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The price of Opendoor Technologies Inc (NASDAQ: OPEN) closed at $2.13 in the last session, down -6.58% from day before closing price of $2.28. In other words, the price has decreased by -$6.58 from its previous closing price. On the day, 14.91 million shares were traded. OPEN stock price reached its highest trading level at $2.2076 during the session, while it also had its lowest trading level at $2.12.
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 2.71 whereas as Long-Term Debt/Eq ratio is at 2.70.
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 Jun 06 ’24 when Meyer Megan D. sold 4,808 shares for $2.23 per share. The transaction valued at 10,737 led to the insider holds 4,678,220 shares of the business.
Schaub Sydney sold 2,513 shares of OPEN for $5,453 on Jun 04 ’24. The Chief Legal Officer now owns 1,446,313 shares after completing the transaction at $2.17 per share. On May 23 ’24, another insider, Meyer Megan D., who serves as the President, Sell Direct & Svcs. of the company, sold 4,808 shares for $2.13 each. As a result, the insider received 10,253 and left with 4,683,028 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 1473056896 and an Enterprise Value of 2917056768. 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 1.63. Its current Enterprise Value per Revenue stands at 0.583 whereas that against EBITDA is -10.925.
Stock Price History:
Over the past 52 weeks, OPEN has reached a high of $5.41, while it has fallen to a 52-week low of $1.80. The 50-Day Moving Average of the stock is -8.77%, while the 200-Day Moving Average is calculated to be -26.69%.
Shares Statistics:
According to the various share statistics, OPEN traded on average about 16.24M shares per day over the past 3-months and 12309190 shares per day over the past 10 days. A total of 677.64M shares are outstanding, with a floating share count of 557.84M. Insiders hold about 19.34% of the company’s shares, while institutions hold 56.83% stake in the company. Shares short for OPEN as of 1715731200 were 76515357 with a Short Ratio of 4.71, compared to 1713139200 on 74000225. Therefore, it implies a Short% of Shares Outstanding of 76515357 and a Short% of Float of 13.170000000000002.
