Opendoor Technologies Inc (NASDAQ: OPEN) kicked off on Monday, down -8.97% from the previous trading day, before settling in for the closing price of $2.34. Over the past 52 weeks, OPEN has traded in a range of $1.52-$4.89.
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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. While this was happening, its average annual earnings per share was recorded -35.65%. With a float of $594.13 million, this company’s outstanding shares have now reached $711.66 million.
In an organization with 1982 employees, it is important to assess its efficiency. 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) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Real Estate Services Industry. The insider ownership of Opendoor Technologies Inc is 16.91%, while institutional ownership is 52.54%. The most recent insider transaction that took place on Nov 22 ’24, was worth 50,733. Before that another transaction happened on Nov 18 ’24, when Company’s Officer proposed sale 12,409 for $1.66, making the entire transaction worth $20,599.
Opendoor Technologies Inc (OPEN) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported -0.14 earnings per share (EPS), higher than consensus estimate (set at -0.19) by 0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.09 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -35.65% 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
Take a look at Opendoor Technologies Inc’s (OPEN) current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.32.
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 -0.41 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 56.62 million. That was better than the volume of 24.65 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 78.06%. Additionally, its Average True Range was 0.18.
During the past 100 days, Opendoor Technologies Inc’s (OPEN) raw stochastic average was set at 38.85%, which indicates a significant decrease from 63.54% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 106.27% in the past 14 days, which was higher than the 89.98% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.89, while its 200-day Moving Average is $2.21. However, in the short run, Opendoor Technologies Inc’s stock first resistance to watch stands at $2.30. Second resistance stands at $2.48. The third major resistance level sits at $2.61. If the price goes on to break the first support level at $1.99, it is likely to go to the next support level at $1.86. Assuming the price breaks the second support level, the third support level stands at $1.68.
Opendoor Technologies Inc (NASDAQ: OPEN) Key Stats
The company with the Market Capitalisation of 1.57 billion has total of 715,070K Shares Outstanding. Its annual sales at the moment are 6,946 M in contrast with the sum of -275,000 K annual income. Company’s last quarter sales were recorded 1,377 M and last quarter income was -78,000 K.
