Offerpad Solutions Inc (NYSE: OPAD) is -49.00% lower on its value in year-to-date trading and has touched a low of $0.91 and a high of $5.13 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 OPAD stock was last observed hovering at around $2.83 in the last trading session, with the day’s loss setting it -0.54%.
Currently trading at $2.29, the stock is 42.02% and 81.75% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.17 million and changing -19.08% at the moment leaves the stock 1.27% off its SMA200. OPAD registered -19.65% loss for a year compared to 6-month loss of -10.89%. The firm has a 50-day simple moving average (SMA 50) of $1.26002 and a 200-day simple moving average (SMA200) of $2.261315.
The stock witnessed a 148.94% gain in the last 1 month and extending the period to 3 months gives it a 63.57%, and is -1.29% 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 60.25% over the week and 26.18% over the month.
Offerpad Solutions Inc (OPAD) has around 200 employees, a market worth around $63.46M and $794.16M in sales. Profit margin for the company is -7.52%. Distance from 52-week low is 151.65% and -55.36% from its 52-week high. The company has generated returns on investments over the last 12 months (-123.96%).
The EPS is expected to grow by 38.22% this year
82.0 institutions hold shares in Offerpad Solutions Inc (OPAD), with institutional investors hold 76.65% of the company’s shares. The shares outstanding are 27.54M, and float is at 22.42M with Short Float at 4.72%. Institutions hold 63.71% of the Float.
The top institutional shareholder in the company is LL FUNDS, LLC with over 6.68 million shares valued at $29.54 million. The investor’s holdings represent 24.4461 of the OPAD Shares outstanding. As of 2024-06-30, the second largest holder is FIRST AMERICAN FINANCIAL CORP with 5.12 million shares valued at $22.63 million to account for 18.6939 of the shares outstanding. The other top investors are KEMNAY ADVISORY SERVICES INC. which holds 1.38 million shares representing 5.0375 and valued at over $6.1 million, while ULYSSES MANAGEMENT LLC holds 2.8186 of the shares totaling 0.77 million with a market value of $3.41 million.
