Opendoor Technologies Inc. [NASDAQ: OPEN] plunged by -$0.19 during the normal trading session on Friday and reaching a high of $7.51 during the day while it closed the day at $6.99. The company report on April 29, 2022 that The Pulte Family Discloses $2.4 Million Stake in OpenDoor (NASDAQ:OPEN).
The Pulte Family, known in homebuilding and for Bill Pulte’s experience inside of PulteGroup (NYSE: PHM), has made an exciting housing investment in OpenDoor worth $2.45 million. OpenDoor seeks to disrupt the housing industry through facilitating a more efficient marketplace between buyers and sellers.
“While some home builders lag when it comes to technology, there are exciting opportunities for those who seize the opportunity like OpenDoor has,” said a Pulte Family representative.
Opendoor Technologies Inc. stock has also loss -1.41% of its value over the past 7 days. However, OPEN stock has declined by -20.66% in the 3 months of the year. Over the past six months meanwhile, it has lost -71.18% and lost -52.16% year-on date.
The market cap for OPEN stock reached $4.48 billion, with 612.73 million shares outstanding and 517.86 million shares in the current float. Compared to the average trading volume of 16.37M shares, OPEN reached a trading volume of 12117308 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Opendoor Technologies Inc. [OPEN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OPEN shares is $16.44 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OPEN stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BTIG Research have made an estimate for Opendoor Technologies Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 02, 2022. While these analysts kept the previous recommendation, Keefe Bruyette raised their target price to Mkt Perform. The new note on the price target was released on February 14, 2022, representing the official price target for Opendoor Technologies Inc. stock. Previously, the target price had yet another raise to $8, while BofA Securities analysts kept a Underperform rating on OPEN stock.
The Average True Range (ATR) for Opendoor Technologies Inc. is set at 0.72, with the Price to Sales ratio for OPEN stock in the period of the last 12 months amounting to 0.56. The Price to Book ratio for the last quarter was 1.90, with the Price to Cash per share for the same quarter was set at 3.46.
OPEN stock trade performance evaluation
Opendoor Technologies Inc. [OPEN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.41. With this latest performance, OPEN shares dropped by -23.52% in over the last four-week period, additionally sinking by -71.18% over the last 6 months – not to mention a drop of -65.52% in the past year of trading.
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 41.77, with the RSI for the last a single of trading hit 39.78, and the three-weeks RSI is set at 42.75 for Opendoor Technologies Inc. [OPEN]. The present Moving Average for the last 50 days of trading for this stock 8.20, while it was recorded at 7.08 for the last single week of trading, and 14.41 for the last 200 days.
Opendoor Technologies Inc. [OPEN]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Opendoor Technologies Inc. [OPEN] shares currently have an operating margin of -7.03 and a Gross Margin at +9.10. Opendoor Technologies Inc.’s Net Margin is presently recorded at -8.25.
Return on Equity for this stock declined to -34.41, with Return on Assets sitting at -11.33.
Opendoor Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 2.10.
Earnings per share (EPS) analysis for Opendoor Technologies Inc. [OPEN] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for OPEN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Opendoor Technologies Inc. go to 5.20%.
Opendoor Technologies Inc. [OPEN]: Insider Ownership positions
There are presently around $2,789 million, or 65.40% of OPEN stock, in the hands of institutional investors. The top three institutional holders of OPEN stocks are: VANGUARD GROUP INC with ownership of 44,379,397, which is approximately -3.348% of the company’s market cap and around 7.20% of the total institutional ownership; SB INVESTMENT ADVISERS (UK) LTD, holding 41,420,282 shares of the stock with an approximate value of $289.53 million in OPEN stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $252.83 million in OPEN stock with ownership of nearly 85.47% of the company’s market capitalization.
188 institutional holders increased their position in Opendoor Technologies Inc. [NASDAQ:OPEN] by around 98,527,439 shares. Additionally, 156 investors decreased positions by around 64,265,264 shares, while 48 investors held positions by with 236,144,653 shares. The mentioned changes placed institutional holdings at 398,937,356 shares, according to the latest SEC report filing. OPEN stock had 88 new institutional investments in for a total of 44,478,375 shares, while 64 institutional investors sold positions of 8,897,597 shares during the same period.