Offerpad Solutions Inc. (NYSE:OPAD) went up by 0.56% from its latest closing price compared to the recent 1-year high of $20.97. The company’s stock price has collected -14.35% of loss in the last five trading sessions. Press Release reported on 11/15/21 that Urbanimmersive Provides Business Updates
Is It Worth Investing in Offerpad Solutions Inc. (NYSE :OPAD) Right Now?
Opinions of the stock are interesting as 2 analysts out of 3 who provided ratings for Offerpad Solutions 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 $10.50, which is $3.28 above the current price. Today, the average trading volume of OPAD was 3.72M shares.
OPAD’s Market Performance
OPAD stocks went down by -14.35% for the week, with a monthly drop of -5.87% and a quarterly performance of -27.44%. The volatility ratio for the week stands at 6.55% while the volatility levels for the past 30 days are set at 6.31% for Offerpad Solutions Inc.. The simple moving average for the period of the last 20 days is -7.75% for OPAD stocks with a simple moving average of -26.37% for the last 200 days.
Analysts’ Opinion of OPAD
Many brokerage firms have already submitted their reports for OPAD stocks, with JP Morgan repeating the rating for OPAD by listing it as a “Overweight.” The predicted price for OPAD in the upcoming period, according to JP Morgan is $11 based on the research report published on November 17th of the current year 2021.
JMP Securities, on the other hand, stated in their research note that they expect to see OPAD reach a price target of $12. The rating they have provided for OPAD stocks is “Mkt Outperform” according to the report published on October 14th, 2021.
Jefferies gave a rating of “Hold” to OPAD, setting the target price at $11 in the report published on September 27th of the current year.
OPAD Trading at -18.37% from the 50-Day Moving Average
After a stumble in the market that brought OPAD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -65.57% of loss for the given period.
Volatility was left at 6.31%, however, over the last 30 days, the volatility rate increased by 6.55%, as shares sank -10.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -42.61% lower at present.
During the last 5 trading sessions, OPAD fell by -14.35%, which changed the moving average for the period of 200-days by -36.56% in comparison to the 20-day moving average, which settled at $7.78. In addition, Offerpad Solutions Inc. saw -34.36% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at OPAD starting from DEGIORGIO KENNETH D, who purchase 15,000 shares at the price of $8.40 back on Nov 16. After this action, DEGIORGIO KENNETH D now owns 53,388 shares of Offerpad Solutions Inc., valued at $126,000 using the latest closing price.
Stock Fundamentals for OPAD
The liquidity ratio also appears to be rather interesting for investors as it stands at 4.64.