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Will Opendoor Technologies Inc (OPEN) benefit from Wall Street bulls Calls?

Opendoor Technologies Inc (NASDAQ: OPEN) is -45.31% lower on its value in year-to-date trading and has touched a low of $1.80 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 $2.48 in the last trading session, with the day’s loss setting it -0.03%.

Currently trading at $2.45, the stock is 12.44% and -4.10% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 20.48 million and changing -1.21% at the moment leaves the stock -19.45% off its SMA200. OPEN registered 25.64% gain for a year compared to 6-month gain of 17.79%.

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The stock witnessed a 11.87% loss in the last 1 month and extending the period to 3 months gives it a -24.38%, and is 8.89% 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 7.26% over the week and 7.39% over the month.

Opendoor Technologies Inc (OPEN) has around 1982 employees, a market worth around $1.69B and $5.01B in sales. Profit margin for the company is -5.65%. Distance from 52-week low is 36.11% and -54.71% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.50%).

The EPS is expected to shrink by -43.69% this year.

Opendoor Technologies Inc (OPEN) Top Institutional Holders

The shares outstanding are 677.64M, and float is at 557.82M with Short Float at 12.73%.

Opendoor Technologies Inc (OPEN) Insider Activity

The most recent transaction is an insider sale by Meyer Megan D.,the company’sPresident, Sell Direct & Svcs. SEC filings show that Meyer Megan D. sold 4,808 shares of the company’s common stock on May 09 ’24 at a price of $2.26 per share for a total of $10875.0. Following the sale, the insider now owns 4.69 million shares.

Opendoor Technologies Inc disclosed in a document filed with the SEC on May 07 ’24 that Schaub Sydney (Chief Legal Officer) sold a total of 2,513 shares of the company’s common stock. The trade occurred on May 07 ’24 and was made at $2.33 per share for $5855.0. Following the transaction, the insider now directly holds 1.45 million shares of the OPEN stock.

Still, SEC filings show that on Apr 25 ’24, Meyer Megan D. (President, Sell Direct & Svcs.) disposed off 4,808 shares at an average price of $2.06 for $9904.0. The insider now directly holds 4,692,644 shares of Opendoor Technologies Inc (OPEN).

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