In the last trading session, 19.96 million Opendoor Technologies Inc (NASDAQ:OPEN) shares changed hands as the company’s beta touched 2.68. With the company’s per share price at $1.86 changed hands at $0.04 or 2.20% during last session, the market valuation stood at $1.31B. OPEN’s last price was a discount, traded about -162.9% off its 52-week high of $4.89. The share price had its 52-week low at $1.58, which suggests the last value was 15.05% up since then. When we look at Opendoor Technologies Inc’s average trading volume, we note the 10-day average is 30.57 million shares, with the 3-month average coming to 31.98 million.
Analysts gave the Opendoor Technologies Inc (OPEN) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.92. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended OPEN as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Opendoor Technologies Inc’s EPS for the current quarter is expected to be -0.13.
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Opendoor Technologies Inc (NASDAQ:OPEN) trade information
Instantly OPEN was in green as seen at the end of in last trading. With action -0.53%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -58.48%, with the 5-day performance at -0.53% in the red. However, in the 30-day time frame, Opendoor Technologies Inc (NASDAQ:OPEN) is -15.07% down. Looking at the short shares, we see there were 91.46 million shares sold at short interest cover period of 2.48 days.
The consensus price target for the stock as assigned by Wall Street analysts is 5.75, meaning bulls need an upside of 67.65% from its current market value. According to analyst projections, OPEN’s forecast low is 2 with 9 as the target high. To hit the forecast high, the stock’s price needs a -383.87% plunge from its current level, while the stock would need to soar -7.53% for it to hit the projected low.
Opendoor Technologies Inc (OPEN) estimates and forecasts
Data shows that the Opendoor Technologies Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -14.29% over the past 6 months, a 63.03% in annual growth rate that is considerably higher than the industry average of 19.20%. Year-over-year growth is forecast to reach -25.70% down from the last financial year.
Consensus estimates given by 11 financial analysts project the company’s revenue in the current quarter to hit an average of 1.27B. 11 analysts are of the opinion that Opendoor Technologies Inc’s revenue for the current quarter will be 1.2B. The company’s revenue for the corresponding quarters a year ago was 980M and 870M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 29.30%. The estimates for the next quarter sales put growth at 37.90%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 44.03%. The 2024 estimates are for Opendoor Technologies Inc earnings to decrease by -59.39%, but the outlook for the next 5-year period is at 14.91% per year.
OPEN Dividends
Opendoor Technologies Inc is expected to release its next quarterly earnings report in November.
Opendoor Technologies Inc (NASDAQ:OPEN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 10.39% of Opendoor Technologies Inc shares while 59.23% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 66.10%. There are 59.23% institutions holding the Opendoor Technologies Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 12.9438% of the shares, roughly 88.34 million OPEN shares worth $162.54 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 7.8073% or 53.28 million shares worth $98.04 million as of 2024-06-30.
