The stock of Opendoor Technologies Inc (OPEN) has gone down by -13.33% for the week, with a -18.18% drop in the past month and a -34.27% drop in the past quarter. The volatility ratio for the week is 5.72%, and the volatility levels for the past 30 days are 6.92% for OPEN. The simple moving average for the last 20 days is -16.74% for OPEN’s stock, with a simple moving average of -28.32% for the last 200 days.
Is It Worth Investing in Opendoor Technologies Inc (NASDAQ: OPEN) Right Now?
OPEN has 36-month beta value of 2.68. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for OPEN is 544.72M, and currently, short sellers hold a 13.26% ratio of that float. The average trading volume of OPEN on April 15, 2024 was 19.35M shares.
OPEN) stock’s latest price update
The stock price of Opendoor Technologies Inc (NASDAQ: OPEN) has dropped by -4.88 compared to previous close of 2.46. Despite this, the company has seen a fall of -13.33% in its stock price over the last five trading days. The Motley Fool reported 2024-04-10 that Investors in the sector were spooked about the latest readout on inflation. The Consumer Price Index ticked up higher than expected in March and topped the February figure.
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 -22.07% 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 -56.75% of loss for the given period.
Volatility was left at 6.92%, however, over the last 30 days, the volatility rate increased by 5.72%, as shares sank -11.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -31.58% lower at present.
During the last 5 trading sessions, OPEN fell by -13.33%, which changed the moving average for the period of 200-days by -31.18% in comparison to the 20-day moving average, which settled at $2.80. In addition, Opendoor Technologies Inc saw -47.77% 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 Schaub Sydney, who sale 2,513 shares at the price of $2.73 back on Apr 09 ’24. After this action, Schaub Sydney now owns 1,451,339 shares of Opendoor Technologies Inc, valued at $6,860 using the latest closing price.
Schwartz Christina, the of Opendoor Technologies Inc, sale 15,000 shares at $2.92 during a trade that took place back on Apr 01 ’24, which means that Schwartz Christina is holding 837,576 shares at $43,798 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 0.37. The receivables turnover for the company is 771.78for trailing twelve months and the total asset turnover is 1.95.
Conclusion
To put it simply, Opendoor Technologies Inc (OPEN) has had a bad 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.
