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

With 39.07 million shares changed hands, the volume of the stock remained heavier than its average volume of 36.19 million shares. During the session, the Real Estate Services company that operates in wider Real Estate sector, reached to the highest price of $2.48 whereas the lowest price it dropped to was $2.26. The 52-week range on OPEN shows that it touched its highest point at $4.89 and its lowest point at $1.52 during that stretch. It currently has a 1-year price target of $1.76. Beta for the stock currently stands at 2.76.

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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 37.65%, but this was up by 27.17% over a month. Three-month performance surged to 8.84% while six-month performance rose 7.34%. The stock lost -22.00% in the past year, while it has lost -47.77% so far this year. A look at the trailing 12-month EPS for OPEN yields -0.54 with Next year EPS estimates of -0.41. For the next quarter, that number is -0.17. This implies an EPS growth rate of -35.65% for this year and 27.50% for next year. EPS is expected to grow by 14.91% 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 594.13 million shares on hand for trading. On 2024-11-15, short shares totaled 72.04 million, which was 1007.0 higher than short shares on 1728950400. 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 0.55398 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 2024-09-30, OPEN reported revenue of $1377000000.0 and operating income of -$67000000.0. The EBITDA in the recently reported quarter was -$32000000.0 and diluted EPS was -$0.11.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OPEN since 3 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With OPEN analysts setting a high price target of 3.0 and a low target of 1.0, the average target price over the next 12 months is 1.92778. Based on these targets, OPEN could surge 28.21% to reach the target high and fall by -57.26% to reach the target low. Reaching the average price target will result in a decline of -17.62% from current levels.

Analysts have provided yearly estimates in a range of -$0.51671 being high and -$0.6757 being low. For OPEN, this leads to a yearly average estimate of -$0.56971.