Opendoor Technologies Inc. (NASDAQ: OPEN) is 37.93% higher on its value in year-to-date trading and has touched a low of $0.92 and a high of $11.39 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The OPEN stock was last observed hovering at around $1.49 in the last trading session, with the day’s gains setting it 0.11% off its average median price target of $3.75 for the next 12 months. It is also 87.69% off the consensus price target high of $13.00 offered by 14 analysts, but current levels are -60.0% lower than the price target low of $1.00 for the same period.
Currently trading at $1.60, the stock is 26.58% and 6.31% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.12 million and changing 7.38% at the moment leaves the stock -62.73% off its SMA200. OPEN registered -83.98% loss for a year compared to 6-month loss of -71.48%.
The stock witnessed a 20.30% gain in the last 1 month and extending the period to 3 months gives it a -30.74%, and is -1.84% 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 13.68% over the week and 13.08% over the month.
Opendoor Technologies Inc. (OPEN) has around 2816 employees, a market worth around $945.01M and $16.53B in sales. Profit margin for the company is -6.90%. Distance from 52-week low is 74.48% and -85.95% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.10%).
Opendoor Technologies Inc. (OPEN) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Opendoor Technologies Inc. (OPEN) is a “Overweight”. 14 analysts offering their recommendations for the stock have an average rating of 2.40, where 3 rate it as a Hold and 0 think it is a “Overweight”. 8 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.
Opendoor Technologies Inc. is expected to release its quarterly report on 05/09/2023.The EPS is expected to shrink by -138.80% this year.
Opendoor Technologies Inc. (OPEN) Top Institutional Holders
The shares outstanding are 629.53M, and float is at 537.71M with Short Float at 15.61%.
Opendoor Technologies Inc. (OPEN) Insider Activity
A total of 34 insider transactions have happened at Opendoor Technologies Inc. (OPEN) in the last six months, with sales accounting for 32 and purchases happening 2 times. The most recent transaction is an insider sale by Schwartz Christina. SEC filings show that Schwartz Christina sold 4,647 shares of the company’s common stock on Jan 18 at a price of $1.64 per share for a total of $7625.0. Following the sale, the insider now owns 0.8 million shares.
Opendoor Technologies Inc. disclosed in a document filed with the SEC on Jan 17 that Schwartz Christinasold a total of 25,264 shares of the company’s common stock. The trade occurred on Jan 17 and was made at $1.67 per share for $42249.0. Following the transaction, the insider now directly holds 0.8 million shares of the OPEN stock.
Still, SEC filings show that on Jan 10, Wu Eric Chung-Wei (Director) disposed off 100,000 shares at an average price of $1.22 for $0.12 million. The insider now directly holds 28,991,868 shares of Opendoor Technologies Inc. (OPEN).