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Offerpad Solutions Inc. (OPAD) Volatility At 18.00%, Should You Add A Position?

Offerpad Solutions Inc. (NYSE: OPAD) is 19.46% higher on its value in year-to-date trading and has touched a low of $0.38 and a high of $6.37 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 OPAD stock was last observed hovering at around $0.54 in the last trading session, with the day’s gains setting it 0.01% off its average median price target of $1.00 for the next 12 months. It is also 68.57% off the consensus price target high of $1.75 offered by 8 analysts, but current levels are -57.14% lower than the price target low of $0.35 for the same period.

Currently trading at $0.55, the stock is -10.94% and -20.48% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.7 million and changing 2.19% at the moment leaves the stock -61.70% off its SMA200. OPAD registered -85.86% loss for a year compared to 6-month loss of -61.26%.

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The stock witnessed a -34.59% gain in the last 1 month and extending the period to 3 months gives it a -14.75%, and is 3.79% up 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 18.00% over the week and 14.93% over the month.

Offerpad Solutions Inc. (OPAD) has around 900 employees, a market worth around $143.91M and $3.95B in sales. Profit margin for the company is -3.80%. Distance from 52-week low is 46.62% and -91.36% from its 52-week high. The company has generated returns on investments over the last 12 months (-16.20%).

Offerpad Solutions Inc. (OPAD) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Offerpad Solutions Inc. (OPAD) is a “Overweight”. 8 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”. 4 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

Offerpad Solutions Inc. is expected to release its quarterly report on 05/03/2023.The EPS is expected to grow by 29.50% this year

Offerpad Solutions Inc. (OPAD) Top Institutional Holders

The shares outstanding are 247.40M, and float is at 205.72M with Short Float at 5.09%.

Offerpad Solutions Inc. (OPAD) Insider Activity

A total of 8 insider transactions have happened at Offerpad Solutions Inc. (OPAD) in the last six months, with sales accounting for 0 and purchases happening 8 times. The most recent transaction is an insider purchase by Sella Roberto Marco, the company’s Director. SEC filings show that Sella Roberto Marco bought 140,359 shares of the company’s common stock on Aug 11 at a price of $1.68 per share for a total of $0.24 million. Following the purchase, the insider now owns 1.38 million shares.

Offerpad Solutions Inc. disclosed in a document filed with the SEC on Aug 10 that Sella Roberto Marco (Director) bought a total of 359,641 shares of the company’s common stock. The trade occurred on Aug 10 and was made at $1.70 per share for $0.61 million. Following the transaction, the insider now directly holds 1.24 million shares of the OPAD stock.

Still, SEC filings show that on Aug 09, Sella Roberto Marco (Director) acquired 500,000 shares at an average price of $1.69 for $0.85 million. The insider now directly holds 878,106 shares of Offerpad Solutions Inc. (OPAD).

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