Opendoor Technologies Inc. (NASDAQ: OPEN) is -27.67% 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 $17.40 in the last trading session, with the day’s loss setting it -0.96% off its average median price target of $34.00 for the next 12 months. It is also 60.86% off the consensus price target high of $42.00 offered by 6 analysts, but current levels are 45.2% higher than the price target low of $30.00 for the same period.
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Currently trading at $16.44, the stock is -22.59% and -35.82% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 24.53 million and changing -5.52% at the moment leaves the stock -19.24% off its SMA200. OPEN registered a gain of -28.24% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $26.41 and a 200-day simple moving average (SMA200) of $23.87.
The stock witnessed a -40.28% loss in the last 1 month and extending the period to 3 months gives it a -41.62%, and is -20.19% 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 7.34% over the week and 7.94% over the month.
Opendoor Technologies Inc. (OPEN) has around 1048 employees, a market worth around $10.19B and $2.58B in sales. Profit margin for the company is -11.10%. Distance from 52-week low is 55.83% and -58.10% 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 $620.18M over the same period.The EPS is expected to shrink by -318.80% this year, but quarterly earnings will post 56.10% year-over-year.
Opendoor Technologies Inc. (OPEN) Top Institutional Holders
145 institutions hold shares in Opendoor Technologies Inc. (OPEN), with 88.18M shares held by insiders accounting for 15.28% while institutional investors hold 61.04% of the company’s shares. The shares outstanding are 577.23M, and float is at 356.87M with Short Float at 8.09%. Institutions hold 51.72% 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.