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Opendoor Technologies (OPEN)
NASDAQ:OPEN
RESEARCH TOOLSreports
Opendoor Technologies (OPEN) Stock Price & Analysis
4,339 Followers
OPEN Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$1.80 - $5.41
Previous Close$2.45
Volume14.80M
Average Volume (3M)18.24M
Market Cap
$1.67B
Enterprise Value$3.14B
Total Cash (Recent Filing)$990.00M
Total Debt (Recent Filing)$2.43B
Price to Earnings (P/E)-5.8
Beta3.45
Next Earnings
Aug 01, 2024EPS Estimate
-$0.14Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.42
Shares Outstanding691,575,980
10 Day Avg. Volume24,060,819
30 Day Avg. Volume18,235,256
Standard Deviation0.33
R-Squared0.25
Alpha-0.04
Financial Highlights & Ratios
Price to Book (P/B)1.92
Price to Sales (P/S)1.44
Price to Cash Flow (P/CF)-2.40
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.63
Enterprise Value/Gross Profit6.44
Enterprise Value/Ebitda2.06
Forecast
1Y Price Target
$2.60Price Target Upside7.66% Upside
Rating ConsensusHold
Number of Analyst Covering9
Opendoor Technologies News
PremiumCompany Announcements
Opendoor Technologies Issues Informative Earnings Supplement
PremiumCompany Announcements
Opendoor Technologies Announces Board Membership ChangesBulls Say, Bears Say
Bulls Say
Financial PerformanceOpendoor Technologies Inc. delivered solid quarterly results, beating consensus estimates on both the top and bottom line.
Market PositionOpendoor demonstrated market strength with sequential market share growth, despite low housing market inventory levels.
Strategic PartnershipsThe partnership with eXp Realty is expected to drive incremental acquisitions and build agent & seller awareness, enhancing Opendoor's market presence.
Bears Say
Financial PerformanceOPEN does not expect to return to positive adjusted net income in any quarter of 2024, reflecting challenges in the iBuyer business model.
Market CompetitionIf OPEN does not adjust its seller fee in response to industry commission rate changes, it could become a more expensive option than traditional selling routes.
Profitability ConcernsOPEN plans to ramp advertising spend and no longer expects to reach break-even sales volume in any quarter this year, yielding a more downbeat EBITDA outlook.
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Ownership Overview
25.70% Insiders
18.08% Mutual Funds
26.67% Other Institutional Investors
29.54% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
The estimated number of people who visited one or more of the websites owned by Opendoor Technologies
Desktop Users
Mobile Users
OPEN FAQ
What was Opendoor Technologies’s price range in the past 12 months?
Opendoor Technologies lowest stock price was $1.80 and its highest was $5.41 in the past 12 months.
What is Opendoor Technologies’s market cap?
Currently, no data Available
When is Opendoor Technologies’s upcoming earnings report date?
Opendoor Technologies’s upcoming earnings report date is Aug 01, 2024 which is in 78 days.
How were Opendoor Technologies’s earnings last quarter?
Opendoor Technologies released its earnings results on May 02, 2024. The company reported -$0.16 earnings per share for the quarter, beating the consensus estimate of -$0.209 by $0.049.
Is Opendoor Technologies overvalued?
According to Wall Street analysts Opendoor Technologies’s price is currently Undervalued.
Does Opendoor Technologies pay dividends?
Opendoor Technologies does not currently pay dividends.
What is Opendoor Technologies’s EPS estimate?
Opendoor Technologies’s EPS estimate is -$0.14.
How many shares outstanding does Opendoor Technologies have?
Opendoor Technologies has 691,576,000 shares outstanding.
What happened to Opendoor Technologies’s price movement after its last earnings report?
Opendoor Technologies reported an EPS of -$0.16 in its last earnings report, beating expectations of -$0.209. Following the earnings report the stock price went up 8.867%.
Which hedge fund is a major shareholder of Opendoor Technologies?
Among the largest hedge funds holding Opendoor Technologies’s share is Gotham Asset Management LLC. It holds Opendoor Technologies’s shares valued at 7M.
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Opendoor Technologies Stock Smart Score
Underperform
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9
10
Analyst Consensus
Hold
Average Price Target:
$2.60 (7.66% Upside)
$2.60 (7.66% Upside)
Blogger Sentiment
Bullish
OPEN Sentiment 66%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 11.2M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $55.8K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.7%
Last 30 Days ▼ 2.4%
Last 30 Days ▼ 2.4%
Technicals
SMA
Negative
20 days / 200 days
Momentum
25.64%
12-Months-Change
Fundamentals
Return on Equity
-29.25%
Trailing 12-Months
Asset Growth
-33.41%
Trailing 12-Months
Company Description
Opendoor Technologies
Social Capital Hedosophia Holdings Corp II is a blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
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OPEN Earnings Call
Q1 2024
0:00 / 0:00
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OPEN Stock 12 Month Forecast
Average Price Target
$2.60
▲(7.66% Upside)
Technical Analysis
Best Analysts Covering OPEN
1 Year
1 Year Success Rate
6/10 ratings generated profit
1 Year Average Return
+15.09%
reiterated a sell rating 13 days ago
Copying Curtis Nagle's trades and holding each position for 1 Year would result in 60.00% of your transactions generating a profit, with an average return of +15.09% per trade.
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