Opendoor Technologies Inc. (NASDAQ:OPEN) finished Wednesday with an addition of $0.24 to close at $23.49, an upside of 1.03 percent. An average of 14,164,020 shares of common stock have been traded in the last five days. There was a gain of $3.77 in the past week. The last 20 days have seen an average of 12,679,229 shares traded, while the 50-day average volume stands at 13,167,376.
OPEN stock has increased by 38.99% in the last month. The company shares reached their 1-month lowest point of $16.67 on 09/15/21. With the stock rallying to its 52-week high on 02/11/21, shares of the company touched a low of $13.44 and a high of $39.24 in 52 weeks. In spite of this, the price is down -40.14% from the 52-week high.
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28 days have passed since Opendoor Technologies Inc. (OPEN) last reported insider trading activity. SVF Excalibur (Cayman) Ltd, who is 10% Owner, most recently acquired $32,200,000 shares at $16.69 per share on Sep 16. In this transaction, the insider spent $537,418,000. CEO, Wu Eric Chung-Wei, disposed of 45,210 shares at a price of $15.27 on Aug 16. The insider now owns more than $690,293 worth of shares. Prior to that, CEO Wu Eric Chung-Wei went on to Sale 34,129 shares at $14.51 each on Aug 05. An amount of $495,362 was transacted.
Opendoor Technologies Inc. (OPEN) has a trailing price-to-earnings (P/E) ratio of 17.60 for the broader industry and 38.25 for the sector. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.39, the price-to-book (PB) ratio at 5.72.
The quick ratio of Opendoor Technologies Inc. for the three months ended June 29 was 1.10, and the current ratio was 2.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.25 and a total debt to equity ratio of 0.95 for the quarter ending June 29. Its gross profit as reported stood at $219.8 million compared to revenue of $2.58 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. For the broader industry, ROE averaged 6.48 over the past year.
For the three-month period that ended June 29, Opendoor Technologies Inc. had $200.14 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.19 billion in the quarter, while revenues of $747.27 million were grew 100.0%. The analyst consensus anticipated Opendoor Technologies Inc.’s latest quarter earnings to come in at -$0.34 per share, but it turned out to be -$0.24, a 29.40% surprise. For the quarter, EBITDA amounted to -$144.64 million. Shareholders own equity worth $604.64 million.
From a technical analysis perspective, let’s take a brief look at Opendoor Technologies Inc. (OPEN) price momentum. RSI 9-day as of the close on 13 October was 78.14%, suggesting the stock is Overbought, with historical volatility in this time frame at 60.89%.
As of today, OPEN’s price is $22.12 +19.12% or $3.77 from its 5-day moving average. OPEN is currently trading +38.18% higher than its 20-day SMA and +55.36% higher than its 100-day SMA. However, the stock’s current price level is +65.77% above the SMA50 and -4.16% below the SMA200.
The stochastic %K and %D were 93.11% and 88.52%, respectively, and the average true range (ATR) was 1.14. With the 14-day stochastic at 98.54% and the average true range at 1.08, the RSI (14) stands at 72.88%. The stock has reached 1.90 on the 9-day MACD Oscillator while the 14-day reading was at 2.12.
The consensus rating for Opendoor Technologies Inc. (OPEN) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell OPEN, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 others rate it as a “buy”.
What is OPEN’s price target for the next 12 months?
Analysts predict a range of price targets between $19.00 and $42.00, with a median target of $35.00. Taking a look at these predictions, the average price target given by analysts for Opendoor Technologies Inc. (OPEN) stock is $32.67.