In the latest session, Opendoor Technologies Inc (NASDAQ: OPEN) closed at $2.87 down -3.37% from its previous closing price of $2.97. In other words, the price has decreased by -$0.1000 from its previous closing price. On the day, 17314170 shares were traded. OPEN stock price reached its highest trading level at $3.0200 during the session, while it also had its lowest trading level at $2.8200.
Ratios:
For a deeper understanding of Opendoor Technologies Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.21 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 0.85. In the meantime, Its Debt-to-Equity ratio is 2.62 whereas as Long-Term Debt/Eq ratio is at 2.62.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 15 when Meyer Megan D. sold 4,808 shares for $3.31 per share. The transaction valued at 15,919 led to the insider holds 2,465,800 shares of the business.
Schaub Sydney sold 2,513 shares of OPEN for $8,067 on Feb 06. The Chief Legal Officer now owns 1,155,722 shares after completing the transaction at $3.21 per share. On Feb 01, another insider, Meyer Megan D., who serves as the President, Sell Direct & Svcs. of the company, sold 4,808 shares for $3.50 each. As a result, the insider received 16,829 and left with 2,470,608 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 1.94B and an Enterprise Value of 3.41B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.28 while its Price-to-Book (P/B) ratio in mrq is 2.01. Its current Enterprise Value per Revenue stands at 0.49 whereas that against EBITDA is 378.86.
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 $1.10. The 50-Day Moving Average of the stock is 3.6396, while the 200-Day Moving Average is calculated to be 3.2084.
Shares Statistics:
For the past three months, OPEN has traded an average of 21.63M shares per day and 22.12M over the past ten days. A total of 677.64M shares are outstanding, with a floating share count of 545.05M. Insiders hold about 19.80% of the company’s shares, while institutions hold 57.30% stake in the company. Shares short for OPEN as of Jan 31, 2024 were 71.5M with a Short Ratio of 3.31, compared to 70.92M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 10.67% and a Short% of Float of 13.04%.
Earnings Estimates
There are 7 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.16 for the current quarter, with a high estimate of -$0.13 and a low estimate of -$0.22, while EPS last year was -$0.64. The consensus estimate for the next quarter is -$0.13, with high estimates of -$0.07 and low estimates of -$0.2.
Analysts are recommending an EPS of between -$0.32 and -$0.72 for the fiscal current year, implying an average EPS of -$0.51. EPS for the following year is -$0.35, with 7 analysts recommending between -$0.15 and -$0.53.
Revenue Estimates
A total of 10 analysts believe the company’s revenue will be $1.09B this quarter.It ranges from a high estimate of $1.11B to a low estimate of $1.07B. As of the current estimate, Opendoor Technologies Inc’s year-ago sales were $3.12B, an estimated decrease of -65.20% from the year-ago figure. For the next quarter, 10 analysts are estimating revenue of $1.52B, a decrease of -22.90% over than the figure of -$65.20% in the same quarter last year. There is a high estimate of $1.7B for the next quarter, whereas the lowest estimate is $1.32B.
A total of 11 analysts have provided revenue estimates for OPEN’s current fiscal year. The highest revenue estimate was $6.3B, while the lowest revenue estimate was $5.3B, resulting in an average revenue estimate of $5.86B. In the same quarter a year ago, actual revenue was $6.95B, down -15.60% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $8.5B in the next fiscal year. The high estimate is $10.18B and the low estimate is $6.62B. The average revenue growth estimate for next year is up 44.90% from the average revenue estimate for this year.
