During the last session, Opendoor Technologies Inc (NASDAQ:OPEN)’s traded shares were 41.56 million, with the beta value of the company hitting 2.81. The 52-week high for the OPEN share is $3.23, that puts it down -169.17 from that peak though still a striking 10.83% gain since the share price plummeted to a 52-week low of $1.07. The company’s market capitalization is $868.22M, and the average intraday trading volume over the past 10 days was 38.33 million shares, and the average trade volume was 42.58 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 2.91. 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 -0.1.
Opendoor Technologies Inc (NASDAQ:OPEN) trade information
The stock’s 5-day price performance is 0.84%, and it has moved by -19.46% in 30 days. Based on these gigs, the overall price performance for the year is -59.73%. The short interest in Opendoor Technologies Inc (NASDAQ:OPEN) is 70.07 million shares and it means that shorts have 1.41 day(s) to cover.
The consensus price target of analysts on Wall Street is $5.75, which implies an increase of 79.13% 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 -650.0% off the target high and -66.67% off the low.
Opendoor Technologies Inc (OPEN) estimates and forecasts
In the rating firms’ projections, revenue will increase 1.80% 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 1.06B as predicted by 10 analyst(s). Meanwhile, a consensus of 10 analyst(s) estimates revenue growth to 1.45B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 1.18B and 1.51B respectively. In this case, analysts expect current quarter sales to shrink by -10.33% and then drop by -3.87% 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 33.36%. While earnings are projected to return 25.55% in 2025, the next five years will return 19.93% per annum.
OPEN Dividends
Opendoor Technologies Inc is due to release its next quarterly earnings on 2025-Feb-26. 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
Opendoor Technologies Inc insiders own 10.46% of total outstanding shares while institutional holders control 52.73%, with the float percentage being 58.89%. VANGUARD GROUP INC is the largest shareholder of the company, while 366.0 institutions own stock in it. As of 2024-06-30, the company held over 88.34 million shares (or 12.9438% of all shares), a total value of $162.54 million in shares.
The next largest institutional holding, with 53.28 million shares, is of BLACKROCK INC.’s that is approximately 7.6836% 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 Real Estate Index Fund and Vanguard Total Stock Market Index Fund . Data provided on Oct 31, 2024 indicates that Vanguard Real Estate Index Fund owns about 23.13 shares. This amounts to just over 3.20 percent of the company’s overall shares, with a $27.76 million market value. The same data shows that the other fund manager holds slightly less at 18.53, or about 2.56% of the stock, which is worth about $22.23 million.
