Opendoor Technologies Inc (NASDAQ: OPEN) is -62.28% lower on its value in year-to-date trading and has touched a low of $1.52 and a high of $4.84 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 $1.66 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $1.69, the stock is -17.65% and -11.01% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 36.63 million and changing 1.50% at the moment leaves the stock -21.02% off its SMA200. OPEN registered -57.96% loss for a year compared to 6-month loss of -8.65%. The firm has a 50-day simple moving average (SMA 50) of $1.8991 and a 200-day simple moving average (SMA200) of $2.1399.
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The stock witnessed a 3.68% gain in the last 1 month and extending the period to 3 months gives it a -16.75%, and is -11.98% 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 8.75% over the week and 9.38% over the month.
Opendoor Technologies Inc (OPEN) has around 1982 employees, a market worth around $1.23B and $4.94B in sales. Profit margin for the company is -7.49%. Distance from 52-week low is 11.18% and -65.08% from its 52-week high. The company has generated returns on investments over the last 12 months (-13.76%).
with sales reaching $965.35M over the same period.The EPS is expected to shrink by -35.65% this year, but quarterly earnings will post -27.28% year-over-year. Quarterly sales are estimated to grow 10.96% in year-over-year returns.
Opendoor Technologies Inc (OPEN) Top Institutional Holders
377.0 institutions hold shares in Opendoor Technologies Inc (OPEN), with institutional investors hold 61.97% of the company’s shares. The shares outstanding are 711.66M, and float is at 596.18M with Short Float at 11.84%. Institutions hold 55.43% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 88.34 million shares valued at $162.54 million. The investor’s holdings represent 12.9438% of the OPEN Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 53.28 million shares valued at $98.04 million to account for 7.8073 of the shares outstanding. The other top investors are SYLEBRA CAPITAL LLC which holds 27.36 million shares representing 4.009% and valued at over $50.34 million, while RENAISSANCE TECHNOLOGIES LLC holds 3.5628 of the shares totaling 24.31 million with a market value of $44.74 million.
Opendoor Technologies Inc (OPEN) Insider Activity
The most recent transaction is an insider sale by Schaub Sydney, the company’s Chief Legal Officer. SEC filings show that Schaub Sydney sold 74,801 shares of the company’s common stock on Dec 16 ’24 at a price of $1.88 per share for a total of $0.14 million. Following the sale, the insider now owns 1.19 million shares.
Opendoor Technologies Inc disclosed in a document filed with the SEC on Dec 17 ’24 that Schaub Sydney (Chief Legal Officer) sold a total of 557 shares of the company’s common stock. The trade occurred on Dec 17 ’24 and was made at $1.92 per share for $1067.0. Following the transaction, the insider now directly holds 1.19 million shares of the OPEN stock.
Still, SEC filings show that on Dec 16 ’24, WHEELER CARRIE (Chief Executive Officer) disposed off 552,408 shares at an average price of $1.88 for $1.04 million. The insider now directly holds 14,098,112 shares of Opendoor Technologies Inc (OPEN).
