The stock of Opendoor Technologies Inc. (OPEN) has seen a 3.71% increase in the past week, with a 84.02% gain in the past month, and a 34.48% flourish in the past quarter. The volatility ratio for the week is 11.54%, and the volatility levels for the past 30 days are at 12.56% for OPEN. The simple moving average for the past 20 days is 29.36% for OPEN’s stock, with a 4.39% simple moving average for the past 200 days.
Is It Worth Investing in Opendoor Technologies Inc. (NASDAQ: OPEN) Right Now?
Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 0 as “overweight,” 5 as “hold,” and 2 as “sell.”
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The average price point forecasted by analysts for Opendoor Technologies Inc. (OPEN) is $2.57, which is $0.39 above the current market price. The public float for OPEN is 537.71M, and currently, short sellers hold a 11.59% ratio of that float. The average trading volume of OPEN on May 24, 2023 was 22.93M shares.
OPEN) stock’s latest price update
Opendoor Technologies Inc. (NASDAQ: OPEN) has seen a rise in its stock price by 1.14 in relation to its previous close of 2.42. However, the company has experienced a 3.71% gain in its stock price over the last five trading sessions. The Wall Street Journal reported on 02/23/23 that Opendoor Posts Heavy Losses After Losing Money on Home Sales
OPEN Trading at 41.13% 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 -69.71% of loss for the given period.
Volatility was left at 12.56%, however, over the last 30 days, the volatility rate increased by 11.54%, as shares surge +95.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +78.26% upper at present.
During the last 5 trading sessions, OPEN rose by +4.24%, which changed the moving average for the period of 200-days by -58.23% in comparison to the 20-day moving average, which settled at $1.95. In addition, Opendoor Technologies Inc. saw 110.99% 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 Wu Eric Chung-Wei, who sale 49,082 shares at the price of $1.94 back on May 15. After this action, Wu Eric Chung-Wei now owns 30,630,676 shares of Opendoor Technologies Inc., valued at $95,303 using the latest closing price.
Schwartz Christina sale 3,456 shares at $1.66 during a trade that took place back on Apr 18, which means that Schwartz Christina is holding 753,771 shares at $5,729 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. The total capital return value is set at -10.74, while invested capital returns managed to touch -26.51. Equity return is now at value -99.40, with -18.70 for asset returns.
Based on Opendoor Technologies Inc. (OPEN), the company’s capital structure generated 497.24 points at debt to equity in total, while total debt to capital is 83.26. Total debt to assets is 81.72, with long-term debt to equity ratio resting at 369.89. Finally, the long-term debt to capital ratio is 61.93.
When we switch over and look at the enterprise to sales, we see a ratio of 0.38, with the company’s debt to enterprise value settled at 1.29. The receivables turnover for the company is 273.11 and the total asset turnover is 1.93.
Conclusion
To put it simply, Opendoor Technologies Inc. (OPEN) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. 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.
