Opendoor Technologies Inc (NASDAQ:OPEN) price on Thursday, May 01, fall -1.41% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.75.
A look at the stock’s price movement, the close in the last trading session was $0.76, moving within a range at $0.74 and $0.7925. The beta value (5-Year monthly) was 2.837. Turning to its 52-week performance, $3.09 and $0.72 were the 52-week high and 52-week low respectively. Overall, OPEN moved -25.61% over the past month.
Opendoor Technologies Inc’s market cap currently stands at around $544.92 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-26.
Analysts have a consensus estimate of 1.06B for the company’s revenue for the quarter, with a low and high estimate of 1.03B and 1.08B respectively. The average forecast suggests down to a -10.31% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 5.24B, representing a 1.77% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that OPEN is a 100% 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 100% Sell category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 3 recommend OPEN as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
OPEN’s current price about -17.64% and -31.97% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 31.37, while 7-day volatility ratio is 7.89% and 11.85% in the 30-day chart. Further, Opendoor Technologies Inc (OPEN) has a beta value of 2.87, and an average true range (ATR) of 0.09. Analysts have given the company’s stock an average 52-week price target of $1.75, forecast between a low of $1.75 and high of $1.75. Looking at the price targets, the low is -133.33% off current price level while to achieve the yearly target high, price needs to move -133.33%. Nonetheless, investors will most likely welcome a -133.33% jump to $1.75 which is the analysts’ median price.
If we refocus on Opendoor Technologies Inc (NASDAQ:OPEN), historical trading data shows that trading volumes averaged 70.97 over the past 10 days and 47.55 million over the past 3 months. The company’s latest data on shares outstanding shows there are 719.99 million shares.
The 16.20% of Opendoor Technologies Inc’s shares are in the hands of company insiders while institutional holders own 50.25% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 80.88 million on 2025-04-15, giving us a short ratio of 1.99. The data shows that as of 2025-04-15 short interest in Opendoor Technologies Inc (OPEN) stood at 1319.0 of shares outstanding, with shares short rising to 70.07 million registered in 2025-03-14. Current price change has pushed the stock -53.27% 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.
