Opendoor Technologies Inc (NASDAQ: OPEN) Shares Are Heading Higher

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In today’s recent session, 3.49 million shares of the Opendoor Technologies Inc (NASDAQ:OPEN) have been traded, and its beta is 2.70. Most recently the company’s share price was $1.87, and it changed around -$0.02 or -1.06% from the last close, which brings the market valuation of the company to $1.29B. OPEN at last check was trading at a discount to its 52-week high of $5.41, offering almost -189.3% off that amount. The share price’s 52-week low was $1.80, which indicates that the recent value has risen by an impressive 3.74% since then. We note from Opendoor Technologies Inc’s average daily trading volume that its 3-month average coming to 15.47 million.

Opendoor Technologies Inc (NASDAQ:OPEN) trade information

Instantly OPEN has been showing red trend so far today with a performance of -1.06% on intraday trading today. The performance over the last five days has remained in the red territory. The company’s shares are currently down -58.26% year-to-date, but still down -9.22% over the last five days. On the other hand, Opendoor Technologies Inc (NASDAQ:OPEN) is -15.00% down in the 30-day period.

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The consensus price target as assigned by Wall Street analysts is $5.63, which translates to bulls needing to increase their stock price by 66.79% from its current value. Analyst projections state that OPEN is forecast to be at a low of $2 and a high of $9.

Opendoor Technologies Inc (OPEN) estimates and forecasts

Opendoor Technologies Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -53.48 percent over the past six months and at a 64.71% annual growth rate that is well above the industry average of 14.40%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 44.03%. Opendoor Technologies Inc earnings are expected to increase by -43.69% in 2024, but the outlook is positive 5.20% per year for the next five years.

OPEN Dividends

Opendoor Technologies Inc’s next quarterly earnings report is expected to be released in July.