Opendoor Technologies Inc (NASDAQ: OPEN) kicked off on Monday, down -0.91% from the previous trading day, before settling in for the closing price of $2.20. Over the past 52 weeks, OPEN has traded in a range of $1.52-$4.89.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Real Estate sector was 50.93%. While this was happening, its average annual earnings per share was recorded -35.65%. With a float of $594.14 million, this company’s outstanding shares have now reached $711.66 million.
Considering the fact that the conglomerate employs 1982 people, you should pay attention to its efficiency factor. 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 Activity
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 52.58%. The most recent insider transaction that took place on Dec 09 ’24, was worth 66,000. Before that another transaction happened on Dec 03 ’24, when Company’s Chief Legal Officer sold 15,659 for $2.13, making the entire transaction worth $33,343. This insider now owns 1,265,752 shares in total.
Opendoor Technologies Inc (OPEN) Earnings and Forecasts
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)
Compared to the last year’s volume of 25.08 million, its volume of 45.15 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 43.46%. Additionally, its Average True Range was 0.18.
During the past 100 days, Opendoor Technologies Inc’s (OPEN) raw stochastic average was set at 57.89%, which indicates a significant decrease from 68.75% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 96.01% in the past 14 days, which was higher than the 82.86% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.90, while its 200-day Moving Average is $2.19. Nevertheless, the first resistance level for the watch stands at $2.29 in the near term. At $2.41, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.46. If the price goes on to break the first support level at $2.12, it is likely to go to the next support level at $2.07. Should the price break the second support level, the third support level stands at $1.95.
Opendoor Technologies Inc (NASDAQ: OPEN) Key Stats
The company with the Market Capitalisation of 1.60 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.
