Where Does Opendoor Technologies Inc. (OPEN) Rank When It Comes To Price-To-Earnings Ratio?


Opendoor Technologies Inc. (NASDAQ:OPEN) finished Thursday with a subtraction of -$0.21 to close at $3.04, a downside of -6.46 percent. An average of 26,812,020 shares of common stock have been traded in the last five days. There was a fall of -$1.15 in the past week, and it reached a new high 10 times over the past 12 months. The last 20 days have seen an average of 17,362,391 shares traded, while the 50-day average volume stands at 18,444,955.

OPEN stock has decreased by -34.62% in the last month. The company shares reached their 1-month lowest point of $3.01 on 09/22/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $3.23 and a high of $25.33 in 52 weeks. It has reached a new high 1 time so far this year and lost -79.19% or -$11.57 in price. In spite of this, the price is down -88.00% from the 52-week high.

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Insider Transactions

7 days have passed since Opendoor Technologies Inc. (OPEN) last reported insider trading activity. WHEELER CARRIE, who is CFO, most recently acquired $115,378 shares at $4.06 per share on Sep 16. In this transaction, the insider spent $468,988. President, Low Ah Kee Andrew, disposed of 183,782 shares at a price of $5.26 on Aug 17. The insider now owns more than $967,612 worth of shares. Prior to that, CEO Wu Eric Chung-Wei went on to Sale 82,288 shares at $5.26 each on Aug 17. An amount of $433,246 was transacted.

Valuation Metrics

Opendoor Technologies Inc. (OPEN) has a trailing price-to-sales (P/S) ratio at 0.13, the price-to-book (PB) ratio at 0.81.

Financial Health

The quick ratio of Opendoor Technologies Inc. for the three months ended June 29 was 0.90, and the current ratio was 2.80, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.75 and a total debt to equity ratio of 3.19 for the quarter ending June 29. Its gross profit as reported stood at $730.0 million compared to revenue of $8.02 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Opendoor Technologies Inc.’s return on assets was -3.00%.

Earnings Surprise

For the three-month period that ended June 29, Opendoor Technologies Inc. had $233.0 million in cash and short-term investments compared to $3.18 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$54.0 million in the quarter, while revenues were shrunk -400.81%. The analyst consensus anticipated Opendoor Technologies Inc.’s latest quarter earnings to come in at $0.08 per share, but it turned out to be -$0.09, a -212.50% surprise. For the quarter, EBITDA amounted to $54.0 million. Shareholders own equity worth $628.89 million.

Technical Picture

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 22 September was 18.81%, suggesting the stock is oversold, with historical volatility in this time frame at 76.66%.

As of today, OPEN’s price is $3.56 -27.45% or -$1.15 from its 5-day moving average. OPEN is currently trading -34.20% lower than its 20-day SMA and -56.51% lower than its 100-day SMA. However, the stock’s current price level is -41.87% below the SMA50 and -79.65% below the SMA200.

The stochastic %K and %D were 1.92% and 4.17%, respectively, and the average true range (ATR) was 0.32. With the 14-day stochastic at 1.46% and the average true range at 0.34, the RSI (14) stands at 26.38%. The stock has reached -0.70 on the 9-day MACD Oscillator while the 14-day reading was at -0.86.

Analyst Ratings

JP Morgan launched coverage on Opendoor Technologies Inc. (NASDAQ: OPEN) in its analyst report released on July 28, 2022. The firm assigned the stock an Overweight rating. 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 4 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 8 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 $5.25 and $19.00, with a median target of $7.63. Taking a look at these predictions, the average price target given by analysts for Opendoor Technologies Inc. (OPEN) stock is $8.71.


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