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The closing price of Opendoor Technologies Inc (NASDAQ: OPEN) was $1.87 for the day, up 6.25% from the previous closing price of $1.76. In other words, the price has increased by $6.25 from its previous closing price. On the day, 39.58 million shares were traded. OPEN stock price reached its highest trading level at $1.9 during the session, while it also had its lowest trading level at $1.7304.
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 2.90 whereas as Long-Term Debt/Eq ratio is at 2.53.
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 Sep 16 ’24 when Schwartz Christina sold 24,800 shares for $2.16 per share. The transaction valued at 53,498 led to the insider holds 759,870 shares of the business.
Schaub Sydney sold 77,376 shares of OPEN for $166,916 on Sep 16 ’24. The Chief Legal Officer now owns 1,298,351 shares after completing the transaction at $2.16 per share. On Sep 16 ’24, another insider, WHEELER CARRIE, who serves as the Chief Executive Officer of the company, sold 694,105 shares for $2.16 each. As a result, the insider received 1,497,323 and left with 14,650,520 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 1314619392 and an Enterprise Value of 2958618624. 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 1.55. Its current Enterprise Value per Revenue stands at 0.651 whereas that against EBITDA is -10.309.
Stock Price History:
Over the past 52 weeks, OPEN has reached a high of $4.89, while it has fallen to a 52-week low of $1.58. The 50-Day Moving Average of the stock is -5.50%, while the 200-Day Moving Average is calculated to be -25.49%.
Shares Statistics:
OPEN traded an average of 32.69M shares per day over the past three months and 34407530 shares per day over the past ten days. A total of 677.64M shares are outstanding, with a floating share count of 573.45M. Insiders hold about 18.43% of the company’s shares, while institutions hold 54.41% stake in the company. Shares short for OPEN as of 1727654400 were 91459740 with a Short Ratio of 2.80, compared to 1724976000 on 91755076. Therefore, it implies a Short% of Shares Outstanding of 91459740 and a Short% of Float of 15.439998999999998.
