Opendoor Technologies Inc. (NASDAQ: OPEN) is -10.03% lower on its value in year-to-date trading and has touched a low of $10.55 and a high of $39.24 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The OPEN stock was last observed hovering at around $22.08 in the last trading session, with the day’s loss setting it -1.63% off its average median price target of $34.00 for the next 12 months. It is also 51.31% off the consensus price target high of $42.00 offered by 6 analysts, but current levels are 31.83% higher than the price target low of $30.00 for the same period.
Currently trading at $20.45, the stock is -20.66% and -26.44% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.54 million and changing -7.38% at the moment leaves the stock 2.74% off its SMA200. OPEN registered a gain of 24.54% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $27.96 and a 200-day simple moving average (SMA200) of $23.54.
The stock witnessed a -27.02% loss in the last 1 month and extending the period to 3 months gives it a -25.23%, and is -26.70% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 12.05% over the week and 12.16% over the month.
Opendoor Technologies Inc. (OPEN) has around 1048 employees, a market worth around $12.32B and $2.58B in sales. Profit margin for the company is -11.10%. Distance from 52-week low is 93.84% and -47.88% from its 52-week high. The company has generated returns on investments over the last 12 months (-9.50%).
Opendoor Technologies Inc. (OPEN) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Opendoor Technologies Inc. (OPEN) is a “Buy”. 6 analysts offering their recommendations for the stock have an average rating of 1.70, where 1 rate it as a Hold and 0 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Opendoor Technologies Inc. quarterly earnings per share for the current quarter are estimated at -$0.48 with sales reaching $618M over the same period.The EPS is expected to shrink by -318.80% this year, but quarterly earnings will post 56.00% year-over-year.
Opendoor Technologies Inc. (OPEN) Top Institutional Holders
93 institutions hold shares in Opendoor Technologies Inc. (OPEN), with 122.46M shares held by insiders accounting for 21.22% while institutional investors hold 39.37% of the company’s shares. The shares outstanding are 577.23M, and float is at 356.84M with Short Float at 2.98%. Institutions hold 31.02% of the Float.
The top institutional shareholder in the company is SB Investment Advisers (UK) LTD with over 73.62 million shares valued at $1.67 billion. The investor’s holdings represent 12.75% of the OPEN Shares outstanding. As of Dec 30, 2020, the second largest holder is VK Services, LLC with 46.12 million shares valued at $1.05 billion to account for 7.99% of the shares outstanding. The other top investors are Magnetar Financial LLC which holds 23.96 million shares representing 4.15% and valued at over $544.62 million, while General Atlantic, LLC holds 3.25% of the shares totaling 18.73 million with a market value of $425.82 million.