On Monday, Opendoor Technologies Inc (NASDAQ: OPEN) was 11.11% up from the session before settling in for the closing price of $2.25. A 52-week range for OPEN has been $1.58 – $4.89.
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During the last 5-year period, the sales growth of Real Estate Sector giant was 50.93%. When this article was written, the company’s average yearly earnings per share was at -59.39%. With a float of $570.43 million, this company’s outstanding shares have now reached $677.64 million.
Let’s determine the extent of company efficiency that accounts for 1982 employees. In terms of profitability, gross margin is 9.05%, operating margin of -7.68%, and the pretax margin is -8.74%.
Opendoor Technologies Inc (OPEN) Breakdown of a Key Holders of the stock
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Opendoor Technologies Inc stocks. The insider ownership of Opendoor Technologies Inc is 18.86%, while institutional ownership is 54.33%. The most recent insider transaction that took place on Aug 15 ’24, was worth 8,621. In this transaction President, Sell Direct & Svcs. of this company sold 4,808 shares at a rate of $1.79, taking the stock ownership to the 4,474,641 shares. Before that another transaction happened on Aug 06 ’24, when Company’s Chief Legal Officer sold 2,512 for $1.79, making the entire transaction worth $4,496. This insider now owns 1,373,239 shares in total.
Opendoor Technologies Inc (OPEN) Recent Fiscal highlights
Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted -0.11 earnings per share (EPS) during the time that was better than consensus figure (set at -0.15) by 0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.13 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -59.39% 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
You can see what Opendoor Technologies Inc (OPEN) is doing with its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.39.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.59, a number that is poised to hit -0.18 in the next quarter and is forecasted to reach -0.54 in one year’s time.
Technical Analysis of Opendoor Technologies Inc (OPEN)
Looking closely at Opendoor Technologies Inc (NASDAQ: OPEN), its last 5-days average volume was 41.78 million, which is a jump from its year-to-date volume of 19.7 million. As of the previous 9 days, the stock’s Stochastic %D was 82.52%. Additionally, its Average True Range was 0.20.
During the past 100 days, Opendoor Technologies Inc’s (OPEN) raw stochastic average was set at 60.93%, which indicates a significant decrease from 94.85% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 83.44% in the past 14 days, which was higher than the 80.27% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.05, while its 200-day Moving Average is $2.70. However, in the short run, Opendoor Technologies Inc’s stock first resistance to watch stands at $2.62. Second resistance stands at $2.73. The third major resistance level sits at $2.92. If the price goes on to break the first support level at $2.32, it is likely to go to the next support level at $2.13. Now, if the price goes above the second support level, the third support stands at $2.02.
Opendoor Technologies Inc (NASDAQ: OPEN) Key Stats
There are 691,576K outstanding shares of the company, which has a market capitalization of 1.76 billion. As of now, sales total 6,946 M while income totals -275,000 K. Its latest quarter income was 1,511 M while its last quarter net income were -92,000 K.
