During the recent session, Opendoor Technologies Inc (NASDAQ:OPEN)’s traded shares were 7.7 million, with the beta value of the company hitting 2.81. At the last check today, the stock’s price was $1.45, reflecting an intraday loss of -1.36% or -$0.02. The 52-week high for the OPEN share is $3.48, that puts it down -140.0 from that peak though still a striking 11.72% gain since the share price plummeted to a 52-week low of $1.28. The company’s market capitalization is $1.04B, and the average intraday trading volume over the past 10 days was 34.76 million shares, and the average trade volume was 39.77 million shares over the past three months.
Opendoor Technologies Inc (OPEN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.92. OPEN has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.14.
Opendoor Technologies Inc (NASDAQ:OPEN) trade information
Opendoor Technologies Inc (OPEN) registered a -1.36% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -1.36% in intraday trading to $1.45, hitting a weekly high. The stock’s 5-day price performance is 4.32%, and it has moved by 5.84% in 30 days. Based on these gigs, the overall price performance for the year is -59.27%. The short interest in Opendoor Technologies Inc (NASDAQ:OPEN) is 68.36 million shares and it means that shorts have 1.66 day(s) to cover.
The consensus price target of analysts on Wall Street is $5.75, which implies an increase of 74.78% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2 and $9 respectively. As a result, OPEN is trading at a discount of -520.69% off the target high and -37.93% off the low.
Opendoor Technologies Inc (OPEN) estimates and forecasts
In the rating firms’ projections, revenue will decrease -27.46% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 971.53M as predicted by 9 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 1.33B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 870M and 1.18B respectively. In this case, analysts expect current quarter sales to grow by 11.67% and then jump by 13.03% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 44.03%. While earnings are projected to return -34.64% in 2025, the next five years will return 2.36% per annum.
OPEN Dividends
Opendoor Technologies Inc is due to release its next quarterly earnings in March. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Opendoor Technologies Inc (NASDAQ:OPEN)’s Major holders
The next largest institutional holding, with 53.28 million shares, is of BLACKROCK INC.’s that is approximately 7.8073% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $98.04 million.
Also, the Mutual Funds coming in first place with the largest holdings of Opendoor Technologies Inc (OPEN) shares are Vanguard Specialized-Real Estate Index Fund and Vanguard Total Stock Market Index Fund. Data provided on Oct 31, 2024 indicates that Vanguard Specialized-Real Estate Index Fund owns about 23.13 shares. This amounts to just over 3.24 percent of the company’s overall shares, with a $33.66 million market value. The same data shows that the other fund manager holds slightly less at 19.56, or about 2.74% of the stock, which is worth about $28.46 million.
