Opendoor Technologies Inc (NASDAQ:OPEN)’s traded shares stood at 4.75 million during the latest session, with the company’s beta value hitting 2.69. At the last check today, the stock’s price was $1.75, to imply an increase of 1.45% or $0.02 in intraday trading. The OPEN share’s 52-week high remains $4.89, putting it -179.43% down since that peak but still an impressive 9.71% since price per share fell to its 52-week low of $1.58. The company has a valuation of $1.23B, with an average of 26.44 million shares in intraday trading volume over the past 10 days and average of 31.74 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Opendoor Technologies Inc (OPEN), translating to a mean rating of 2.92. Of 3 analyst(s) looking at the stock, 0 analyst(s) give OPEN a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.13.
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Opendoor Technologies Inc (NASDAQ:OPEN) trade information
After registering a 1.45% upside in the latest session, Opendoor Technologies Inc (OPEN) has traded red over the past five days. The 5-day price performance for the stock is -3.57%, and -12.25% over 30 days. With these gigs, the year-to-date price performance is -60.83%. Short interest in Opendoor Technologies Inc (NASDAQ:OPEN) saw shorts transact 91.46 million shares and set a 2.48 days time to cover.
The extremes give us $2 and $9 for target low and target high price respectively. As such, OPEN has been trading -414.29% off suggested target high and -14.29% from its likely low.
Opendoor Technologies Inc (OPEN) estimates and forecasts
Looking at statistics comparing Opendoor Technologies Inc share performance against respective industry, we note that the company has outperformed competitors. Opendoor Technologies Inc (OPEN) shares are -15.22% down over the last 6 months, with its year-to-date growth rate higher than industry average at 63.03% against 18.90%. Revenue is forecast to shrink -18.20% this quarter before jumping 14.30% for the next one. The rating firms project that company’s revenue will shrink -25.70% compared to the previous financial year.
Revenue forecast for the current quarter as set by 11 analysts is 1.27B. Meanwhile, for the current quarter, a total of 11 analyst(s) estimate revenue growth to 1.2B.Earnings reports from the last fiscal year show that sales brought in 980M and 870M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 29.30% before jumping 37.90% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 44.03% for the past 5-year period. While 2024 is set for a -59.39% return in earnings, projections for the next 5 years are at 14.91% annually.
OPEN Dividends
Opendoor Technologies Inc has its next earnings report out on 2024-Nov-07. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Opendoor Technologies Inc (NASDAQ:OPEN)’s Major holders
Opendoor Technologies Inc insiders hold 10.39% of total outstanding shares, with institutional holders owning 59.21% of the shares at 66.08% float percentage. In total, 59.21% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 88.34 million shares (or 12.9438% of shares), all amounting to roughly $162.54 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 53.28 million shares, or about 7.8073% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $98.04 million.
We also have Vanguard Specialized-Real Estate Index Fund and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Opendoor Technologies Inc (OPEN) shares. Going by data provided on Jul 31, 2024, Vanguard Specialized-Real Estate Index Fund holds roughly 23.13 shares. This is just over 3.29% of the total shares, with a market valuation of $41.05 million. Data from the same date shows that the other fund manager holds a little less at 19.54, or 2.78% of the shares, all valued at about 34.68 million.
