Opendoor Technologies Inc (NASDAQ:OPEN) has a beta value of 2.69 and has seen 39.58 million shares traded in the last trading session. The company, currently valued at $1.31B, closed the last trade at $1.87 per share which meant it gained $0.11 on the day or 6.25% during that session. The OPEN stock price is -161.5% off its 52-week high price of $4.89 and 15.51% above the 52-week low of $1.58. If we look at the company’s 10-day average daily trading volume, we find that it stood at 34.41 million shares traded. The 3-month trading volume is 32.69 million shares.
The consensus among analysts is that Opendoor Technologies Inc (OPEN) is Buy stock at the moment, with a recommendation rating of 2.92. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 3 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.13.
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Opendoor Technologies Inc (NASDAQ:OPEN) trade information
Sporting 6.25% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the OPEN stock price touched $1.87 or saw a rise of 5.56%. Year-to-date, Opendoor Technologies Inc shares have moved -58.26%, while the 5-day performance has seen it change -6.03%. Over the past 30 days, the shares of Opendoor Technologies Inc (NASDAQ:OPEN) have changed -14.61%. Short interest in the company has seen 91.46 million shares shorted with days to cover at 2.48.
Wall Street analysts have a consensus price target for the stock at $5.75, which means that the shares’ value could jump 67.48% from current levels. The projected low price target is $2.0 while the price target rests at a high of $9.0. In that case, then, we find that the current price level is -381.28% off the targeted high while a plunge would see the stock gain -6.95% from current levels.
Opendoor Technologies Inc (OPEN) estimates and forecasts
Figures show that Opendoor Technologies Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -20.09% over the past 6 months, with this year growth rate of 63.03%, compared to 18.40% for the industry. Revenue growth from the last financial year stood is estimated to be -25.70%.
11 analysts offering their estimates for the company have set an average revenue estimate of 1.27B for the current quarter. 11 have an estimated revenue figure of 1.2B for the next ending quarter. Year-ago sales stood 980M and 870M respectively for this quarter and the next, and analysts expect sales will grow by 29.30% for the current quarter and -25.70% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 44.03% over the past 5 years. Earnings growth for 2024 is a modest -59.39% while over the next 5 years, the company’s earnings are expected to increase by 14.91%.
OPEN Dividends
Opendoor Technologies Inc is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Opendoor Technologies Inc (NASDAQ:OPEN)’s Major holders
Insiders own 10.39% of the company shares, while shares held by institutions stand at 59.23% with a share float percentage of 66.10%. Investors are also buoyed by the number of investors in a company, with Opendoor Technologies Inc having a total of 386.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 88.34 million shares worth more than $162.54 million. As of 2024-06-30, VANGUARD GROUP INC held 12.9438% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 53.28 million shares as of 2024-06-30. The firm’s total holdings are worth over $98.04 million and represent 7.8073% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Specialized-Real Estate Index Fund and Vanguard Total Stock Market Index Fund . As of Jul 31, 2024 , the former fund manager holds about 3.29% shares in the company for having 23.13 shares of worth $43.25 million while later fund manager owns 19.54 shares of worth $36.54 million as of Jun 30, 2024 , which makes it owner of about 2.78% of company’s outstanding stock.
