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The price of Opendoor Technologies Inc (NASDAQ: OPEN) closed at $1.89 in the last session, up 2.16% from day before closing price of $1.85. In other words, the price has increased by $2.16 from its previous closing price. On the day, 21.04 million shares were traded. OPEN stock price reached its highest trading level at $1.92 during the session, while it also had its lowest trading level at $1.8.
Ratios:
We take a closer look at OPEN’s different ratios to gain a better understanding of the stock. 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:
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 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 1307078656 and an Enterprise Value of 2751078656. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.26 while its Price-to-Book (P/B) ratio in mrq is 1.45. Its current Enterprise Value per Revenue stands at 0.549 whereas that against EBITDA is -10.304.
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 $1.80. The 50-Day Moving Average of the stock is -14.00%, while the 200-Day Moving Average is calculated to be -33.39%.
Shares Statistics:
According to the various share statistics, OPEN traded on average about 15.47M shares per day over the past 3-months and 17146130 shares per day over the past 10 days. A total of 677.64M shares are outstanding, with a floating share count of 560.14M. Insiders hold about 19.00% of the company’s shares, while institutions hold 56.83% stake in the company. Shares short for OPEN as of 1715731200 were 76515357 with a Short Ratio of 4.73, compared to 1713139200 on 74000225. Therefore, it implies a Short% of Shares Outstanding of 76515357 and a Short% of Float of 13.170000000000002.
