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The closing price of Opendoor Technologies Inc (NASDAQ: OPEN) was $1.61 for the day, down -3.01% from the previous closing price of $1.66. In other words, the price has decreased by -$3.01 from its previous closing price. On the day, 33.62 million shares were traded. OPEN stock price reached its highest trading level at $1.65 during the session, while it also had its lowest trading level at $1.57.
Ratios:
Our analysis of OPEN’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 3.16 whereas as Long-Term Debt/Eq ratio is at 2.36.
On December 13, 2023, Keefe Bruyette Upgraded its rating to Mkt Perform which previously was Underperform but kept the price unchanged to $3.50.
On November 21, 2023, Deutsche Bank started tracking the stock assigning a Hold rating and target price of $2.80.Deutsche Bank initiated its Hold rating on November 21, 2023, with a $2.80 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 18 ’24 when CHRISTINA SCHWARTZ bought 12,409 shares for $1.66 per share.
Schaub Sydney sold 16,940 shares of OPEN for $32,315 on Oct 15 ’24. The Chief Legal Officer now owns 1,281,411 shares after completing the transaction at $1.91 per share. On Oct 15 ’24, another insider, Meyer Megan D., who serves as the President, Sell Direct & Svcs. of the company, sold 115,020 shares for $1.91 each. As a result, the insider received 219,412 and left with 4,293,098 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OPEN now has a Market Capitalization of 1151262720 and an Enterprise Value of 2848262400. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.22 while its Price-to-Book (P/B) ratio in mrq is 1.43. Its current Enterprise Value per Revenue stands at 0.577 whereas that against EBITDA is -10.32.
Stock Price History:
Over the past 52 weeks, OPEN has reached a high of $4.89, while it has fallen to a 52-week low of $1.58. The 50-Day Moving Average of the stock is -16.10%, while the 200-Day Moving Average is calculated to be -29.04%.
Shares Statistics:
OPEN traded an average of 34.61M shares per day over the past three months and 40034310 shares per day over the past ten days. A total of 677.64M shares are outstanding, with a floating share count of 594.13M. Insiders hold about 16.91% of the company’s shares, while institutions hold 52.53% stake in the company. Shares short for OPEN as of 1730332800 were 86276392 with a Short Ratio of 2.49, compared to 1727654400 on 91459740. Therefore, it implies a Short% of Shares Outstanding of 86276392 and a Short% of Float of 14.27.
