A new trading day began on Monday, with Opendoor Technologies Inc (NASDAQ: OPEN) stock price up 6.86% from the previous day of trading, before settling in for the closing price of $1.75. OPEN’s price has ranged from $1.58 to $4.89 over the past 52 weeks.
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A company in the Real Estate sector has jumped its sales by 50.93% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged -59.39%. With a float of $573.59 million, this company’s outstanding shares have now reached $677.64 million.
In an organization with 1982 employees, it is important to assess its efficiency. 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 and Institutional Ownership
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 18.41%, 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) Latest Financial update
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.11 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). 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
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 0.29.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 21.59 million. That was inferior than the volume of 22.56 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 38.10%. Additionally, its Average True Range was 0.13.
During the past 100 days, Opendoor Technologies Inc’s (OPEN) raw stochastic average was set at 19.21%, which indicates a significant decrease from 64.29% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 60.80% in the past 14 days, which was lower than the 83.14% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.0039, while its 200-day Moving Average is $2.3870. However, in the short run, Opendoor Technologies Inc’s stock first resistance to watch stands at $1.9267. Second resistance stands at $1.9833. The third major resistance level sits at $2.0567. If the price goes on to break the first support level at $1.7967, it is likely to go to the next support level at $1.7233. The third support level lies at $1.6667 if the price breaches the second support level.
Opendoor Technologies Inc (NASDAQ: OPEN) Key Stats
With a market capitalization of 1.31 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.
