Opendoor Technologies Inc (OPEN) is looking forward to a strong quarter

With 40.9 million shares changed hands, the volume of the stock remained heavier than its average volume of 26.54 million shares. During the session, the Real Estate Services company that operates in wider Real Estate sector, reached to the highest price of $2.43 whereas the lowest price it dropped to was $2.28. The 52-week range on OPEN shows that it touched its highest point at $4.89 and its lowest point at $1.58 during that stretch. It currently has a 1-year price target of $2.04. Beta for the stock currently stands at 2.67.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of OPEN was up-trending over the past week, with a rise of 20.41%, but this was up by 31.84% over a month. Three-month performance surged to 18.59% while six-month performance fell -18.06%. The stock lost -26.71% in the past year, while it has lost -47.32% so far this year. A look at the trailing 12-month EPS for OPEN yields -0.59 with Next year EPS estimates of -0.54. For the next quarter, that number is -0.18. This implies an EPS growth rate of -59.39% for this year and 19.16% for next year. EPS is expected to grow by 5.20% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 44.03%.

Float and Shares Shorts:

At present, 677.64 million OPEN shares are outstanding with a float of 572.59 million shares on hand for trading. On 2024-08-30, short shares totaled 91.76 million, which was 1305.0 higher than short shares on 1722384000. In addition to Ms. Carrie A. Wheeler as the firm’s CEO & Director, Ms. Christina Schwartz serves as its Interim Chief Financial Officer.

Institutional Ownership:

Through their ownership of 0.59254 of OPEN’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, OPEN reported revenue of $1511000000.0 and operating income of -$72000000.0. The EBITDA in the recently reported quarter was -$47000000.0 and diluted EPS was -$0.13.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OPEN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.