Opendoor Technologies Inc (NASDAQ: OPEN) closed the day trading at $2.91 down -4.90% from the previous closing price of $3.06. In other words, the price has decreased by -$0.1500 from its previous closing price. On the day, 17628989 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 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:
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 Mar 05 ’24 when Schaub Sydney sold 2,513 shares for $2.81 per share. The transaction valued at 7,064 led to the insider holds 1,510,351 shares of the business.
Schaub Sydney sold 5,000 shares of OPEN for $15,480 on Mar 01 ’24. The Chief Legal Officer now owns 1,512,864 shares after completing the transaction at $3.10 per share. On Feb 29 ’24, another insider, Meyer Megan D., who serves as the President, Sell Direct & Svcs. of the company, sold 4,808 shares for $3.10 each. As a result, the insider received 14,926 and left with 4,844,235 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 2.08B and an Enterprise Value of 3.55B. 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 0.51 whereas that against EBITDA is 393.97.
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 3.4018, while the 200-Day Moving Average is calculated to be 3.2485.
Shares Statistics:
Over the past 3-months, OPEN traded about 21.74M shares per day on average, while over the past 10 days, OPEN traded about 19.23M shares per day. A total of 677.64M shares are outstanding, with a floating share count of 543.90M. Insiders hold about 19.97% of the company’s shares, while institutions hold 57.32% stake in the company. Shares short for OPEN as of Feb 15, 2024 were 72.53M with a Short Ratio of 3.34, compared to 74.75M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 10.67% and a Short% of Float of 13.00%.
Earnings Estimates
Current recommendations for the stock of the company come from 7 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
10 analysts predict $1.09B in revenue for the current 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.
