Opendoor Technologies Inc [NASDAQ: OPEN] jumped around 67199999.42 points on Friday, while shares priced at $67200000.0 at the close of the session, up 79103800%.
Compared to the average trading volume of 67.20M shares, OPEN reached a trading volume of 79103800 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $0.86 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 2.88. 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 Price to Book ratio for the last quarter was 0.60, with the Price to Cash per share for the same quarter was set at 0.95.
How has OPEN stock performed recently?
Opendoor Technologies Inc [OPEN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.12. With this latest performance, OPEN shares dropped by -27.82% in over the last four-week period, additionally sinking by -72.16% over the last 6 months – not to mention a drop of -66.59% in the past year of trading.
Opendoor Technologies Inc [OPEN]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Opendoor Technologies Inc [OPEN] shares currently have an operating margin of -5.19% and a Gross Margin at 8.16%. Opendoor Technologies Inc’s Net Margin is presently recorded at -7.18%.
Return on Equity for this stock declined to -11.02%, with Return on Assets sitting at -11.02%.
Insider trade positions for Opendoor Technologies Inc [OPEN]
There are presently around $49.34%, or 55.70%% 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 12.7387%. 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 3.9455%.
