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In other words, the price has increased by $0.00 from its previous closing price. On the day, 8.6 million shares were traded. OPEN stock price reached its highest trading level at $2.21 during the session, while it also had its lowest trading level at $2.1.
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 0.92 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 0.64. 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 16 ’24 when Schwartz Christina sold 3,566 shares for $2.12 per share. The transaction valued at 7,578 led to the insider holds 826,599 shares of the business.
Meyer Megan D. sold 91,048 shares of OPEN for $205,040 on Apr 15 ’24. The President, Sell Direct & Svcs. now owns 4,697,452 shares after completing the transaction at $2.25 per share. On Apr 15 ’24, another insider, Schwartz Christina, who serves as the insider of the company, sold 7,411 shares for $2.25 each. As a result, the insider received 16,690 and left with 830,165 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 1474823168 and an Enterprise Value of 2940822528. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.21 while its Price-to-Book (P/B) ratio in mrq is 1.52. Its current Enterprise Value per Revenue stands at 0.423 whereas that against EBITDA is -9.902.
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 -24.21%, while the 200-Day Moving Average is calculated to be -32.42%.
Shares Statistics:
Over the past 3-months, OPEN traded about 18.72M shares per day on average, while over the past 10 days, OPEN traded about 12605280 shares per day. A total of 677.64M shares are outstanding, with a floating share count of 544.83M. Insiders hold about 19.84% of the company’s shares, while institutions hold 57.32% stake in the company. Shares short for OPEN as of 1711584000 were 72244909 with a Short Ratio of 3.86, compared to 1709164800 on 73353629. Therefore, it implies a Short% of Shares Outstanding of 72244909 and a Short% of Float of 12.950000000000001.
Earnings Estimates
At present, Opendoor Technologies Inc analysts are actively evaluating the performance of Opendoor Technologies Inc (OPEN) in the stock market.The consensus estimate for the next quarter is $0.60, with high estimates of $25.84 and low estimates of $35.45.
