In the last trading session, 17.45 million Opendoor Technologies Inc (NASDAQ:OPEN) shares changed hands as the company’s beta touched 2.65. With the company’s per share price at $2.98 changed hands at -$0.15 or -4.79% during last session, the market valuation stood at $2.03B. OPEN’s last price was a discount, traded about -81.54% off its 52-week high of $5.41. The share price had its 52-week low at $1.25, which suggests the last value was 58.05% up since then. When we look at Opendoor Technologies Inc’s average trading volume, we note the 10-day average is 21.25 million shares, with the 3-month average coming to 20.46 million.
Opendoor Technologies Inc (NASDAQ:OPEN) trade information
Instantly OPEN was in red as seen at the end of in last trading. With action 11.61%, the performance over the past five days has been green. The drop to weekly highs of 3.18 subtracted -4.79% to the stock’s daily price. The company’s shares are showing year-to-date downside of -33.48%, with the 5-day performance at 11.61% in the green. However, in the 30-day time frame, Opendoor Technologies Inc (NASDAQ:OPEN) is 0.34% up. Looking at the short shares, we see there were 73.35 million shares sold at short interest cover period of 3.54 days.
Opendoor Technologies Inc (OPEN) estimates and forecasts
Data shows that the Opendoor Technologies Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 16.86% over the past 6 months, a 50.42% in annual growth rate that is considerably higher than the industry average of 18.80%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Opendoor Technologies Inc will rise 75.00%, while the growth in revenue is estimated to hit 56.70% for the next quarter. Year-over-year growth is forecast to reach -16.10% down from the last financial year.
Consensus estimates given by 11 financial analysts project the company’s revenue in the current quarter to hit an average of $1.09 billion. 11 analysts are of the opinion that Opendoor Technologies Inc’s revenue for the quarter ending Jun 2024 will be $1.5 billion. The company’s revenue for the corresponding quarters a year ago was $3.12 billion and $1.98 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -65.20%. The estimates for the next quarter sales put growth at -24.30%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 44.03%. The 2024 estimates are for Opendoor Technologies Inc earnings to decrease by -75.55%, 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 between May 02 and May 06.
Opendoor Technologies Inc (NASDAQ:OPEN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 11.00% of Opendoor Technologies Inc shares while 61.05% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 68.60%. There are 61.05% 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.
