Opendoor Technologies Inc (OPEN) average volume reaches $1.06: Is Wall Street expecting a rally?

A new trading day began on Monday, with Opendoor Technologies Inc (NASDAQ: OPEN) stock price up 1.42% from the previous day of trading, before settling in for the closing price of $3.51. OPEN’s price has ranged from $1.10 to $5.41 over the past 52 weeks.

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Real Estate Sector giant saw their annual sales surged by 86.37% over the last five years. Meanwhile, its annual earnings per share averaged 71.98%. With a float of $544.13 million, this company’s outstanding shares have now reached $637.39 million.

Opendoor Technologies Inc (OPEN) Insider Activity

As we move forward, let’s examine how large-scale investors are investing in this stock of the Real Estate Services Industry. The insider ownership of Opendoor Technologies Inc is 18.79%, while institutional ownership is 59.15%. The most recent insider transaction that took place on Feb 06, was worth 8,067. In this transaction Chief Legal Officer of this company sold 2,513 shares at a rate of $3.21, taking the stock ownership to the 1,155,722 shares. Before that another transaction happened on Feb 01, when Company’s President, Sell Direct & Svcs. sold 4,808 for $3.50, making the entire transaction worth $16,829. This insider now owns 2,470,608 shares in total.

Opendoor Technologies Inc (OPEN) Earnings and Forecasts

Wall Street market experts anticipate that the next fiscal year will bring earnings of 40.78 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 71.98% per share during the next fiscal year.

Opendoor Technologies Inc (NASDAQ: OPEN) Trading Performance Indicators

Here are Opendoor Technologies Inc’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.27. Likewise, its price to free cash flow for the trailing twelve months is 0.56.

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 -0.71 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 16.57 million was lower than the volume posted last year of 19.94 million. As of the previous 9 days, the stock’s Stochastic %D was 51.05%. Additionally, its Average True Range was 0.27.

During the past 100 days, Opendoor Technologies Inc’s (OPEN) raw stochastic average was set at 56.96%, which indicates a significant decrease from 65.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 76.07% in the past 14 days, which was lower than the 95.22% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $3.70, while its 200-day Moving Average is $3.15. Now, the first resistance to watch is $3.67. This is followed by the second major resistance level at $3.77. The third major resistance level sits at $3.84. If the price goes on to break the first support level at $3.50, it is likely to go to the next support level at $3.43. Should the price break the second support level, the third support level stands at $3.33.

Opendoor Technologies Inc (NASDAQ: OPEN) Key Stats

With a market capitalization of 2.39 billion, the company has a total of 670,031K Shares Outstanding. Currently, annual sales are 15,567 M while annual income is -1,353 M. The company’s previous quarter sales were 980,000 K while its latest quarter income was -106,000 K.