Opendoor Technologies Inc. [OPEN] stock Initiated by Truist analyst, price target now $9

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Opendoor Technologies Inc. [NASDAQ: OPEN] loss -4.45% on the last trading session, reaching $4.94 price per share at the time. The company report on July 7, 2022 that Opendoor to Report Second Quarter 2022 Financial Results on August 4th, 2022.


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Opendoor Technologies Inc. (“Opendoor”) (Nasdaq: OPEN), a leading digital platform for residential real estate, today announced that it will report second quarter 2022 financial results for the period ended June 30, 2022, following the close of the market on Thursday, August 4, 2022. 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 Second Quarter 2022 Earnings Conference CallWhen: Thursday, August 4, 2022Time: 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.

Opendoor Technologies Inc. represents 619.14 million in outstanding shares, while the company has a total market value of $3.35 billion with the latest information. OPEN stock price has been found in the range of $4.8509 to $5.19.

If compared to the average trading volume of 17.82M shares, OPEN reached a trading volume of 11910789 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]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OPEN shares is $12.55 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.

Truist have made an estimate for Opendoor Technologies Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 13, 2022. While these analysts kept the previous recommendation, KeyBanc Capital Markets raised their target price to Sector Weight. The new note on the price target was released on July 13, 2022, representing the official price target for Opendoor Technologies Inc. stock.

The Average True Range (ATR) for Opendoor Technologies Inc. is set at 0.46, with the Price to Sales ratio for OPEN stock in the period of the last 12 months amounting to 0.27. The Price to Book ratio for the last quarter was 1.30, with the Price to Cash per share for the same quarter was set at 4.09.

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 -1.79. With this latest performance, OPEN shares dropped by -8.18% in over the last four-week period, additionally sinking by -47.84% over the last 6 months – not to mention a drop of -65.69% 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 42.87, with the RSI for the last a single of trading hit 40.76, and the three-weeks RSI is set at 43.56 for Opendoor Technologies Inc. [OPEN]. The present Moving Average for the last 50 days of trading for this stock 5.92, while it was recorded at 5.38 for the last single week of trading, and 11.23 for the last 200 days.

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

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 1.20 and a Current Ratio set at 2.90.

Opendoor Technologies Inc. [OPEN]: An earnings per share (EPS) analysis

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%.

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

There are presently around $2,111 million, or 70.60% 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 $217.42 million in OPEN stocks shares; and SB INVESTMENT ADVISERS (UK) LTD, currently with $204.62 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 August and at the time of the August reporting period, where 166 institutional holders increased their position in Opendoor Technologies Inc. [NASDAQ:OPEN] by around 74,172,506 shares. Additionally, 153 investors decreased positions by around 47,246,077 shares, while 72 investors held positions by with 305,936,093 shares. The mentioned changes placed institutional holdings at 427,354,676 shares, according to the latest SEC report filing. OPEN stock had 61 new institutional investments in for a total of 20,643,924 shares, while 71 institutional investors sold positions of 18,831,062 shares during the same period.

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