Insider’s View: Deciphering Opendoor Technologies Inc (OPEN)’s Financial Health Through Ratios

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The price of Opendoor Technologies Inc (NASDAQ: OPEN) closed at $1.86 in the last session, up 2.20% from day before closing price of $1.82. In other words, the price has increased by $2.20 from its previous closing price. On the day, 19.96 million shares were traded. OPEN stock price reached its highest trading level at $1.87 during the session, while it also had its lowest trading level at $1.79.

Ratios:

We take a closer look at OPEN’s different ratios to gain a better understanding of the stock. In the meantime, Its Debt-to-Equity ratio is 2.90 whereas as Long-Term Debt/Eq ratio is at 2.53.

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:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Oct 15 ’24 when Schaub Sydney sold 16,940 shares for $1.91 per share. The transaction valued at 32,315 led to the insider holds 1,281,411 shares of the business.

Meyer Megan D. sold 115,020 shares of OPEN for $219,412 on Oct 15 ’24. The President, Sell Direct & Svcs. now owns 4,293,098 shares after completing the transaction at $1.91 per share. On Oct 15 ’24, another insider, Schwartz Christina, who serves as the insider of the company, sold 16,011 shares for $1.91 each. As a result, the insider received 30,543 and left with 743,859 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 1307589248 and an Enterprise Value of 2951588608. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.29 while its Price-to-Book (P/B) ratio in mrq is 1.54. Its current Enterprise Value per Revenue stands at 0.65 whereas that against EBITDA is -10.284.

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 -6.85%, while the 200-Day Moving Average is calculated to be -23.96%.

Shares Statistics:

According to the various share statistics, OPEN traded on average about 31.98M shares per day over the past 3-months and 30567220 shares per day over the past 10 days. A total of 677.64M shares are outstanding, with a floating share count of 573.45M. Insiders hold about 18.43% of the company’s shares, while institutions hold 54.41% stake in the company. Shares short for OPEN as of 1727654400 were 91459740 with a Short Ratio of 2.86, compared to 1724976000 on 91755076. Therefore, it implies a Short% of Shares Outstanding of 91459740 and a Short% of Float of 15.439998999999998.

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