Opendoor Technologies Inc. (NASDAQ:OPEN) went down by -3.35% from its latest closing price compared to the recent 1-year high of $39.24. The company’s stock price has collected -9.31% of loss in the last five trading sessions. Press Release reported on 04/19/21 that Thinking about buying stock in Ambow Education, Castor Maritime, Clean Energy Fuels, Opendoor Technologies, or InspireMD?
Is It Worth Investing in Opendoor Technologies Inc. (NASDAQ :OPEN) Right Now?
Opinions of the stock are interesting as 5 analysts out of 6 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 $35.20, which is $15.61 above the current price. OPEN currently public float of 356.87M and currently shorts hold a 10.38% ratio of that float. Today, the average trading volume of OPEN was 12.06M shares.
OPEN’s Market Performance
OPEN stocks went down by -9.31% for the week, with a monthly drop of -9.93% and a quarterly performance of -25.37%. The volatility ratio for the week stands at 7.53% while the volatility levels for the past 30 days are set at 7.83% for Opendoor Technologies Inc.. The simple moving average for the period of the last 20 days is -1.76% for OPEN stocks with a simple moving average of -5.52% for the last 200 days.
Analysts’ Opinion of OPEN
Many brokerage firms have already submitted their reports for OPEN stocks, with Citigroup repeating the rating for OPEN by listing it as a “Buy.” The predicted price for OPEN in the upcoming period, according to Citigroup is $34 based on the research report published on March 18th of the current year 2021.
Credit Suisse, on the other hand, stated in their research note that they expect to see OPEN reach a price target of $37. The rating they have provided for OPEN stocks is “Outperform” according to the report published on March 01st, 2021.
KeyBanc Capital Markets gave a rating of “Overweight” to OPEN, setting the target price at $42 in the report published on February 19th of the current year.
OPEN Trading at -16.64% 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 -50.08% of loss for the given period.
Volatility was left at 7.83%, however, over the last 30 days, the volatility rate increased by 7.53%, as shares sank -6.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -37.97% lower at present.
During the last 5 trading sessions, OPEN fell by -9.31%, which changed the moving average for the period of 200-days by +63.25% in comparison to the 20-day moving average, which settled at $19.88. In addition, Opendoor Technologies Inc. saw -13.81% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for OPEN
Current profitability levels for the company are sitting at:
- -7.20 for the present operating margin
- +8.51 for the gross margin
The net margin for Opendoor Technologies Inc. stands at -11.10. The total capital return value is set at -17.30, while invested capital returns managed to touch -32.18.
Based on Opendoor Technologies Inc. (OPEN), the company’s capital structure generated 34.32 points at debt to equity in total, while total debt to capital is 25.55. Total debt to assets is 25.24, with long-term debt to equity ratio resting at 11.38. Finally, the long-term debt to capital ratio is 8.47.
When we switch over and look at the enterprise to sales, we see a ratio of 0.57, with the company’s debt to enterprise value settled at 0.37. The receivables turnover for the company is 3,457.99 and the total asset turnover is 2.37.