Opendoor Technologies Inc. (OPEN): What is Its Dividend Yield?

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Opendoor Technologies Inc. (NASDAQ:OPEN) saw an upside of 8.75% to close Monday at $1.74 after adding $0.14 on the day. The 5-day average trading volume is 22,032,500 shares of the company’s common stock. It has gained $1.8850 in the past week and touched a new high 2 times within the past 5 days. An average of 24,490,449 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 26,197,080.

OPEN’s 1-month performance is 38.10% or $0.7200 on its low of $0.9170 reached on 12/27/22. The company’s shares have touched a 52-week low of $0.92 and high of $11.39, with the stock’s rally to the 52-week high happening on 01/18/23. YTD, OPEN has achieved 50.00% or $0.5800 and has reached a new high 7 times. However, the current price is down -84.72% from the 52-week high price.

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Insider Transactions

OPEN stock investors last saw insider trading activity on Jan 18.Schwartz Christina () most recently sold 4,647 shares at $1.64 per share on Jan 18. This transaction cost the insider $7,625., Schwartz Christina, sold 25,264 shares at a price of $1.67 on Jan 17. Then, on Jan 10, Director Wu Eric Chung-Wei sold 100,000 shares at a price of $1.22 per share. This transaction amounted to $121,900.

Valuation Metrics

Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.06 while the price-to-book (PB) in the most recent quarter is 0.74.

Opendoor Technologies Inc.’s quick ratio for the period ended September 29 was 1.00, with the current ratio over the same period at 2.70. As well, the company’s long term debt to equity for the quarter ending September 29 was 3.13, while the total debt to equity was 5.40. In terms of profitability, the gross margin trailing 12 months is 5.20%. The firm’s gross profit as reported stood at $730.0 million against revenue of $8.02 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Opendoor Technologies Inc.’s cash and short-term investments amounted to $178.0 million against total debt of $8.07 billion. Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 84.5% to -$928.0 million, while revenue of -$54.0 million was 94.18% off the previous quarter. Analysts expected OPEN to announce -$0.63 per share in earnings in its latest quarter, but it posted -$1.47, representing a -133.30% surprise. EBITDA for the quarter stood at more than -$787.0 million. OPEN stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 8.3 billion, with total debt at $8.07 billion. Shareholders hold equity totaling $634.2 million.

Let’s look briefly at Opendoor Technologies Inc. (OPEN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 67.08% to suggest the stock is trending Neutral, with historical volatility in this time period at 102.95%.

The stock’s 5-day moving average is $1.6360, reflecting a +4.82% or $0.0800 change from its current price. OPEN is currently trading +52.63% above its 20-day SMA, -61.25% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +6.10% and SMA200 by-79.16%.

Stochastic %K and %D was 67.84% and 68.12% and the average true range (ATR) pointed at 0.1813. The RSI (14) points at 60.89%, while the 14-day stochastic is at 83.04% with the period’s ATR at 0.1816. The stock’s 9-day MACD Oscillator is pointing at 0.0400 and 0.1914 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Opendoor Technologies Inc. (NASDAQ: OPEN), Truist downgraded it to a Hold rating. They previously had a Buy rating on the stock. Analysts offering their rating for OPEN stock have a consensus rating for the stock as Overweight. Currently, 2 brokerage advisors rate OPEN as a “sell,”, while 3 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 8 have offered a “buy” rating.

What is OPEN’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $1.00 and a high of $13.00, with their median price target at $3.75. Looking at these predictions, the average price target given by analysts is for Opendoor Technologies Inc. (OPEN) stock is $4.32.

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