Opendoor Technologies Inc [NASDAQ: OPEN] stock went on a downward path that fall over -2.10% on Friday, amounting to a one-week price decrease of less than -9.09%.
Over the last 12 months, OPEN stock dropped by -58.33%. The one-year Opendoor Technologies Inc stock forecast points to a potential upside of 19.08. The average equity rating for OPEN stock is currently 2.92, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $1.00 billion, with 711.66 million shares outstanding and 596.95 million shares in the current float. Compared to the average trading volume of 39.36M shares, OPEN stock reached a trading volume of 26033759 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $1.73 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 0.13, with the Price to Sales ratio for OPEN stock in the period of the last 12 months amounting to 0.20. The Price to Book ratio for the last quarter was 1.24, with the Price to Cash per share for the same quarter was set at 1.49.
OPEN Stock Performance Analysis:
Opendoor Technologies Inc [OPEN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.09. With this latest performance, OPEN shares dropped by -17.16% in over the last four-week period, additionally sinking by -41.91% over the last 6 months – not to mention a drop of -58.33% 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 36.54, with the RSI for the last a single of trading hit 35.74, and the three-weeks RSI is set at 38.35 for Opendoor Technologies Inc [OPEN]. The present Moving Average for the last 50 days of trading for this stock 1.7757, while it was recorded at 1.4140 for the last single week of trading, and 2.0004 for the last 200 days.
OPEN Stock EPS
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 2.36%.
Opendoor Technologies Inc [OPEN] Institutonal Ownership Details
There are presently around $54.92%, or 61.40%% of OPEN stock, in the hands of institutional investors. The top three institutional holders of OPEN stocks are: VANGUARD GROUP INC with ownership of 88.34 million shares, which is approximately 12.9438%. BLACKROCK INC., holding 53.28 million shares of the stock with an approximate value of $$98.04 million in OPEN stocks shares; and BLACKROCK INC., currently with $$50.34 million in OPEN stock with ownership which is approximately 4.009%.
