The stock price of Opendoor Technologies Inc (NASDAQ: OPEN) has plunged by -6.88 when compared to previous closing price of 2.47, but the company has seen a 13.86% gain in its stock price over the last five trading sessions. GlobeNewsWire reported 2023-11-16 that SAN FRANCISCO, Nov. 16, 2023 (GLOBE NEWSWIRE) — Opendoor Technologies Inc. (“Opendoor”) (Nasdaq: OPEN), a leading e-commerce platform for residential real estate transactions, today announced that Carrie Wheeler, Chief Executive Officer, will speak at the UBS Global Technology Conference on Tuesday, November 28, 2023 at 12:35pm PT/3:35pm ET. A live webcast of the presentation will be available at investor.opendoor.com.

Is It Worth Investing in Opendoor Technologies Inc (NASDAQ: OPEN) Right Now?

compared to its average ratio and a 36-month beta value of 2.44. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 6 as “hold,” and 2 as “sell.”

The average price point forecasted by analysts for Opendoor Technologies Inc (OPEN) is $2.24, which is -$0.06 below the current market price. The public float for OPEN is 540.23M, and currently, short sellers hold a 13.56% ratio of that float. The average trading volume of OPEN on November 16, 2023 was 16.92M shares.

OPEN’s Market Performance

OPEN’s stock has seen a 13.86% increase for the week, with a 0.88% rise in the past month and a -27.22% fall in the past quarter. The volatility ratio for the week is 8.41%, and the volatility levels for the past 30 days are at 9.97% for Opendoor Technologies Inc The simple moving average for the last 20 days is 8.64% for OPEN stock, with a simple moving average of -12.07% for the last 200 days.

Analysts’ Opinion of OPEN

Many brokerage firms have already submitted their reports for OPEN stocks, with UBS repeating the rating for OPEN by listing it as a “Neutral.” The predicted price for OPEN in the upcoming period, according to UBS is $2.75 based on the research report published on September 29, 2023 of the current year 2023.

OPEN Trading at -9.63% 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 -57.49% of loss for the given period.

Volatility was left at 9.97%, however, over the last 30 days, the volatility rate increased by 8.41%, as shares surge +6.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -38.55% lower at present.

During the last 5 trading sessions, OPEN rose by +15.59%, which changed the moving average for the period of 200-days by -2.71% in comparison to the 20-day moving average, which settled at $2.12. In addition, Opendoor Technologies Inc saw 98.28% 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 Schaub Sydney, who sale 20,078 shares at the price of $2.05 back on Nov 10. After this action, Schaub Sydney now owns 1,280,373 shares of Opendoor Technologies Inc, valued at $41,196 using the latest closing price.

Meyer Megan D., the President, Sell Direct & Svcs. of Opendoor Technologies Inc, sale 4,808 shares at $2.08 during a trade that took place back on Nov 09, which means that Meyer Megan D. is holding 2,628,382 shares at $9,992 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 -46.49, with -8.49 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 0.56, 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.