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Opendoor Technologies Inc (NASDAQ: OPEN) closed the day trading at $1.80 up 2.27% from the previous closing price of $1.76. In other words, the price has increased by $2.27 from its previous closing price. On the day, 5.82 million shares were traded. OPEN stock price reached its highest trading level at $1.85 during the session, while it also had its lowest trading level at $1.75.
Ratios:
For a better understanding of OPEN, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 2.71 whereas as Long-Term Debt/Eq ratio is at 2.70.
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 Jun 20 ’24 when Meyer Megan D. sold 4,808 shares for $1.86 per share. The transaction valued at 8,929 led to the insider holds 4,608,630 shares of the business.
Schwartz Christina sold 8,205 shares of OPEN for $16,097 on Jun 18 ’24. The insider now owns 799,592 shares after completing the transaction at $1.96 per share. On Jun 17 ’24, another insider, WHEELER CARRIE, who serves as the Chief Executive Officer of the company, sold 683,883 shares for $1.99 each. As a result, the insider received 1,360,175 and left with 15,344,625 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 1244836736 and an Enterprise Value of 2688836864. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.25 while its Price-to-Book (P/B) ratio in mrq is 1.38. Its current Enterprise Value per Revenue stands at 0.537 whereas that against EBITDA is -10.071.
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 $1.68. The 50-Day Moving Average of the stock is -15.42%, while the 200-Day Moving Average is calculated to be -34.86%.
Shares Statistics:
Over the past 3-months, OPEN traded about 15.04M shares per day on average, while over the past 10 days, OPEN traded about 13124940 shares per day. A total of 677.64M shares are outstanding, with a floating share count of 560.45M. Insiders hold about 18.96% of the company’s shares, while institutions hold 55.78% stake in the company. Shares short for OPEN as of 1718323200 were 82757614 with a Short Ratio of 5.50, compared to 1715731200 on 76515357. Therefore, it implies a Short% of Shares Outstanding of 82757614 and a Short% of Float of 14.24.
