The stock of Opendoor Technologies Inc (NASDAQ: OPEN) has decreased by -0.41 when compared to last closing price of 2.47. Despite this, the company has experienced a 0.40% gain in its stock price over the last five trading sessions. fool.com reported 2024-07-26 that Opendoor operates a disruptive AI-powered real estate platform. It’s been crushed under the weight of high mortgage rates and a stagnant real estate industry.
Is It Worth Investing in Opendoor Technologies Inc (NASDAQ: OPEN) Right Now?
The 36-month beta value for OPEN is also noteworthy at 2.62. 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.”
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The public float for OPEN is 560.61M, and at present, short sellers hold a 15.89% of that float. The average trading volume of OPEN on July 26, 2024 was 18.20M shares.
OPEN’s Market Performance
OPEN stock saw an increase of 0.40% in the past week, with a monthly gain of 33.69% and a quarterly increase of 18.84%. The volatility ratio for the week is 8.59%, and the volatility levels for the last 30 days are 9.04% for Opendoor Technologies Inc (OPEN). The simple moving average for the past 20 days is 11.97% for OPEN’s stock, with a -9.92% 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 13.73% 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 -54.53% of loss for the given period.
Volatility was left at 9.04%, however, over the last 30 days, the volatility rate increased by 8.59%, as shares surge +30.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.12% upper at present.
During the last 5 trading sessions, OPEN rose by +0.12%, which changed the moving average for the period of 200-days by +0.95% in comparison to the 20-day moving average, which settled at $2.23. In addition, Opendoor Technologies Inc saw -45.09% 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 $2.64 back on Jul 18 ’24. After this action, Meyer Megan D. now owns 4,484,257 shares of Opendoor Technologies Inc, valued at $12,716 using the latest closing price.
Schwartz Christina sale 3,629 shares at $2.82 during a trade that took place back on Jul 16 ’24, which means that Schwartz Christina is holding 779,670 shares at $10,238 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 0.56. The receivables turnover for the company is 333.8for trailing twelve months and the total asset turnover is 1.47.
Conclusion
In summary, Opendoor Technologies Inc (OPEN) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
