In the latest trading session, 7.37 million Opendoor Technologies Inc (NASDAQ:OPEN) shares changed hands as the company’s beta touched 2.81. With the company’s most recent per share price at $1.35 changed hands at -$0.04 or -2.88% at last look, the market valuation stands at $965.35M. OPEN’s current price is a discount, trading about -145.93% off its 52-week high of $3.32. The share price had its 52-week low at $1.28, which suggests the last value was 5.19% up since then.
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.
Opendoor Technologies Inc (NASDAQ:OPEN) trade information
Instantly OPEN was in red as seen in intraday trades today. With action -12.90%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -15.62%, with the 5-day performance at -12.90% in the red. However, in the 30-day time frame, Opendoor Technologies Inc (NASDAQ:OPEN) is -5.59% down.
The consensus price target for the stock as assigned by Wall Street analysts is 5.75, meaning bulls need an upside of 76.52% 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 -566.67% plunge from its current level, while the stock would need to soar -48.15% for it to hit the projected low.
Opendoor Technologies Inc (OPEN) estimates and forecasts
Year-over-year growth is forecast to reach -27.46% 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 971.53M. 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 11.67%. 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 2025 estimates are for Opendoor Technologies Inc earnings to decrease by -34.64%, but the outlook for the next 5-year period is at 2.36% per year.
Opendoor Technologies Inc (NASDAQ:OPEN)’s Major holders
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 Oct 31, 2024 were Vanguard Specialized-Real Estate Index Fund and Vanguard Total Stock Market Index Fund. With 23.13 shares estimated at $31.46 million under it, the former controlled 3.24% 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 $26.6 million.
