A new trading day began on Monday, with Opendoor Technologies Inc (NASDAQ: OPEN) stock price down -1.08% from the previous day of trading, before settling in for the closing price of $1.85. OPEN’s price has ranged from $1.58 to $4.89 over the past 52 weeks.
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During the last 5-year period, the sales growth of Real Estate Sector giant was 50.93%. Meanwhile, its annual earnings per share averaged -38.49%. With a float of $587.70 million, this company’s outstanding shares have now reached $677.64 million.
Let’s determine the extent of company efficiency that accounts for 1982 employees. In terms of profitability, gross margin is 8.5%, operating margin of -6.82%, and the pretax margin is -7.47%.
Opendoor Technologies Inc (OPEN) Breakdown of a Key Holders of the stock
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 17.81%, while institutional ownership is 52.60%. 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) Recent Fiscal highlights
In its latest quarterly report, released on 9/30/2024, the company reported earnings of -0.14 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 -0.1 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -38.49% 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 0.26.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.54, a number that is poised to hit -0.17 in the next quarter and is forecasted to reach -0.43 in one year’s time.
Technical Analysis of Opendoor Technologies Inc (OPEN)
Looking closely at Opendoor Technologies Inc (NASDAQ: OPEN), its last 5-days average volume was 42.17 million, which is a jump from its year-to-date volume of 23.2 million. As of the previous 9 days, the stock’s Stochastic %D was 45.46%. 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 42.42% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 63.74% in the past 14 days, which was lower than the 83.20% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.9408, while its 200-day Moving Average is $2.3145. However, in the short run, Opendoor Technologies Inc’s stock first resistance to watch stands at $1.8933. Second resistance stands at $1.9567. The third major resistance level sits at $2.0433. If the price goes on to break the first support level at $1.7433, it is likely to go to the next support level at $1.6567. Now, if the price goes above the second support level, the third support stands at $1.5933.
Opendoor Technologies Inc (NASDAQ: OPEN) Key Stats
With a market capitalization of 1.29 billion, the company has a total of 703,005K 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.
