A new trading day began on Monday, with Opendoor Technologies Inc (NASDAQ: OPEN) stock price up 4.85% from the previous day of tradingbefore settling in for the closing price of $2.27. OPEN’s price has ranged from $1.58 to $4.89 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Real Estate sector saw sales topped by 50.93%. Meanwhile, its annual earnings per share averaged -59.39%. With a float of $572.59 million, this company’s outstanding shares have now reached $677.64 million.
The extent of productivity of a business whose workforce counts for 1982 workers is very important to gauge. 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 Updates
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 18.55%, while institutional ownership is 54.40%. The most recent insider transaction that took place on Sep 10 ’24, was worth 4,999. In this transaction Chief Legal Officer of this company sold 2,512 shares at a rate of $1.99, taking the stock ownership to the 1,375,727 shares. Before that another transaction happened on Sep 10 ’24, when Company’s Officer proposed sale 2,512 for $1.97, making the entire transaction worth $4,949.
Opendoor Technologies Inc (OPEN) Performance Highlights and Predictions
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
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 0.37.
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)
The latest stats from [Opendoor Technologies Inc, OPEN] show that its last 5-days average volume of 42.45 million was superior to 20.95 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 82.03%. Additionally, its Average True Range was 0.22.
During the past 100 days, Opendoor Technologies Inc’s (OPEN) raw stochastic average was set at 52.98%, which indicates a significant decrease from 78.08% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 85.41% in the past 14 days, which was higher than the 83.06% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.12, while its 200-day Moving Average is $2.68. Now, the first resistance to watch is $2.53. This is followed by the second major resistance level at $2.67. The third major resistance level sits at $2.88. If the price goes on to break the first support level at $2.18, it is likely to go to the next support level at $1.97. Assuming the price breaks the second support level, the third support level stands at $1.83.
Opendoor Technologies Inc (NASDAQ: OPEN) Key Stats
With a market capitalization of 1.67 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 1,511 M while its latest quarter income was -92,000 K.
