Opendoor Technologies Inc. (NASDAQ:OPEN) went up by 5.60% from its latest closing price compared to the recent 1-year high of $32.39. The company’s stock price has collected 8.20% of gains in the last five trading sessions. Barron’s reported on 01/06/21 that Opendoor Spikes as Market Warms to iBuyer Real-Estate Companies
Is It Worth Investing in Opendoor Technologies Inc. (NASDAQ :OPEN) Right Now?
Opinions of the stock are interesting as 2 analysts out of 3 who provided ratings for Opendoor Technologies Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $32.50, which is $4.8 above the current price. OPEN currently public float of 320.66M and currently shorts hold a 1.71% ratio of that float. Today, the average trading volume of OPEN was 3.80M shares.
OPEN’s Market Performance
OPEN stocks went up by 8.20% for the week, with a monthly jump of 5.64% and a quarterly performance of 19.40%. The volatility ratio for the week stands at 7.90% while the volatility levels for the past 30 days are set at 10.81% for Opendoor Technologies Inc.. The simple moving average for the period of the last 20 days is 3.13% for OPEN stocks with a simple moving average of 62.54% for the last 200 days.
Analysts’ Opinion of OPEN
Many brokerage firms have already submitted their reports for OPEN stocks, with Wedbush repeating the rating for OPEN by listing it as a “Outperform.” The predicted price for OPEN in the upcoming period, according to Wedbush is $31 based on the research report published on January 06th of the current year 2021.
OPEN Trading at 21.90% from the 50-Day Moving Average
After a stumble in the market that brought OPEN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.48% of loss for the given period.
Volatility was left at 10.81%, however, over the last 30 days, the volatility rate increased by 7.90%, as shares surge +8.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +61.89% upper at present.
During the last 5 trading sessions, OPEN rose by +8.20%, in comparison to the 20-day moving average, which settled at $26.97. In addition, Opendoor Technologies Inc. saw 21.87% in overturn over a single year, with a tendency to cut further gains.