Market Resilience: Opendoor Technologies Inc (OPEN) Finishes Strong at 1.81, Up 2.84

Seeking to outpace the market, investors engage in the art of selecting individual stocks. The right picks can play a pivotal role in boosting your wealth.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Opendoor Technologies Inc (NASDAQ: OPEN) closed the day trading at $1.81 up 2.84% from the previous closing price of $1.76. In other words, the price has increased by $2.84 from its previous closing price. On the day, 9.22 million shares were traded. OPEN stock price reached its highest trading level at $1.84 during the session, while it also had its lowest trading level at $1.765.


For a better understanding of OPEN, let’s look at its different ratios. 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:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 05 ’24 when Meyer Megan D. sold 4,808 shares for $1.76 per share. The transaction valued at 8,444 led to the insider holds 4,603,822 shares of the business.

Meyer Megan D. sold 4,808 shares of OPEN for $8,929 on Jun 20 ’24. The President, Sell Direct & Svcs. now owns 4,608,630 shares after completing the transaction at $1.86 per share. On Jun 18 ’24, another insider, Schwartz Christina, who serves as the insider of the company, sold 8,205 shares for $1.96 each. As a result, the insider received 16,097 and left with 799,592 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 1251752576 and an Enterprise Value of 2661173760. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.25 while its Price-to-Book (P/B) ratio in mrq is 1.39. Its current Enterprise Value per Revenue stands at 0.531 whereas that against EBITDA is -9.967.

Stock Price History:

The Beta on a monthly basis for OPEN is 2.70, which has changed by -0.59325844 over the last 52 weeks, in comparison to a change of 0.2553556 over the same period for the S&P500. Over the past 52 weeks, OPEN has reached a high of $5.41, while it has fallen to a 52-week low of $1.68. The 50-Day Moving Average of the stock is -14.27%, while the 200-Day Moving Average is calculated to be -34.16%.

Shares Statistics:

Over the past 3-months, OPEN traded about 15.00M shares per day on average, while over the past 10 days, OPEN traded about 11516090 shares per day. A total of 677.64M shares are outstanding, with a floating share count of 560.45M. Insiders hold about 18.96% of the company’s shares, while institutions hold 55.79% stake in the company. Shares short for OPEN as of 1718323200 were 82757614 with a Short Ratio of 5.52, compared to 1715731200 on 76515357. Therefore, it implies a Short% of Shares Outstanding of 82757614 and a Short% of Float of 14.24.

Most Popular