.67 million shares estimated at $110.73 million under it, the former controlled 3.29% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.48% of the shares, roughly 16.34 million shares worth around $65.68 million.

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