On Monday, Opendoor Technologies Inc (NASDAQ: OPEN) was -1.61% drop from the session before settling in for the closing price of $1.86. A 52-week range for OPEN has been $1.58 – $4.89.
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Real Estate Sector giant saw their annual sales surged by 50.93% over the last five years. When this article was written, the company’s average yearly earnings per share was at -59.39%. With a float of $573.59 million, this company’s outstanding shares have now reached $677.64 million.
The firm has a total of 1982 workers. Let’s measure their productivity. 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
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 18.43%, while institutional ownership is 54.41%. The most recent insider transaction that took place on Oct 15 ’24, was worth 32,315. In this transaction Chief Legal Officer of this company sold 16,940 shares at a rate of $1.91, taking the stock ownership to the 1,281,411 shares. Before that another transaction happened on Oct 15 ’24, when Company’s President, Sell Direct & Svcs. sold 115,020 for $1.91, making the entire transaction worth $219,412. This insider now owns 4,293,098 shares in total.
Opendoor Technologies Inc (OPEN) Earnings and Forecasts
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 -0.12 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 14.91% 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 0.28.
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)
Analysing the last 5-days average volume posted by the [Opendoor Technologies Inc, OPEN], we can find that recorded value of 24.78 million was better than the volume posted last year of 22.58 million. As of the previous 9 days, the stock’s Stochastic %D was 48.20%. Additionally, its Average True Range was 0.14.
During the past 100 days, Opendoor Technologies Inc’s (OPEN) raw stochastic average was set at 16.56%, which indicates a significant decrease from 38.10% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 62.97% in the past 14 days, which was lower than the 82.54% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.0001, while its 200-day Moving Average is $2.4351. Now, the first resistance to watch is $1.8900. This is followed by the second major resistance level at $1.9500. The third major resistance level sits at $2.0100. If the price goes on to break the first support level at $1.7700, it is likely to go to the next support level at $1.7100. Should the price break the second support level, the third support level stands at $1.6500.
Opendoor Technologies Inc (NASDAQ: OPEN) Key Stats
There are 691,576K outstanding shares of the company, which has a market capitalization of 1.29 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.
