On November 20, 2023, Opendoor Technologies Inc (NASDAQ: OPEN) opened at $2.50, higher 2.04% from the last session. During the day, the shares moved up to $2.615 and dropped to $2.45 before settling in for the closing price of $2.45. Price fluctuations for OPEN have ranged from $0.92 to $5.41 over the past 52 weeks.
Real Estate Sector giant saw their annual sales surged by 86.37% over the last five years. Company’s average yearly earnings per share was noted 75.21% at the time writing. With a float of $540.25 million, this company’s outstanding shares have now reached $637.39 million.
The firm has a total of 2570 workers. Let’s measure their productivity. In terms of profitability, gross margin is +4.28, operating margin of -5.47, and the pretax margin is -8.68.
Opendoor Technologies Inc (OPEN) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Real Estate Services industry is another important factor to consider. The insider ownership of Opendoor Technologies Inc is 19.37%, while institutional ownership is 59.28%. The most recent insider transaction that took place on Nov 15, was worth 172,919. In this transaction Director of this company sold 70,201 shares at a rate of $2.46, taking the stock ownership to the 19,009,219 shares. Before that another transaction happened on Nov 10, when Company’s Chief Legal Officer sold 20,078 for $2.05, making the entire transaction worth $41,196. This insider now owns 1,280,373 shares in total.
Opendoor Technologies Inc (OPEN) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 9/29/2023, the company posted -$0.11 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -$0.15) by $0.04. This company achieved a net margin of -8.69 while generating a return on equity of -81.16. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.15 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 75.21% per share during the next fiscal year.
Opendoor Technologies Inc (NASDAQ: OPEN) Trading Performance Indicators
Check out the current performance indicators for Opendoor Technologies Inc (OPEN). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.19. Likewise, its price to free cash flow for the trailing twelve months is 0.39.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.91, a number that is poised to hit -0.24 in the next quarter and is forecasted to reach -0.72 in one year’s time.
Technical Analysis of Opendoor Technologies Inc (OPEN)
Analysing the last 5-days average volume posted by the [Opendoor Technologies Inc, OPEN], we can find that recorded value of 19.71 million was lower than the volume posted last year of 22.02 million. As of the previous 9 days, the stock’s Stochastic %D was 77.65%. Additionally, its Average True Range was 0.22.
During the past 100 days, Opendoor Technologies Inc’s (OPEN) raw stochastic average was set at 19.39%, which indicates a significant decrease from 83.95% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 98.85% in the past 14 days, which was higher than the 96.37% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.47, while its 200-day Moving Average is $2.61. Now, the first resistance to watch is $2.59. This is followed by the second major resistance level at $2.69. The third major resistance level sits at $2.76. If the price goes on to break the first support level at $2.43, it is likely to go to the next support level at $2.36. Now, if the price goes above the second support level, the third support stands at $2.26.
Opendoor Technologies Inc (NASDAQ: OPEN) Key Stats
There are currently 670,031K shares outstanding in the company with a market cap of 1.68 billion. Presently, the company’s annual sales total 15,567 M according to its annual income of -1,353 M. Last quarter, the company’s sales amounted to 980,000 K and its income totaled -106,000 K.