Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The closing price of Opendoor Technologies Inc (NASDAQ: OPEN) was $2.21 for the day, up 8.87% from the previous closing price of $2.03. In other words, the price has increased by $8.87 from its previous closing price. On the day, 47.28 million shares were traded. OPEN stock price reached its highest trading level at $2.59 during the session, while it also had its lowest trading level at $2.2.
Ratios:
Our analysis of OPEN’s different ratios will help us gain a deeper understanding of the company. 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:
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 Apr 25 ’24 when Meyer Megan D. sold 4,808 shares for $2.06 per share. The transaction valued at 9,904 led to the insider holds 4,692,644 shares of the business.
Schwartz Christina sold 3,566 shares of OPEN for $7,578 on Apr 16 ’24. The insider now owns 826,599 shares after completing the transaction at $2.12 per share. On Apr 15 ’24, another insider, Meyer Megan D., who serves as the President, Sell Direct & Svcs. of the company, sold 91,048 shares for $2.25 each. As a result, the insider received 205,040 and left with 4,697,452 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 1528382976 and an Enterprise Value of 2972382976. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.31 while its Price-to-Book (P/B) ratio in mrq is 1.69. Its current Enterprise Value per Revenue stands at 0.594 whereas that against EBITDA is -11.133.
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 $1.26. The 50-Day Moving Average of the stock is -16.87%, while the 200-Day Moving Average is calculated to be -28.94%.
Shares Statistics:
OPEN traded an average of 17.53M shares per day over the past three months and 14564750 shares per day over the past ten days. A total of 677.64M shares are outstanding, with a floating share count of 554.40M. Insiders hold about 19.84% of the company’s shares, while institutions hold 56.20% stake in the company. Shares short for OPEN as of 1713139200 were 74000225 with a Short Ratio of 4.22, compared to 1710460800 on 77124908. Therefore, it implies a Short% of Shares Outstanding of 74000225 and a Short% of Float of 12.8.
