Opendoor Technologies Inc [NASDAQ: OPEN] plunged by -$0.12 during the normal trading session on while it closed the day at $2.34.
Opendoor Technologies Inc stock has also loss -13.33% of its value over the past 7 days. However, OPEN stock has declined by -34.27% in the 3 months of the year. Over the past six months meanwhile, it has lost -13.01% and lost -47.77% year-on date.
The market cap for OPEN stock reached $1.59 billion, with 677.64 million shares outstanding and 544.72 million shares in the current float. Compared to the average trading volume of 19.35M shares, OPEN reached a trading volume of 12982484 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 $3.03 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 2.92. 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 Neutral, with their previous recommendation back on December 20, 2023. The new note on the price target was released on December 13, 2023, representing the official price target for Opendoor Technologies Inc stock. Previously, the target price had yet another raise to $2.80, while Deutsche Bank analysts kept a Hold rating on OPEN stock.
The Average True Range (ATR) for Opendoor Technologies Inc is set at 0.20, with the Price to Sales ratio for OPEN stock in the period of the last 12 months amounting to 0.23. The Price to Book ratio for the last quarter was 1.64, with the Price to Cash per share for the same quarter was set at 2.37. Price to Free Cash Flow for OPEN in the course of the last twelve months was 0.69.
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 -13.33. With this latest performance, OPEN shares dropped by -18.18% in over the last four-week period, additionally sinking by -13.01% over the last 6 months – not to mention a rise of 31.46% 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 33.09, with the RSI for the last a single of trading hit 26.63, and the three-weeks RSI is set at 37.16 for Opendoor Technologies Inc [OPEN]. The present Moving Average for the last 50 days of trading for this stock 2.98, while it was recorded at 2.54 for the last single week of trading, and 3.26 for the last 200 days.
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]: Institutional Ownership
The top three institutional holders of OPEN stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in OPEN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in OPEN stock with ownership which is approximately 5.8386%.
