Opendoor Technologies Inc [OPEN] stock is trading at $1.93, up 3.21%. An important factor to consider is whether the stock is rising or falling in short-term value. The OPEN shares have gain 4.89% over the last week, with a monthly amount drifted -14.98%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Opendoor Technologies Inc [NASDAQ: OPEN] stock has seen the most recent analyst activity on December 20, 2023, when BTIG Research downgraded its rating to a Neutral. Previously, Keefe Bruyette upgraded its rating to Mkt Perform on December 13, 2023, and kept the price target unchanged to $3.50. On November 21, 2023, Deutsche Bank initiated with a Hold rating and assigned a price target of $2.80 on the stock. UBS started tracking the stock assigning a Neutral rating and suggested a price target of $2.75 on September 29, 2023. Gordon Haskett upgraded its rating to a Hold and reduced its price target to $2.25 on September 26, 2023. Morgan Stanley started tracking with a Equal-Weight rating for this stock on July 24, 2023, and assigned it a price target of $4.25. In a note dated July 19, 2023, Gordon Haskett downgraded an Underperform rating on this stock.
Opendoor Technologies Inc [OPEN] stock has fluctuated between $1.58 and $4.89 over the past year. Currently, Wall Street analysts expect the stock to reach $5.63 within the next 12 months. Opendoor Technologies Inc [NASDAQ: OPEN] shares were valued at $1.93 at the most recent close of the market. An investor can expect a potential return of 191.71% based on the average OPEN price forecast.
Analyzing the OPEN fundamentals
Opendoor Technologies Inc [NASDAQ:OPEN] reported sales of 4.54B for the trailing twelve months, which represents a drop of -23.53%. Gross Profit Margin for this corporation currently stands at 0.09% with Operating Profit Margin at -0.08%, Pretax Profit Margin comes in at -0.09%, and Net Profit Margin reading is -0.09%. To continue investigating profitability, this company’s Return on Assets is posted at -0.12, Equity is -0.43 and Total Capital is -0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.88.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.8500 points at the first support level, and at 1.7700 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.9800, and for the 2nd resistance point, it is at 2.0300.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 0.30, the price to book ratio is 1.60.
Transactions by insiders
Recent insider trading involved Schwartz Christina, that happened on Sep 16 ’24 when 24800.0 shares were sold. Chief Legal Officer, Schaub Sydney completed a deal on Sep 16 ’24 to sell 77376.0 shares. Meanwhile, Chief Executive Officer WHEELER CARRIE sold 0.69 million shares on Sep 16 ’24.
