The closing price of Opendoor Technologies Inc (NASDAQ: OPEN) was $2.91 for the day, down -3.96% from the previous closing price of $3.03. In other words, the price has decreased by -$0.1200 from its previous closing price. On the day, 16202445 shares were traded.
Ratios:
Our analysis of OPEN’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.23 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 0.86. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 28 ’24 when Meyer Megan D. sold 4,808 shares for $3.08 per share. The transaction valued at 14,787 led to the insider holds 4,793,308 shares of the business.
Schwartz Christina sold 8,508 shares of OPEN for $24,652 on Mar 18 ’24. The insider now owns 852,576 shares after completing the transaction at $2.90 per share. On Mar 15 ’24, another insider, WHEELER CARRIE, who serves as the Chief Executive Officer of the company, sold 671,158 shares for $2.58 each. As a result, the insider received 1,731,319 and left with 16,028,508 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 1.98B and an Enterprise Value of 3.44B. 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 2.04. Its current Enterprise Value per Revenue stands at 0.50 whereas that against EBITDA is 382.64.
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. The 50-Day Moving Average of the stock is 3.1201, while the 200-Day Moving Average is calculated to be 3.2781.
Shares Statistics:
OPEN traded an average of 20.22M shares per day over the past three months and 20.91M shares per day over the past ten days. A total of 677.64M shares are outstanding, with a floating share count of 544.70M. Insiders hold about 19.85% of the company’s shares, while institutions hold 57.34% stake in the company. Shares short for OPEN as of Mar 15, 2024 were 77.12M with a Short Ratio of 3.81, compared to 72.53M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 11.35% and a Short% of Float of 13.82%.
Earnings Estimates
The firm’s stock currently is rated by 8 analysts. 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
It is expected that $90B in revenue will be generated in the current quarter, according to 11 analysts. 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, 11 analysts are estimating revenue of $1.5B, a decrease of -24.30% 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 $1.22B.
A total of 12 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 $5.83B. In the same quarter a year ago, actual revenue was $6.95B, down -16.10% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $8.57B 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 47.00% from the average revenue estimate for this year.
