In the last trading session, 25.61 million Offerpad Solutions Inc (NYSE:OPAD) shares changed hands as the company’s beta touched 2.18. With the company’s per share price at $3.11 changed hands at $0.97 or 45.33% during last session, the market valuation stood at $86.18M. OPAD’s last price was a discount, traded about -64.95% off its 52-week high of $5.13. The share price had its 52-week low at $0.91, which suggests the last value was 70.74% up since then. When we look at Offerpad Solutions Inc’s average trading volume, we note the 10-day average is 1.03 million shares, with the 3-month average coming to 230.88K.
Analysts gave the Offerpad Solutions Inc (OPAD) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.00. 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 OPAD as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Offerpad Solutions Inc’s EPS for the current quarter is expected to be -0.38.
Offerpad Solutions Inc (NYSE:OPAD) trade information
Instantly OPAD was in green as seen at the end of in last trading. With action 123.74%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -37.42%, with the 5-day performance at 123.74% in the green. However, in the 30-day time frame, Offerpad Solutions Inc (NYSE:OPAD) is 227.37% up. Looking at the short shares, we see there were 1.24 million shares sold at short interest cover period of 36.5 days.
The consensus price target for the stock as assigned by Wall Street analysts is 60.3, meaning bulls need an upside of 94.84% from its current market value. According to analyst projections, OPAD’s forecast low is 3.75 with 82.91 as the target high. To hit the forecast high, the stock’s price needs a -2565.92% plunge from its current level, while the stock would need to soar -20.58% for it to hit the projected low.
Offerpad Solutions Inc (OPAD) estimates and forecasts
Year-over-year growth is forecast to reach -13.37% down from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 178.91M. 4 analysts are of the opinion that Offerpad Solutions Inc’s revenue for the current quarter will be 229.53M. The company’s revenue for the corresponding quarters a year ago was 251.12M and 208.07M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -28.76%. The estimates for the next quarter sales put growth at 10.32%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 21.57%. The 2025 estimates are for Offerpad Solutions Inc earnings to increase by 38.22%.
Offerpad Solutions Inc (NYSE:OPAD)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 16.57% of Offerpad Solutions Inc shares while 63.72% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 76.37%. There are 63.72% institutions holding the Offerpad Solutions Inc stock share, with LL FUNDS, LLC the top institutional holder. As of 2024-06-30, the company held 24.4461% of the shares, roughly 6.68 million OPAD shares worth $29.54 million.
FIRST AMERICAN FINANCIAL CORP holds the second largest percentage of outstanding shares, with 18.6939% or 5.12 million shares worth $22.63 million as of 2024-06-30.
