The price of Opendoor Technologies Inc (NASDAQ: OPEN) closed at $2.95 in the last session, down -1.01% from day before closing price of $2.98. In other words, the price has decreased by -$0.0300 from its previous closing price. On the day, 15716786 shares were traded.
Ratios:
We take a closer look at OPEN’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.25 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 0.87. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 18 ’24 when Schwartz Christina sold 8,508 shares for $2.90 per share. The transaction valued at 24,652 led to the insider holds 852,576 shares of the business.
WHEELER CARRIE sold 671,158 shares of OPEN for $1,731,319 on Mar 15 ’24. The Chief Executive Officer now owns 16,028,508 shares after completing the transaction at $2.58 per share. On Mar 15 ’24, another insider, Schaub Sydney, who serves as the Chief Legal Officer of the company, sold 56,499 shares for $2.58 each. As a result, the insider received 145,745 and left with 1,453,852 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 2.03B and an Enterprise Value of 3.50B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.29 while its Price-to-Book (P/B) ratio in mrq is 2.07. Its current Enterprise Value per Revenue stands at 0.50 whereas that against EBITDA is 388.68.
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 3.1515, while the 200-Day Moving Average is calculated to be 3.2681.
Shares Statistics:
According to the various share statistics, OPEN traded on average about 20.26M shares per day over the past 3-months and 21.25M shares per day over the past 10 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 Feb 29, 2024 were 73.35M with a Short Ratio of 3.62, compared to 71.5M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 10.79% and a Short% of Float of 13.15%.
Earnings Estimates
The company has 8 analysts who recommend its stock at the moment. 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
According to 11 analysts, the current quarter’s revenue is expected to be $1.09B. 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.
