In last trading session, Opendoor Technologies Inc (NASDAQ:OPEN) saw 21.08 million shares changing hands with its beta currently measuring 2.68. Company’s recent per share price level of $1.96 trading at $0.07 or 3.70% at ring of the bell on the day assigns it a market valuation of $1.38B. That closing price of OPEN’s stock is at a discount of -149.49% from its 52-week high price of $4.89 and is indicating a premium of 19.39% from its 52-week low price of $1.58. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 34.0 million shares which gives us an average trading volume of 32.71 million if we extend that period to 3-months.
For Opendoor Technologies Inc (OPEN), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.92. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.13 in the current quarter.
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Opendoor Technologies Inc (NASDAQ:OPEN) trade information
Upright in the green during last session for gaining 3.70%, in the last five days OPEN remained trading in the green while hitting it’s week-highest on Wednesday, 10/16/24 when the stock touched $1.96 price level, adding 0.51% to its value on the day. Opendoor Technologies Inc’s shares saw a change of -56.25% in year-to-date performance and have moved 7.69% in past 5-day. Opendoor Technologies Inc (NASDAQ:OPEN) showed a performance of -16.95% in past 30-days. Number of shares sold short was 91.46 million shares which calculate 2.48 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 5.75 to the stock, which implies a rise of 65.91% to its current value. Analysts have been projecting 2 as a low price target for the stock while placing it at a high target of 9. It follows that stock’s current price would drop -2.04% in reaching the projected high whereas dropping to the targeted low would mean a loss of -2.04% for stock’s current value.
Opendoor Technologies Inc (OPEN) estimates and forecasts
Statistics highlight that Opendoor Technologies Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -9.26% of value to its shares in past 6 months, showing an annual growth rate of 63.03% while that of industry is 18.90. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -25.70% from the last financial year’s standing.
11 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.27B for the same. And 11 analysts are in estimates of company making revenue of 1.2B in the next quarter. Company posted 980M and 870M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 44.03% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -59.39% while estimates for its earnings growth in next 5 years are of 14.91%.
Opendoor Technologies Inc (NASDAQ:OPEN)’s Major holders
Insiders are in possession of 10.39% of company’s total shares while institution are holding 59.23 percent of that, with stock having share float percentage of 66.09%. Investors also watch the number of corporate investors in a company very closely, which is 59.23% institutions for Opendoor Technologies Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at OPEN for having 88.34 million shares of worth $162.54 million. And as of 2024-06-30, it was holding 12.9438 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 53.28 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.8073 of outstanding shares, having a total worth of $98.04 million.
