Additionally, the 36-month beta value for OPEN is 2.65. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for OPEN is 544.70M and currently, short sellers hold a 13.47% ratio of that float. The average trading volume of OPEN on March 26, 2024 was 20.26M shares.
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OPEN) stock’s latest price update
Opendoor Technologies Inc (NASDAQ: OPEN) has seen a decline in its stock price by -1.01 in relation to its previous close of 2.98. However, the company has experienced a 2.43% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-25 that The latest trading day saw Opendoor Technologies Inc. (OPEN) settling at $2.95, representing a -1.01% change from its previous close.
OPEN’s Market Performance
Opendoor Technologies Inc (OPEN) has seen a 2.43% rise in stock performance for the week, with a 2.79% gain in the past month and a -29.76% plunge in the past quarter. The volatility ratio for the week is 7.43%, and the volatility levels for the past 30 days are at 7.36% for OPEN. The simple moving average for the last 20 days is 0.32% for OPEN stock, with a simple moving average of -9.73% for the last 200 days.
Analysts’ Opinion of OPEN
Keefe Bruyette, on the other hand, stated in their research note that they expect to see OPEN reach a price target of $3.50. The rating they have provided for OPEN stocks is “Mkt Perform” according to the report published on December 13th, 2023.
Deutsche Bank gave a rating of “Hold” to OPEN, setting the target price at $2.80 in the report published on November 21st of the previous year.
OPEN Trading at -6.39% 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 -45.47% of loss for the given period.
Volatility was left at 7.36%, however, over the last 30 days, the volatility rate increased by 7.43%, as shares sank -3.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.13% lower at present.
During the last 5 trading sessions, OPEN rose by +2.43%, which changed the moving average for the period of 200-days by +26.61% in comparison to the 20-day moving average, which settled at $2.94. In addition, Opendoor Technologies Inc saw -34.15% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at OPEN starting from Schwartz Christina, who sale 8,508 shares at the price of $2.90 back on Mar 18 ’24. After this action, Schwartz Christina now owns 852,576 shares of Opendoor Technologies Inc, valued at $24,652 using the latest closing price.
WHEELER CARRIE, the Chief Executive Officer of Opendoor Technologies Inc, sale 671,158 shares at $2.58 during a trade that took place back on Mar 15 ’24, which means that WHEELER CARRIE is holding 16,028,508 shares at $1,731,319 based on the most recent closing price.
Stock Fundamentals for OPEN
Current profitability levels for the company are sitting at:
- -0.05 for the present operating margin
- 0.07 for the gross margin
The net margin for Opendoor Technologies Inc stands at -0.05. The total capital return value is set at -0.11. Equity return is now at value -26.79, with -5.41 for asset returns.
Based on Opendoor Technologies Inc (OPEN), the company’s capital structure generated 0.72 points at debt to capital in total, while cash flow to debt ratio is standing at 0.93. The debt to equity ratio resting at 2.6. The interest coverage ratio of the stock is -1.81.
Currently, EBITDA for the company is -290.0 million with net debt to EBITDA at -4.48. When we switch over and look at the enterprise to sales, we see a ratio of 0.43. The receivables turnover for the company is 771.78for trailing twelve months and the total asset turnover is 1.95.
Conclusion
In conclusion, Opendoor Technologies Inc (OPEN) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
