Opendoor Technologies Inc. (NASDAQ: OPEN)’s stock price has decreased by -3.40 compared to its previous closing price of 1.62. Despite this, the company has seen a gain of 15.50% in its stock price over the last five trading days. The Wall Street Journal reported on 02/23/23 that Opendoor Posts Heavy Losses After Losing Money on Home Sales
Is It Worth Investing in Opendoor Technologies Inc. (NASDAQ: OPEN) Right Now?
Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 2 as “sell.”
Do You Know The Best Place To Find Gains In Volatile Markets?
In today's chaotic marketplace, the biggest gains will come from some currently-small companies that pass by older, larger businesses still stuck in a pre-pandemic world. The trick is figuring out which small caps will be tomorrow's winners. That's why StockWire News has put together a special Wealth Building Report, highlighting 3 small cap stocks set to soar in 2023.
Click here for full details and to join for free.
Sponsored
The average price point forecasted by analysts for Opendoor Technologies Inc. (OPEN) is $3.48, which is $2.09 above the current market price. The public float for OPEN is 537.71M, and currently, short sellers hold a 17.15% ratio of that floaft. The average trading volume of OPEN on March 16, 2023 was 27.04M shares.
OPEN’s Market Performance
The stock of Opendoor Technologies Inc. (OPEN) has seen a 15.50% increase in the past week, with a -27.55% drop in the past month, and a 2.29% gain in the past quarter. The volatility ratio for the week is 19.51%, and the volatility levels for the past 30 days are at 13.64% for OPEN. The simple moving average for the last 20 days is -2.55% for OPEN stock, with a simple moving average of -51.93% for the last 200 days.
Analysts’ Opinion of OPEN
Citigroup gave a rating of “Neutral” to OPEN, setting the target price at $1.50 in the report published on December 13th of the previous year.
OPEN Trading at -9.22% 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 -84.43% of loss for the given period.
Volatility was left at 13.64%, however, over the last 30 days, the volatility rate increased by 19.51%, as shares sank -31.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +46.65% upper at present.
During the last 5 trading sessions, OPEN rose by +19.05%, which changed the moving average for the period of 200-days by -78.46% in comparison to the 20-day moving average, which settled at $1.5697. In addition, Opendoor Technologies Inc. saw 34.91% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at OPEN starting from WHEELER CARRIE, who sale 394,700 shares at the price of $1.36 back on Mar 01. After this action, WHEELER CARRIE now owns 18,666,123 shares of Opendoor Technologies Inc., valued at $535,174 using the latest closing price.
Wu Eric Chung-Wei, the Director of Opendoor Technologies Inc., sale 52,335 shares at $2.26 during a trade that took place back on Feb 15, which means that Wu Eric Chung-Wei is holding 30,679,758 shares at $118,162 based on the most recent closing price.
Stock Fundamentals for OPEN
Current profitability levels for the company are sitting at:
- -5.47 for the present operating margin
- +4.28 for the gross margin
The net margin for Opendoor Technologies Inc. stands at -8.69. Equity return is now at value -74.40, with -15.60 for asset returns.
Conclusion
In a nutshell, Opendoor Technologies Inc. (OPEN) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
