Offerpad Solutions Inc. (NYSE:OPAD) trading with an addition of $0.33 to $8.42 on Thursday, an upside of 4.08 percent. An average of 2,510,644 shares of common stock have been traded in the last five days. There was a gain of $0.82 in the past week. The last 20 days have seen an average of 3,182,356 shares traded, while the 50-day average volume stands at 4,473,532.
OPAD stock has decreased by -26.85% in the last month. The company shares reached their 1-month lowest point of $6.80 on 10/04/21. Shares of the company touched a low of $6.80 and a high of $20.97 in 52 weeks. It has reached a new high 5 times so far this year and lost -26.45% or -$2.43 in price. In spite of this, the price is down -59.85% from the 52-week high.
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Offerpad Solutions Inc. (OPAD) has a trailing price-to-earnings (P/E) ratio of 17.60 for the broader industry and 38.52 for the sector. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.51, the price-to-book (PB) ratio at 1.16.
The quick ratio of Offerpad Solutions Inc. for the recent quarter was 0.10, and the current ratio was 0.10, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the recent quarter.
From a technical analysis perspective, let’s take a brief look at Offerpad Solutions Inc. (OPAD) price momentum. RSI 9-day as of the close on 13 October was 45.75%, suggesting the stock is Neutral, with historical volatility in this time frame at 105.48%.
As of today, OPAD’s price is $8.45 +10.56% or $0.82 from its 5-day moving average. OPAD is currently trading -57.09% lower than its 20-day SMA and -13.45% lower than its 100-day SMA. However, the stock’s current price level is -13.45% below the SMA50 and -22.25% below the SMA200.
The stochastic %K and %D were 37.05% and 33.17%, respectively, and the average true range (ATR) was 1.09. With the 14-day stochastic at 43.88% and the average true range at 1.24, the RSI (14) stands at 45.44%. The stock has reached 0.23 on the 9-day MACD Oscillator while the 14-day reading was at -0.15.
JMP Securities launched coverage on Offerpad Solutions Inc. (NYSE: OPAD) in its analyst report released on October 14, 2021. The firm assigned the stock a a Mkt outperform rating.The consensus rating for Offerpad Solutions Inc. (OPAD) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell OPAD, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is OPAD’s price target for the next 12 months?
Analysts predict a range of price targets between $11.00 and $11.00, with a median target of $11.00. Taking a look at these predictions, the average price target given by analysts for Offerpad Solutions Inc. (OPAD) stock is $11.00.