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As of close of business last night, Opendoor Technologies Inc’s stock clocked out at $2.92, up 14.96% from its previous closing price of $2.54. In other words, the price has increased by $14.96 from its previous closing price. On the day, 45.91 million shares were traded. OPEN stock price reached its highest trading level at $2.93 during the session, while it also had its lowest trading level at $2.54.
Ratios:
To gain a deeper understanding of OPEN’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 2.71 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:
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 Jul 09 ’24 when Schaub Sydney sold 2,513 shares for $1.82 per share. The transaction valued at 4,574 led to the insider holds 1,388,146 shares of the business.
Meyer Megan D. sold 4,808 shares of OPEN for $8,444 on Jul 05 ’24. The President, Sell Direct & Svcs. now owns 4,603,822 shares after completing the transaction at $1.76 per share. On Jun 20 ’24, another insider, Meyer Megan D., who serves as the President, Sell Direct & Svcs. of the company, sold 4,808 shares for $1.86 each. As a result, the insider received 8,929 and left with 4,608,630 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 2019401984 and an Enterprise Value of 3463401984. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.40 while its Price-to-Book (P/B) ratio in mrq is 2.24. Its current Enterprise Value per Revenue stands at 0.692 whereas that against EBITDA is -12.972.
Stock Price History:
The Beta on a monthly basis for OPEN is 2.75, which has changed by -0.3064133 over the last 52 weeks, in comparison to a change of 0.24125004 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 38.30%, while the 200-Day Moving Average is calculated to be 6.91%.
Shares Statistics:
It appears that OPEN traded 15.88M shares on average per day over the past three months and 20972590 shares per day over the past ten days. A total of 677.64M shares are outstanding, with a floating share count of 560.46M. Insiders hold about 18.96% of the company’s shares, while institutions hold 55.81% stake in the company. Shares short for OPEN as of 1719532800 were 84069470 with a Short Ratio of 5.29, compared to 1717113600 on 73115699. Therefore, it implies a Short% of Shares Outstanding of 84069470 and a Short% of Float of 14.469999999999999.
