A new trading day began on Monday, with Opendoor Technologies Inc (NASDAQ: OPEN) stock price down -8.06% from the previous day of trading, before settling in for the closing price of $1.86. OPEN’s price has ranged from $1.68 to $4.89 over the past 52 weeks.
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A company in the Real Estate sector has jumped its sales by 50.93% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged -58.43%. With a float of $569.88 million, this company’s outstanding shares have now reached $677.64 million.
In an organization with 1982 employees, it is important to assess its efficiency.
Opendoor Technologies Inc (OPEN) Insider and Institutional Ownership
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 18.94%, while institutional ownership is 55.21%. The most recent insider transaction that took place on Aug 01 ’24, was worth 10,219. In this transaction President, Sell Direct & Svcs. of this company sold 4,808 shares at a rate of $2.13, taking the stock ownership to the 4,479,449 shares. Before that another transaction happened on Jul 18 ’24, when Company’s President, Sell Direct & Svcs. sold 4,808 for $2.64, making the entire transaction worth $12,716. This insider now owns 4,484,257 shares in total.
Opendoor Technologies Inc (OPEN) Latest Financial update
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.11 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.1 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -58.43% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.20% during the next five years compared to 44.03% growth over the previous five years of trading.
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 0.26.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.59, a number that is poised to hit -0.17 in the next quarter and is forecasted to reach -0.52 in one year’s time.
Technical Analysis of Opendoor Technologies Inc (OPEN)
Let’s dig in a bit further. During the last 5-days, its volume was 32.5 million. That was better than the volume of 18.82 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 13.30%. Additionally, its Average True Range was 0.23.
During the past 100 days, Opendoor Technologies Inc’s (OPEN) raw stochastic average was set at 6.75%, which indicates a significant decrease from 7.38% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 74.26% in the past 14 days, which was lower than the 77.12% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.1374, while its 200-day Moving Average is $2.7199. However, in the short run, Opendoor Technologies Inc’s stock first resistance to watch stands at $1.8200. Second resistance stands at $1.9300. The third major resistance level sits at $2.0400. If the price goes on to break the first support level at $1.6000, it is likely to go to the next support level at $1.4900. The third support level lies at $1.3800 if the price breaches the second support level.
Opendoor Technologies Inc (NASDAQ: OPEN) Key Stats
With a market capitalization of 1.20 billion, the company has a total of 691,576K Shares Outstanding. Currently, annual sales are 6,946 M while annual income is -275,000 K. The company’s previous quarter sales were 1,181 M while its latest quarter income was -109,000 K.
