Opendoor Technologies Inc (NASDAQ:OPEN) price on Thursday, May 09,rose 8.49% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.30.
A look at the stock’s price movement, the close in the last trading session was $2.12. Turning to its 52-week performance, $5.41 and $1.80 were the 52-week high and 52-week low respectively. Overall, OPEN moved -6.12% over the past month.
Opendoor Technologies Inc’s market cap currently stands at around $1.59 billion.
Turning to the stock’s technical picture we see that short term indicators suggest on average that OPEN is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
OPEN’s current price about 5.82% and -11.44% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 49.14, while 7-day volatility ratio is 9.50% and 7.45% in the 30-day chart. Further, Opendoor Technologies Inc (OPEN) has a beta value of 2.75, and an average true range (ATR) of 0.19.
If we refocus on Opendoor Technologies Inc (NASDAQ:OPEN), historical trading data shows that trading volumes averaged 18.35 million over the past 3 months. The company’s latest data on shares outstanding shows there are 677.64 million shares.
The 19.84% of Opendoor Technologies Inc’s shares are in the hands of company insiders while institutional holders own 55.89% of the company’s shares. Current price change has pushed the stock -48.66% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the OPEN stock continues to rise going into the next quarter.