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

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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.

Ratios:

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.

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