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As of close of business last night, Opendoor Technologies Inc’s stock clocked out at $1.99, up 3.11% from its previous closing price of $1.93. In other words, the price has increased by $3.11 from its previous closing price. On the day, 32.86 million shares were traded. OPEN stock price reached its highest trading level at $2.025 during the session, while it also had its lowest trading level at $1.88.
Ratios:
To gain a deeper understanding of OPEN’s stock, we examine its different ratios. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Sep 16 ’24 when Schwartz Christina sold 24,800 shares for $2.16 per share. The transaction valued at 53,498 led to the insider holds 759,870 shares of the business.
Schaub Sydney sold 77,376 shares of OPEN for $166,916 on Sep 16 ’24. The Chief Legal Officer now owns 1,298,351 shares after completing the transaction at $2.16 per share. On Sep 16 ’24, another insider, WHEELER CARRIE, who serves as the Chief Executive Officer of the company, sold 694,105 shares for $2.16 each. As a result, the insider received 1,497,323 and left with 14,650,520 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 1398979968 and an Enterprise Value of 3042979072. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.31 while its Price-to-Book (P/B) ratio in mrq is 1.65. Its current Enterprise Value per Revenue stands at 0.67 whereas that against EBITDA is -10.603.
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 -2.58%, while the 200-Day Moving Average is calculated to be -22.98%.
Shares Statistics:
It appears that OPEN traded 31.35M shares on average per day over the past three months and 32237570 shares per day over the past ten 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 54.42% stake in the company. Shares short for OPEN as of 1726185600 were 89582870 with a Short Ratio of 2.86, compared to 1723680000 on 86144153. Therefore, it implies a Short% of Shares Outstanding of 89582870 and a Short% of Float of 15.120000000000001.
Earnings Estimates
The stock of Opendoor Technologies Inc (OPEN) is currently in the spotlight, with 7.0 analysts actively rating and assessing its market standing.The consensus estimate for the next quarter is -$0.13, with high estimates of -$0.07 and low estimates of -$0.18.
Analysts are recommending an EPS of between -$0.36 and -$0.47 for the fiscal current year, implying an average EPS of -$0.42. EPS for the following year is -$0.34, with 7.0 analysts recommending between -$0.04 and -$0.63.
Revenue Estimates
In the current quarter, 11 analysts expect revenue to total $1.27B. It ranges from a high estimate of $1.32B to a low estimate of $1.23B. As of the current estimate, Opendoor Technologies Inc’s year-ago sales were $980MFor the next quarter, 11 analysts are estimating revenue of $1.2B. There is a high estimate of $1.36B for the next quarter, whereas the lowest estimate is $1.07B.
A total of 12 analysts have provided revenue estimates for OPEN’s current fiscal year. The highest revenue estimate was $5.29B, while the lowest revenue estimate was $5.02B, resulting in an average revenue estimate of $5.16B. In the same quarter a year ago, actual revenue was $6.95BBased on 12 analysts’ estimates, the company’s revenue will be $7.34B in the next fiscal year. The high estimate is $9.3B and the low estimate is $6.26B.
