Offerpad Solutions Inc (NYSE:OPAD)’s traded shares stood at 0.13 million during the last session, with the company’s beta value hitting 2.10. At the close of trading, the stock’s price was $1.25, to imply an increase of 6.84% or $0.08 in intraday trading. The OPAD share’s 52-week high remains $5.13, putting it -310.4% down since that peak but still an impressive 27.2% since price per share fell to its 52-week low of $0.91. The company has a valuation of $34.64M, with an average of 0.2 million shares in intraday trading volume over the past 10 days and average of 69.14K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Offerpad Solutions Inc (OPAD), translating to a mean rating of 3.00. Of 3 analyst(s) looking at the stock, 0 analyst(s) give OPAD a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.38.
Offerpad Solutions Inc (NYSE:OPAD) trade information
After registering a 6.84% upside in the last session, Offerpad Solutions Inc (OPAD) has traded red over the past five days. The 5-day price performance for the stock is 34.41%, and 26.26% over 30 days. With these gigs, the year-to-date price performance is -72.89%. Short interest in Offerpad Solutions Inc (NYSE:OPAD) saw shorts transact 1.24 million shares and set a 36.5 days time to cover.
The extremes give us $3.75 and $82.91 for target low and target high price respectively. As such, OPAD has been trading -6532.8% off suggested target high and -200.0% from its likely low.
Offerpad Solutions Inc (OPAD) estimates and forecasts
The rating firms project that company’s revenue will shrink -13.37% compared to the previous financial year.
Revenue forecast for the current quarter as set by 4 analysts is 178.91M. Meanwhile, for the current quarter, a total of 4 analyst(s) estimate revenue growth to 229.53M.Earnings reports from the last fiscal year show that sales brought in 251.12M and 208.07M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -28.76% before jumping 10.32% in the following quarter.
OPAD Dividends
Offerpad Solutions Inc has its next earnings report out on 2025-May-05. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Offerpad Solutions Inc (NYSE:OPAD)’s Major holders
Offerpad Solutions Inc insiders hold 16.57% of total outstanding shares, with institutional holders owning 63.72% of the shares at 76.37% float percentage. In total, 63.72% institutions holds shares in the company, led by LL FUNDS, LLC. As of 2024-06-30, the company held over 6.68 million shares (or 24.4461% of shares), all amounting to roughly $29.54 million.
The next major institution holding the largest number of shares is FIRST AMERICAN FINANCIAL CORP with 5.12 million shares, or about 18.6939% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $22.63 million.
