In the latest trading session, 6.94 million Opendoor Technologies Inc (NASDAQ:OPEN) shares changed hands as the company’s beta touched 2.83. With the company’s most recent per share price at $1.63 changed hands at -$0.06 or -3.55% at last look, the market valuation stands at $1.18B. OPEN’s current price is a discount, trading about -196.93% off its 52-week high of $4.84. The share price had its 52-week low at $1.52, which suggests the last value was 6.75% up since then. When we look at Opendoor Technologies Inc’s average trading volume, we note the 10-day average is 32.85 million shares, with the 3-month average coming to 35.97 million.
Analysts gave the Opendoor Technologies Inc (OPEN) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.91. 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 -0.14.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Opendoor Technologies Inc (NASDAQ:OPEN) trade information
Instantly OPEN was in red as seen in intraday trades today. With action -15.10%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -63.62%, with the 5-day performance at -15.10% in the red. However, in the 30-day time frame, Opendoor Technologies Inc (NASDAQ:OPEN) is -4.12% down. Looking at the short shares, we see there were 70.56 million shares sold at short interest cover period of 1.68 days.
The consensus price target for the stock as assigned by Wall Street analysts is 5.75, meaning bulls need an upside of 71.65% from its recent 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 -452.15% plunge from its current level, while the stock would need to soar -22.7% 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 -7.39% over the past 6 months, a 63.87% in annual growth rate that is considerably higher than the industry average of 16.10%. Year-over-year growth is forecast to reach -27.28% down from the last financial year.
Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of 965.35M. 6 analysts are of the opinion that Opendoor Technologies Inc’s revenue for the current quarter will be 1.33B. The company’s revenue for the corresponding quarters a year ago was 870M and 1.18B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 10.96%. The estimates for the next quarter sales put growth at 13.03%.
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 -35.65%, 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 January.
Opendoor Technologies Inc (NASDAQ:OPEN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 10.56% of Opendoor Technologies Inc shares while 55.43% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 61.97%. There are 55.43% 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.
Among Mutual Funds, the top two as of Jul 31, 2024 were Vanguard Specialized-Real Estate Index Fund and Vanguard Total Stock Market Index Fund. With 23.13 shares estimated at $37.9 million under it, the former controlled 3.23% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.74% of the shares, roughly 19.56 shares worth around $32.06 million.
