Opendoor Technologies Inc (NASDAQ: OPEN) is -34.82% lower on its value in year-to-date trading and has touched a low of $1.68 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 $2.54 in the last trading session, with the day’s gains setting it 0.38%.
Currently trading at $2.92, the stock is 51.65% and 38.30% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 45.91 million and changing 14.96% at the moment leaves the stock 6.91% off its SMA200. OPEN registered -34.23% loss for a year compared to 6-month loss of -16.81%.
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The stock witnessed a 39.05% gain in the last 1 month and extending the period to 3 months gives it a 33.33%, and is 53.68% 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 10.42% over the week and 7.38% over the month.
Opendoor Technologies Inc (OPEN) has around 1982 employees, a market worth around $2.02B and $5.01B in sales. Profit margin for the company is -5.65%. Distance from 52-week low is 73.81% and -46.03% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.50%).
with sales reaching $1.47B over the same period.The EPS is expected to shrink by -43.69% this year, but quarterly earnings will post -16.80% year-over-year. Quarterly sales are estimated to shrink -25.70% in year-over-year returns.
Opendoor Technologies Inc (OPEN) Top Institutional Holders
The shares outstanding are 677.64M, and float is at 560.46M with Short Float at 15.00%.
Opendoor Technologies Inc (OPEN) Insider Activity
The most recent transaction is an insider sale by Schaub Sydney,the company’sChief Legal Officer. SEC filings show that Schaub Sydney sold 2,513 shares of the company’s common stock on Jul 09 ’24 at a price of $1.82 per share for a total of $4574.0. Following the sale, the insider now owns 1.39 million shares.
Opendoor Technologies Inc disclosed in a document filed with the SEC on Jul 05 ’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 Jul 05 ’24 and was made at $1.76 per share for $8444.0. Following the transaction, the insider now directly holds 4.6 million shares of the OPEN stock.
Still, SEC filings show that on Jun 20 ’24, Meyer Megan D. (President, Sell Direct & Svcs.) disposed off 4,808 shares at an average price of $1.86 for $8929.0. The insider now directly holds 4,608,630 shares of Opendoor Technologies Inc (OPEN).
