Opendoor Technologies Inc. [OPEN] Revenue clocked in at $12.42 billion, down -53.11% YTD: What’s Next?


Opendoor Technologies Inc. [NASDAQ: OPEN] plunged by -$0.05 during the normal trading session on Friday and reaching a high of $7.12 during the day while it closed the day at $6.85. The company report on May 17, 2022 that Opendoor to Participate at Upcoming Investor Conferences.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.


Opendoor Technologies Inc. (“Opendoor”) (Nasdaq: OPEN), a leading digital platform for residential real estate, today announced that management will participate at the following investor conferences:.

KBW Real Estate Finance & Technology Conference on Thursday, May 26, 2022.

Opendoor Technologies Inc. stock has also loss -5.78% of its value over the past 7 days. However, OPEN stock has declined by -36.04% in the 3 months of the year. Over the past six months meanwhile, it has lost -66.81% and lost -53.11% year-on date.

The market cap for OPEN stock reached $4.31 billion, with 619.14 million shares outstanding and 520.16 million shares in the current float. Compared to the average trading volume of 18.87M shares, OPEN reached a trading volume of 14744769 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 $14.17 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 2.20. 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 0.81, with the Price to Sales ratio for OPEN stock in the period of the last 12 months amounting to 0.35. The Price to Book ratio for the last quarter was 1.81, with the Price to Cash per share for the same quarter was set at 4.41.

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 -5.78. With this latest performance, OPEN shares dropped by -8.67% in over the last four-week period, additionally sinking by -66.81% over the last 6 months – not to mention a drop of -54.70% 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 46.91, with the RSI for the last a single of trading hit 47.97, and the three-weeks RSI is set at 46.22 for Opendoor Technologies Inc. [OPEN]. The present Moving Average for the last 50 days of trading for this stock 7.71, while it was recorded at 7.06 for the last single week of trading, and 13.84 for the last 200 days.

Opendoor Technologies Inc. [OPEN]: An insightful look at the core fundamentals

Opendoor Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 2.90.

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 $2,929 million, or 69.60% of OPEN stock, in the hands of institutional investors. The top three institutional holders of OPEN stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 45,272,867, which is approximately 25.168% of the company’s market cap and around 7.10% of the total institutional ownership; VANGUARD GROUP INC, holding 44,012,877 shares of the stock with an approximate value of $301.49 million in OPEN stocks shares; and SB INVESTMENT ADVISERS (UK) LTD, currently with $283.73 million in OPEN stock with ownership of nearly 0% of the company’s market capitalization.

Positions in Opendoor Technologies Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 176 institutional holders increased their position in Opendoor Technologies Inc. [NASDAQ:OPEN] by around 74,197,835 shares. Additionally, 152 investors decreased positions by around 49,019,803 shares, while 68 investors held positions by with 304,371,253 shares. The mentioned changes placed institutional holdings at 427,588,891 shares, according to the latest SEC report filing. OPEN stock had 67 new institutional investments in for a total of 20,649,638 shares, while 72 institutional investors sold positions of 20,614,728 shares during the same period.