The key reasons why Opendoor Technologies Inc (OPEN) is -59.30% away from 52-week high?

Opendoor Technologies Inc (NASDAQ: OPEN) established initial surge of 3.65% at $1.99, before settling in for the price of $1.92 at the close. Taking a more long-term approach, OPEN posted a 52-week range of $1.58-$4.89.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.

Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!

Get the FREE Report with all the details here.


Sponsored

The Real Estate Sector giants’ yearly sales growth during the last 5-year period was 50.93%. Meanwhile, its Annual Earning per share during the time was 44.03%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -59.39%. This publicly-traded company’s shares outstanding now amounts to $677.64 million, simultaneously with a float of $570.44 million. The organization now has a market capitalization sitting at $1.40 billion. At the time of writing, stock’s 50-day Moving Average stood at $2.0764, while the 200-day Moving Average is $2.6982.

Opendoor Technologies Inc (OPEN) Ownership Facts and Figures

Sometimes it is also beneficial to study the sentiment of large-scale investors towards the stock of the Opendoor Technologies Inc industry. Opendoor Technologies Inc’s current insider ownership accounts for 18.86%, in contrast to 54.33% institutional ownership. According to the most recent insider trade that took place on Aug 29 ’24, this organization’s President, Sell Direct & Svcs. sold 4,808 shares at the rate of 2.11, making the entire transaction reach 10,145 in total value, affecting insider ownership by 4,469,833. Preceding that transaction, on Aug 15 ’24, Company’s President, Sell Direct & Svcs. sold 4,808 for 1.79, making the whole transaction’s value amount to 8,621. This particular insider is now the holder of 4,474,641 in total.

Opendoor Technologies Inc (OPEN) Earnings and Revenue Records

Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.13 per share during the current fiscal year.

Opendoor Technologies Inc’s EPS decrease for this current 12-month fiscal period is -59.39% and is forecasted to reach -0.54 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 5.20% through the next 5 years, which can be compared against the 44.03% growth it accomplished over the previous five years trading on the market.

Opendoor Technologies Inc (NASDAQ: OPEN) Trading Performance Indicators

Let’s observe the current performance indicators for Opendoor Technologies Inc (OPEN). The Stock has managed to achieve an average true range (ATR) of 0.20. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.31.

In the same vein, OPEN’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -0.59, a figure that is expected to reach -0.18 in the next quarter, and analysts are predicting that it will be -0.54 at the market close of one year from today.

Technical Analysis of Opendoor Technologies Inc (OPEN)

Now, what If we examine the latest scores posted by [Opendoor Technologies Inc, OPEN]. During the last 5-days, its volume was better the volume of 20.23 million it reported in year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 11.40% While, its Average True Range was 0.2004.

Raw Stochastic average of Opendoor Technologies Inc (OPEN) in the period of the previous 100 days is set at 27.15%, which indicates a major fall in contrast to 30.86% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 102.09% that was higher than 81.69% volatility it exhibited in the past 100-days period.