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Are we looking at the next big move in Opendoor Technologies Inc (OPEN)?

Opendoor Technologies Inc (NASDAQ: OPEN) is -37.95% lower on its value in year-to-date trading and has touched a low of $1.25 and a high of $5.41 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 $2.91 in the last trading session, with the day’s loss setting it -0.13%.

Currently trading at $2.78, the stock is -4.43% and -10.84% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.27 million and changing -4.47% at the moment leaves the stock -15.19% off its SMA200. OPEN registered 70.55% gain for a year compared to 6-month gain of 5.30%. The firm has a 50-day simple moving average (SMA 50) of $0.48 and a 200-day simple moving average (SMA200) of $373.58.

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The stock witnessed a -10.61% loss in the last 1 month and extending the period to 3 months gives it a -37.95%, and is -5.76% 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 5.81% over the week and 7.19% over the month.

Opendoor Technologies Inc (OPEN) has around 1982 employees, a market worth around $1.89B and $6.95B in sales. Profit margin for the company is -3.96%. Distance from 52-week low is 122.40% and -48.61% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.87%).

Opendoor Technologies Inc quarterly earnings per share for the current quarter are estimated at -$0.16 with sales reaching $1.09B over the same period.The EPS is expected to shrink by -75.55% this year, but quarterly earnings will post -16.10% year-over-year. Quarterly sales are estimated to shrink -65.20% in year-over-year returns.

Opendoor Technologies Inc (OPEN) Top Institutional Holders

397 institutions hold shares in Opendoor Technologies Inc (OPEN), with institutional investors hold 68.60% of the company’s shares. The shares outstanding are 677.64M, and float is at 544.70M with Short Float at 14.16%. Institutions hold 61.05% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 74.48 million shares valued at $299.42 million. The investor’s holdings represent 11.30% of the OPEN Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 49.19 million shares valued at $197.75 million to account for 7.46% of the shares outstanding. The other top investors are Sylebra Capital Ltd which holds 32.74 million shares representing 4.97% and valued at over $131.6 million, while Slate Path Capital, LP holds 3.21% of the shares totaling 21.18 million with a market value of $85.13 million.

Opendoor Technologies Inc (OPEN) Insider Activity

The most recent transaction is an insider sale by Schwartz Christina. SEC filings show that Schwartz Christina sold 15,000 shares of the company’s common stock on Apr 01 ’24 at a price of $2.92 per share for a total of $43798.0. Following the sale, the insider now owns 0.84 million shares.

Opendoor Technologies Inc disclosed in a document filed with the SEC on Mar 28 ’24 that Meyer Megan D. (President, Sell Direct & Svcs.) sold a total of 4,808 shares of the company’s common stock. The trade occurred on Mar 28 ’24 and was made at $3.08 per share for $14787.0. Following the transaction, the insider now directly holds 4.79 million shares of the OPEN stock.

Still, SEC filings show that on Mar 18 ’24, Schwartz Christina () disposed off 8,508 shares at an average price of $2.90 for $24652.0. The insider now directly holds 852,576 shares of Opendoor Technologies Inc (OPEN).

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