In today’s recent session, 7.32 million shares of the Opendoor Technologies Inc (NASDAQ:OPEN) have been traded, and its beta is 2.84. Most recently the company’s share price was $1.42, and it changed around -$0.02 or -1.04% from the last close, which brings the market valuation of the company to $1.02B. OPEN at last check was trading at a discount to its 52-week high of $3.78, offering almost -166.2% off that amount. The share price’s 52-week low was $1.33, which indicates that the recent value has risen by an impressive 6.34% since then. We note from Opendoor Technologies Inc’s average daily trading volume that its 10-day average is 47.85 million shares, with the 3-month average coming to 38.42 million.
Opendoor Technologies Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.92. If we narrow it down even further, the data shows that 0 out of 11 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 7 recommended OPEN as a Hold, whereas 0 deemed it a Buy, and 2 rated it as Underweight. Opendoor Technologies Inc is expected to report earnings per share of -0.14 for the current quarter.
Opendoor Technologies Inc (NASDAQ:OPEN) trade information
Instantly OPEN has been showing red trend so far today with a performance of -1.04% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.6200 on recent trading dayincreased the stock’s daily price by 12.35%. The company’s shares are currently down -10.94% year-to-date, but still up 3.26% over the last five days. On the other hand, Opendoor Technologies Inc (NASDAQ:OPEN) is -25.39% down in the 30-day period. We can see from the shorts that 78.04 million shares have been sold at a short interest cover period of 2.19 day(s).
The consensus price target as assigned by Wall Street analysts is $5.75, which translates to bulls needing to increase their stock price by 75.3% from its current value. Analyst projections state that OPEN is forecast to be at a low of $2 and a high of $9.
Opendoor Technologies Inc (OPEN) estimates and forecasts
Opendoor Technologies Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -41.84 percent over the past six months and at a 67.23% annual growth rate that is well above the industry average of 16.00%. The year-over-year growth rate is expected to be -27.46%, down from the previous year.
Consensus estimates provided by 9 financial analysts predict the company will bring in an average of 971.53M in revenue for the current quarter. 6 analysts expect Opendoor Technologies Inc to make 1.33B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 870M and 1.18B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 11.67%. Forecasts for the next quarter put sales growth at 13.03%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 44.03%. Opendoor Technologies Inc earnings are expected to increase by -34.64% in 2025, but the outlook is positive 14.91% per year for the next five years.
OPEN Dividends
Opendoor Technologies Inc’s next quarterly earnings report is expected to be released in February.
Opendoor Technologies Inc (NASDAQ:OPEN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 10.56% of Opendoor Technologies Inc shares, and 54.97% of them are in the hands of institutional investors. The stock currently has a share float of 61.46%. Opendoor Technologies Inc stock is held by 367.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 12.9438% of the shares, which is about 88.34 million shares worth $162.54 million.
BLACKROCK INC., with 7.8073% or 53.28 million shares worth $98.04 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Specialized-Real Estate Index Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Oct 31, 2024 . The former held 23.13 shares worth $33.51 million, making up 3.24% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 19.56 shares worth around $28.34 million, which represents about 2.74% of the total shares outstanding.
