Opendoor Technologies Inc (NASDAQ: OPEN) kicked off on Friday, up 2.38% from the previous trading day, before settling in for the closing price of $2.10. Over the past 52 weeks, OPEN has traded in a range of $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%. While this was happening, its average annual earnings per share was recorded -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) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Real Estate Services Industry. 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 29 ’24, was worth 10,145. In this transaction President, Sell Direct & Svcs. of this company sold 4,808 shares at a rate of $2.11, taking the stock ownership to the 4,469,833 shares. Before that another transaction happened on Aug 15 ’24, when Company’s President, Sell Direct & Svcs. sold 4,808 for $1.79, making the entire transaction worth $8,621. This insider now owns 4,474,641 shares in total.
Opendoor Technologies Inc (OPEN) Earnings and Forecasts
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
Take a look at Opendoor Technologies Inc’s (OPEN) current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.33.
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 39.23 million, which is a jump from its year-to-date volume of 20.09 million. As of the previous 9 days, the stock’s Stochastic %D was 43.94%. Additionally, its Average True Range was 0.20.
During the past 100 days, Opendoor Technologies Inc’s (OPEN) raw stochastic average was set at 37.75%, which indicates a significant decrease from 57.89% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 94.05% in the past 14 days, which was higher than the 82.11% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.07, 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 $2.24. Second resistance stands at $2.32. The third major resistance level sits at $2.40. If the price goes on to break the first support level at $2.08, it is likely to go to the next support level at $2.00. Should the price break the second support level, the third support level stands at $1.92.
Opendoor Technologies Inc (NASDAQ: OPEN) Key Stats
The company with the Market Capitalisation of 1.51 billion has total of 691,576K Shares Outstanding. Its annual sales at the moment are 6,946 M in contrast with the sum of -275,000 K annual income. Company’s last quarter sales were recorded 1,511 M and last quarter income was -92,000 K.
