Opendoor Technologies Inc. [OPEN] fell -23.45% so far this year. What now?

Opendoor Technologies Inc. [NASDAQ: OPEN] loss -5.38% or -0.99 points to close at $17.40 with a heavy trading volume of 30736376 shares. The company report on April 19, 2021 that Opendoor to Report First Quarter 2021 Financial Results on May 11, 2021.

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Opendoor Technologies Inc. (“Opendoor”) (Nasdaq: OPEN), a leading digital platform for residential real estate, announced that it will report first quarter 2021 financial results for the period ended March 31, 2021, following the close of the market on Tuesday, May 11, 2021. On that day management will host a conference call and webcast at 2:00 p.m. PT (5:00 p.m. ET) to discuss the company’s business and financial results.

What: Opendoor First Quarter 2021 Earnings Conference CallWhen: Tuesday, May 11, 2021Time: 2:00 p.m. PT (5:00 p.m. ET)Live Webcast: A live webcast of the call can be accessed from the Events and Presentations page of the investor relations website, https://investor.opendoor.com.

It opened the trading session at $18.275, the shares rose to $18.42 and dropped to $17.11, the range by which the price of stock traded the whole day. The daily chart for OPEN points out that the company has recorded -27.29% loss over the past six months. However, it is still -64.93% lower than its most recent low trading price.

If we look at the average trading volume of 10.95M shares, OPEN reached to a volume of 30736376 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Opendoor Technologies Inc. [OPEN]:

Citigroup have made an estimate for Opendoor Technologies Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 18, 2021. While these analysts kept the previous recommendation, Credit Suisse raised their target price to Outperform. The new note on the price target was released on March 01, 2021, representing the official price target for Opendoor Technologies Inc. stock. Previously, the target price had yet another raise to $42, while KeyBanc Capital Markets analysts kept a Overweight rating on OPEN stock.

The Average True Range (ATR) for Opendoor Technologies Inc. is set at 1.79, with the Price to Sales ratio for OPEN stock in the period of the last 12 months amounting to 4.18. The Price to Book ratio for the last quarter was 1.95, with the Price to Cash per share for the same quarter was set at 2.36. Price to Free Cash Flow for OPEN in the course of the last twelve months was 16.23 with Quick ratio for the last quarter at 4.00.

Trading performance analysis for OPEN stock

Opendoor Technologies Inc. [OPEN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.36. With this latest performance, OPEN shares dropped by -35.10% in over the last four-week period, additionally sinking by -27.29% over the last 6 months.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for OPEN stock in for the last two-week period is set at 33.19, with the RSI for the last a single of trading hit 27.74, and the three-weeks RSI is set at 37.04 for Opendoor Technologies Inc. [OPEN]. The present Moving Average for the last 50 days of trading for this stock 25.62, while it was recorded at 19.23 for the last single week of trading, and 20.36 for the last 200 days.

Opendoor Technologies Inc. [OPEN]: A deeper dive into fundamental analysis

Opendoor Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.00 and a Current Ratio set at 5.20.

An analysis of insider ownership at Opendoor Technologies Inc. [OPEN]

There are presently around $4,505 million, or 49.30% of OPEN stock, in the hands of institutional investors. The top three institutional holders of OPEN stocks are: SB INVESTMENT ADVISERS (UK) LTD with ownership of 73,620,282, which is approximately New of the company’s market cap and around 9.50% of the total institutional ownership; VK SERVICES, LLC, holding 46,120,934 shares of the stock with an approximate value of $802.5 million in OPEN stocks shares; and MAGNETAR FINANCIAL LLC, currently with $416.91 million in OPEN stock with ownership of nearly New of the company’s market capitalization.

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111 institutional holders increased their position in Opendoor Technologies Inc. [NASDAQ:OPEN] by around 247,334,315 shares. Additionally, 56 investors decreased positions by around 9,232,357 shares, while 8 investors held positions by with 2,347,216 shares. The mentioned changes placed institutional holdings at 258,913,888 shares, according to the latest SEC report filing. OPEN stock had 87 new institutional investments in for a total of 230,110,405 shares, while 45 institutional investors sold positions of 8,126,208 shares during the same period.

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