The stock of Opendoor Technologies Inc (NASDAQ: OPEN) has decreased by -1.63 when compared to last closing price of 1.85.Despite this, the company has seen a loss of -13.34% in its stock price over the last five trading days. prnewswire.com reported 2024-06-17 that Why women are still coming last in the creative awards race EACA, NORD DDB, TBWA and ACT Responsible partner up to launch ‘Creative Equality in Advertising 2024’ Report reveals that women are still only winning 24% of the top metal across Europe’s major awards CANNES, France, June 17, 2024 /PRNewswire/ — Women are winning less than a quarter of Europe’s top awards accolades according to a new report. ‘Creative Equality in Advertising 2024’ highlights the persistent issue of gender inequality in the advertising industry, revealing a 3:1 ratio of men in the most highly decorated teams.
Is It Worth Investing in Opendoor Technologies Inc (NASDAQ: OPEN) Right Now?
Moreover, the 36-month beta value for OPEN is 2.70. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for OPEN is 560.14M and currently, short sellers hold 13.05% of that float. On June 21, 2024, OPEN’s average trading volume was 15.47M shares.
OPEN’s Market Performance
OPEN’s stock has seen a 13.34% decrease for the week, with a -19.12% drop in the past month and a -41.86% fall in the past quarter. The volatility ratio for the week is 6.43%, and the volatility levels for the past 30 days are at 5.90% for Opendoor Technologies Inc. The simple moving average for the past 20 days is -14.20% for OPEN’s stock, with a -35.86% simple moving average for the past 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 -17.19% 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 -66.36% of loss for the given period.
Volatility was left at 5.90%, however, over the last 30 days, the volatility rate increased by 6.43%, as shares sank -17.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -26.12% lower at present.
During the last 5 trading sessions, OPEN fell by -13.81%, which changed the moving average for the period of 200-days by -52.18% in comparison to the 20-day moving average, which settled at $2.1015. In addition, Opendoor Technologies Inc saw -59.38% 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 Meyer Megan D., who sale 4,808 shares at the price of $1.86 back on Jun 20 ’24. After this action, Meyer Megan D. now owns 4,608,630 shares of Opendoor Technologies Inc, valued at $8,929 using the latest closing price.
Schwartz Christina sale 8,205 shares at $1.96 during a trade that took place back on Jun 18 ’24, which means that Schwartz Christina is holding 799,592 shares at $16,097 based on the most recent closing price.
Stock Fundamentals for OPEN
Current profitability levels for the company are sitting at:
- -0.07 for the present operating margin
- 0.09 for the gross margin
The net margin for Opendoor Technologies Inc stands at -0.06. The total capital return value is set at -0.1. Equity return is now at value -29.25, with -6.65 for asset returns.
Based on Opendoor Technologies Inc (OPEN), the company’s capital structure generated 0.73 points at debt to capital in total, while cash flow to debt ratio is standing at 0.0. The debt to equity ratio resting at 2.69. The interest coverage ratio of the stock is -1.98.
Currently, EBITDA for the company is -290.0 million with net debt to EBITDA at -5.42. When we switch over and look at the enterprise to sales, we see a ratio of 0.48. The receivables turnover for the company is 333.8for trailing twelve months and the total asset turnover is 1.47.
Conclusion
To wrap up, the performance of Opendoor Technologies Inc (OPEN) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
