In the past week, OPEN stock has gone down by -13.55%, with a monthly decline of -2.15% and a quarterly surge of 5.98%. The volatility ratio for the week is 6.64%, and the volatility levels for the last 30 days are 7.77% for Opendoor Technologies Inc. The simple moving average for the last 20 days is -10.41% for OPEN stock, with a simple moving average of 31.97% for the last 200 days.
Is It Worth Investing in Opendoor Technologies Inc. (NASDAQ: OPEN) Right Now?
and a 36-month beta value of 2.20. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 3 as “sell.”
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The average price predicted for Opendoor Technologies Inc. (OPEN) by analysts is $2.89, which is $0.18 above the current market price. The public float for OPEN is 547.96M, and at present, short sellers hold a 12.09% of that float. On September 19, 2023, the average trading volume of OPEN was 22.20M shares.
OPEN) stock’s latest price update
Opendoor Technologies Inc. (NASDAQ: OPEN)’s stock price has plunge by -0.93relation to previous closing price of 3.22. Nevertheless, the company has seen a -13.55% plunge in its stock price over the last five trading sessions. InvestorPlace reported 2023-09-18 that There are many great opportunities in “penny stock territory,” but there are far more stocks trading for $5 per share or less that are best classified as penny stocks to sell. Most of the names that belong in the penny stock “sell” pile are speculative growth stories.
Analysts’ Opinion of OPEN
Many brokerage firms have already submitted their reports for OPEN stocks, with Morgan Stanley repeating the rating for OPEN by listing it as a “Equal-Weight.” The predicted price for OPEN in the upcoming period, according to Morgan Stanley is $4.25 based on the research report published on July 24, 2023 of the current year 2023.
OPEN Trading at -18.33% 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 -41.04% of loss for the given period.
Volatility was left at 7.77%, however, over the last 30 days, the volatility rate increased by 6.64%, as shares surge +0.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.93% lower at present.
During the last 5 trading sessions, OPEN fell by -13.55%, which changed the moving average for the period of 200-days by +82.29% in comparison to the 20-day moving average, which settled at $3.56. In addition, Opendoor Technologies Inc. saw 175.00% 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 Meyer Megan D., who sale 65,722 shares at the price of $3.23 back on Sep 15. After this action, Meyer Megan D. now owns 2,675,085 shares of Opendoor Technologies Inc., valued at $212,611 using the latest closing price.
Meyer Megan D., the President, Sell Direct & Svcs. of Opendoor Technologies Inc., sale 88,142 shares at $3.50 during a trade that took place back on Sep 14, which means that Meyer Megan D. is holding 2,740,807 shares at $308,435 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 -119.70, with -21.80 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 0.49, 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 sum up, Opendoor Technologies Inc. (OPEN) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
