The key reasons why Opendoor Technologies Inc (OPEN) is -61.76% away from 52-week high?

Opendoor Technologies Inc (NASDAQ: OPEN) started the day on Thursday, with a price increase of 5.06% at $1.87, before settling in for the price of $1.78 at the close. Taking a more long-term approach, OPEN posted a 52-week range of $1.58-$4.89.

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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 -56.20%. This publicly-traded company’s shares outstanding now amounts to $677.64 million, simultaneously with a float of $573.59 million. The organization now has a market capitalization sitting at $1.31 billion. At the time of writing, stock’s 50-day Moving Average stood at $1.9522, while the 200-day Moving Average is $2.3297.

Opendoor Technologies Inc (OPEN) Ownership Facts and Figures

Now let’s turn our focus to how large-scale investors are working with this stock of the Real Estate Services Industry. Opendoor Technologies Inc’s current insider ownership accounts for 18.41%, in contrast to 54.35% institutional ownership. According to the most recent insider trade that took place on Oct 15 ’24, this organization’s Chief Legal Officer sold 16,940 shares at the rate of 1.91, making the entire transaction reach 32,315 in total value, affecting insider ownership by 1,281,411. Preceding that transaction, on Oct 15 ’24, Company’s President, Sell Direct & Svcs. sold 115,020 for 1.91, making the whole transaction’s value amount to 219,412. This particular insider is now the holder of 4,293,098 in total.

Opendoor Technologies Inc (OPEN) Earnings and Revenue Records

Opendoor Technologies Inc’s EPS decrease for this current 12-month fiscal period is -56.20% and is forecasted to reach -0.53 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 14.91% 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 0.13. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.29.

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 -0.53 at the market close of one year from today.

Technical Analysis of Opendoor Technologies Inc (OPEN)

If we take a close look at the recent performances of Opendoor Technologies Inc (NASDAQ: OPEN), its last 5-days Average volume was 33.57 million that shows progress from its year to date volume of 22.93 million. During the previous 9 days, stock’s Stochastic %D was recorded 58.21% While, its Average True Range was 0.1281.

Raw Stochastic average of Opendoor Technologies Inc (OPEN) in the period of the previous 100 days is set at 19.21%, which indicates a major fall in contrast to 64.29% 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 64.94% that was lower than 83.77% volatility it exhibited in the past 100-days period.