During the recent session, Opendoor Technologies Inc (NASDAQ:OPEN)’s traded shares were 15.82 million, with the beta value of the company hitting 2.70. At the last check today, the stock’s price was $2.08, reflecting an intraday loss of -3.04% or -$0.06. The 52-week high for the OPEN share is $4.89, that puts it down -135.1 from that peak though still a striking 24.04% gain since the share price plummeted to a 52-week low of $1.58. The company’s market capitalization is $1.46B, and the average intraday trading volume over the past 10 days was 36.51 million shares, and the average trade volume was 22.65 million shares over the past three months.
Opendoor Technologies Inc (OPEN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.92. OPEN has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.14.
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Opendoor Technologies Inc (NASDAQ:OPEN) trade information
Opendoor Technologies Inc (OPEN) registered a -3.04% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -3.04% in intraday trading to $2.08, hitting a weekly high. The stock’s 5-day price performance is 2.72%, and it has moved by -10.56% in 30 days. Based on these gigs, the overall price performance for the year is -44.67%. The short interest in Opendoor Technologies Inc (NASDAQ:OPEN) is 86.14 million shares and it means that shorts have 3.23 day(s) to cover.
The consensus price target of analysts on Wall Street is $5.75, which implies an increase of 63.83% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2 and $9 respectively. As a result, OPEN is trading at a discount of -332.69% off the target high and 3.85% off the low.
Opendoor Technologies Inc (OPEN) estimates and forecasts
Statistics show that Opendoor Technologies Inc has outperformed its competitors in share price, compared to the industry in which it operates. Opendoor Technologies Inc (OPEN) shares have gone down -32.63% during the last six months, with a year-to-date growth rate more than the industry average at 63.03% against 16.80. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -27.30% this quarter and then jump 7.10% in the quarter after that. In the rating firms’ projections, revenue will decrease -25.70% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.27B as predicted by 11 analyst(s). Meanwhile, a consensus of 11 analyst(s) estimates revenue growth to 1.2B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 980M and 870M respectively. In this case, analysts expect current quarter sales to grow by 29.30% and then jump by 37.90% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 44.03%. While earnings are projected to return -59.39% in 2024, the next five years will return 5.20% per annum.
OPEN Dividends
Opendoor Technologies Inc is due to release its next quarterly earnings on 2024-Oct-31. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Opendoor Technologies Inc (NASDAQ:OPEN)’s Major holders
Opendoor Technologies Inc insiders own 10.38% of total outstanding shares while institutional holders control 59.20%, with the float percentage being 66.06%. VANGUARD GROUP INC is the largest shareholder of the company, while 388.0 institutions own stock in it. As of 2024-06-30, the company held over 88.34 million shares (or 12.9438% of all shares), a total value of $162.54 million in shares.
The next largest institutional holding, with 53.28 million shares, is of BLACKROCK INC.’s that is approximately 7.8073% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $98.04 million.
Also, the Mutual Funds coming in first place with the largest holdings of Opendoor Technologies Inc (OPEN) shares are Vanguard Specialized-Real Estate Index Fund and Vanguard Total Stock Market Index Fund . Data provided on Apr 30, 2024 indicates that Vanguard Specialized-Real Estate Index Fund owns about 21.9 shares. This amounts to just over 3.11 percent of the company’s overall shares, with a $45.53 million market value. The same data shows that the other fund manager holds slightly less at 18.93, or about 2.69% of the stock, which is worth about $39.37 million.
