Gains May Be On The Menu For Opendoor Technologies Inc (NASDAQ: OPEN)

Currently, there are 677.64M common shares owned by the public and among those 545.05M shares have been available to trade.

Insiders at the company have transacted a total of 56 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 7 of these insider trades were purchases, accounting for 605,773 shares. Insider sales of the common stock occurred on 49 occasions, with total insider shares sold totaling 14,111,843 shares.

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The company’s stock has a 5-day price change of -14.33% and 22.65% over the past three months. OPEN shares are trading -35.94% year to date (YTD), with the 12-month market performance up to 55.14% higher. It has a 12-month low price of $1.10 and touched a high of $5.41 over the same period. OPEN has an average intraday trading volume of 21.63 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -13.37%, -21.46%, and -10.43% respectively.

Institutional ownership of Opendoor Technologies Inc (NASDAQ: OPEN) shares accounts for 57.30% of the company’s 677.64M shares outstanding.

It has a market capitalization of $1.95B and a beta (3y monthly) value of 2.65. The earnings-per-share (ttm) stands at -$0.42. The company has a debt-to-equity ratio at 2.62. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.37% over the week and 7.47% over the month.

Analysts forecast that Opendoor Technologies Inc (OPEN) will achieve an EPS of -$0.16 for the current quarter, -$0.13 for the next quarter and -$0.35 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.22 while analysts give the company a high EPS estimate of -$0.13. Comparatively, EPS for the current quarter was -$0.64 a year ago. Earnings per share for the fiscal year are expected to decrease by -75.55%, and 24.18% over the next financial year. EPS should shrink at an annualized rate of 5.20% over the next five years, compared to 44.03% over the past 5-year period.

Keefe Bruyette coverage for the Opendoor Technologies Inc (OPEN) stock in a research note released on December 13, 2023 offered a Mkt Perform rating with a price target of $3.50. Deutsche Bank was of a view on November 21, 2023 that the stock is Hold, while UBS gave the stock Neutral rating on September 29, 2023, issuing a price target of $2.75. Gordon Haskett on their part issued Hold rating on September 26, 2023.

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