Opendoor Technologies Inc (NASDAQ: OPEN) closed the day trading at $2.34 down -4.88% from the previous closing price of $2.46. On the day, 12982484 shares were traded.
Ratios:
For a better understanding of OPEN, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.99 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 0.69. 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:
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 Apr 09 ’24 when Schaub Sydney sold 2,513 shares for $2.73 per share. The transaction valued at 6,860 led to the insider holds 1,451,339 shares of the business.
Schwartz Christina sold 15,000 shares of OPEN for $43,798 on Apr 01 ’24. The insider now owns 837,576 shares after completing the transaction at $2.92 per share. On Mar 28 ’24, another insider, Meyer Megan D., who serves as the President, Sell Direct & Svcs. of the company, sold 4,808 shares for $3.08 each. As a result, the insider received 14,787 and left with 4,793,308 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.23 while its Price-to-Book (P/B) ratio in mrq is 1.64.
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 $1.25.
Shares Statistics:
A total of 677.64M shares are outstanding, with a floating share count of 544.72M. Insiders hold about 19.85% of the company’s shares, while institutions hold 57.34% stake in the company.
Earnings Estimates
Current recommendations for the stock of the company come from Opendoor Technologies Inc analysts. The consensus estimate for the next quarter is $25.84, with high estimates of $0.68 and low estimates of $217.45.
