The stock of Opendoor Technologies Inc (OPEN) has gone up by 3.03% for the week, with a 0.14% rise in the past month and a 16.47% rise in the past quarter. The volatility ratio for the week is 6.78%, and the volatility levels for the past 30 days are 9.56% for OPEN. The simple moving average for the last 20 days is 2.22% for OPEN stock, with a simple moving average of -18.62% for the last 200 days.
Is It Worth Investing in Opendoor Technologies Inc (NASDAQ: OPEN) Right Now?
The stock has a 36-month beta value of 2.69. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 0 as “overweight,” 8 as “hold,” and 2 as “sell.”
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The public float for OPEN is 573.45M, and at present, short sellers hold a 15.62% of that float. On September 27, 2024, the average trading volume of OPEN was 29.55M shares.
OPEN) stock’s latest price update
Opendoor Technologies Inc (NASDAQ: OPEN) has seen a rise in its stock price by 2.54 in relation to its previous close of 2.09. However, the company has experienced a 3.03% gain in its stock price over the last five trading sessions. fool.com reported 2024-09-26 that Airbnb has a massive opportunity, and it’s growing into its valuation. Global-e continues to onboard A-list clients and generate double-digit revenue growth.
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 2.18% 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 -56.17% of loss for the given period.
Volatility was left at 9.56%, however, over the last 30 days, the volatility rate increased by 6.78%, as shares surge +1.42% 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 +2.39%, which changed the moving average for the period of 200-days by -40.67% in comparison to the 20-day moving average, which settled at $2.10. In addition, Opendoor Technologies Inc saw -52.16% 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 24,800 shares at the price of $2.16 back on Sep 16 ’24. After this action, Schwartz Christina now owns 759,870 shares of Opendoor Technologies Inc, valued at $53,498 using the latest closing price.
Schaub Sydney, the Chief Legal Officer of Opendoor Technologies Inc, sale 77,376 shares at $2.16 during a trade that took place back on Sep 16 ’24, which means that Schaub Sydney is holding 1,298,351 shares at $166,916 based on the most recent closing price.
Stock Fundamentals for OPEN
Current profitability levels for the company are sitting at:
- -0.08 for the present operating margin
- 0.09 for the gross margin
The net margin for Opendoor Technologies Inc stands at -0.09. The total capital return value is set at -0.12. Equity return is now at value -41.22, with -10.48 for asset returns.
Based on Opendoor Technologies Inc (OPEN), the company’s capital structure generated 0.74 points at debt to capital in total, while cash flow to debt ratio is standing at -0.55. The debt to equity ratio resting at 2.88. The interest coverage ratio of the stock is -2.31.
Currently, EBITDA for the company is -290.0 million with net debt to EBITDA at -5.65. When we switch over and look at the enterprise to sales, we see a ratio of 0.67. The receivables turnover for the company is 189.25for trailing twelve months and the total asset turnover is 1.35.
Conclusion
To sum up, Opendoor Technologies Inc (OPEN) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
