Opendoor Technologies Inc (NASDAQ:OPEN)’s traded shares stood at 23.9 million during the last session, with the company’s beta value hitting 2.64. At the close of trading, the stock’s price was $3.03, to imply an increase of 2.71% or $0.08 in intraday trading. The OPEN share’s 52-week high remains $5.41, putting it -78.55% down since that peak but still an impressive 58.75% since price per share fell to its 52-week low of $1.25. The company has a valuation of $2.06B, with an average of 20.91 million shares in intraday trading volume over the past 10 days and average of 20.08 million shares over the past 3 months.
Opendoor Technologies Inc (NASDAQ:OPEN) trade information
After registering a 2.71% upside in the last session, Opendoor Technologies Inc (OPEN) has traded red over the past five days. The stock hit a weekly high of 3.23, jumping 2.71% in its intraday price action. The 5-day price performance for the stock is -3.19%, and 0.00% over 30 days. With these gigs, the year-to-date price performance is -32.37%. Short interest in Opendoor Technologies Inc (NASDAQ:OPEN) saw shorts transact 77.12 million shares and set a 3.69 days time to cover.
Opendoor Technologies Inc (OPEN) estimates and forecasts
Looking at statistics comparing Opendoor Technologies Inc share performance against respective industry, we note that the company has outperformed competitors. Opendoor Technologies Inc (OPEN) shares are 18.82% up over the last 6 months, with its year-to-date growth rate higher than industry average at 50.42% against 16.90%. Revenue is forecast to grow 75.00% this quarter before jumping 56.70% for the next one. The rating firms project that company’s revenue will shrink -16.10% compared to the previous financial year.
Revenue forecast for the current quarter as set by 11 analysts is $1.09 billion. Meanwhile, for the quarter ending Jun 2024, a total of 11 analyst(s) estimate revenue growth to $1.5 billion.Earnings reports from the last fiscal year show that sales brought in $3.12 billion and $1.98 billion respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -65.20% before dropping -24.30% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 44.03% for the past 5-year period. While 2024 is set for a -75.55% return in earnings, projections for the next 5 years are at 5.20% annually.
OPEN Dividends
Opendoor Technologies Inc has its next earnings report out between May 02 and May 06. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Opendoor Technologies Inc has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
