Opendoor Technologies Inc. (NASDAQ: OPEN) is 43.97% higher on its value in year-to-date trading and has touched a low of $0.92 and a high of $10.05 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 $1.62 in the last trading session, with the day’s gains setting it 0.05% off its average median price target of $3.00 for the next 12 months. It is also 83.3% off the consensus price target high of $10.00 offered by 12 analysts, but current levels are -67.0% lower than the price target low of $1.00 for the same period.
Currently trading at $1.67, the stock is 3.99% and -3.13% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 27.64 million and changing 3.09% at the moment leaves the stock -48.71% off its SMA200. OPEN registered -76.35% loss for a year compared to 6-month loss of -61.16%.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
Sponsored
The stock witnessed a -22.69% gain in the last 1 month and extending the period to 3 months gives it a 9.15%, and is 23.25% 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 18.25% over the week and 13.27% over the month.
Opendoor Technologies Inc. (OPEN) has around 2570 employees, a market worth around $1.22B and $15.57B in sales. Profit margin for the company is -8.70%. Distance from 52-week low is 82.12% and -83.38% from its 52-week high. The company has generated returns on investments over the last 12 months (-14.90%).
Opendoor Technologies Inc. (OPEN) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Opendoor Technologies Inc. (OPEN) is a “Hold”. 12 analysts offering their recommendations for the stock have an average rating of 2.60, where 4 rate it as a Hold and 0 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.
The EPS is expected to shrink by -93.10% this year
Opendoor Technologies Inc. (OPEN) Top Institutional Holders
The shares outstanding are 634.68M, and float is at 537.71M with Short Float at 17.15%.
Opendoor Technologies Inc. (OPEN) Insider Activity
A total of 41 insider transactions have happened at Opendoor Technologies Inc. (OPEN) in the last six months, with sales accounting for 38 and purchases happening 3 times. The most recent transaction is an insider sale by WHEELER CARRIE, the company’s Chief Executive Officer. SEC filings show that WHEELER CARRIE sold 394,700 shares of the company’s common stock on Mar 01 at a price of $1.36 per share for a total of $0.54 million. Following the sale, the insider now owns 18.67 million shares.
Opendoor Technologies Inc. disclosed in a document filed with the SEC on Feb 15 that Wu Eric Chung-Wei (Director) sold a total of 52,335 shares of the company’s common stock. The trade occurred on Feb 15 and was made at $2.26 per share for $0.12 million. Following the transaction, the insider now directly holds 30.68 million shares of the OPEN stock.
Still, SEC filings show that on Feb 10, Wu Eric Chung-Wei (Director) disposed off 100,000 shares at an average price of $1.92 for $0.19 million. The insider now directly holds 30,732,093 shares of Opendoor Technologies Inc. (OPEN).
