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Wednesday, February 8, 2023

This Is Too Hot For Opendoor Technologies Inc. (NASDAQ: OPEN), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Opendoor Technologies Inc. (OPEN) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.02, or -1.23%, to $1.61. The Opendoor Technologies Inc. has recorded 779,382 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Opendoor Appoints CFO Carrie Wheeler to CEO; Co-Founder and CEO Eric Wu Transitions to New Role as President, Marketplace.

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Stocks Info

As a NASDAQ listed company, OPEN falls under the Real Estate sector while operating within the Real Estate Services industry segment. At the end of the last regular session, the stock closed at $1.63 and fluctuated between $1.6500 as its day high and $1.3600 as its day low. The current market capitalization of Opendoor Technologies Inc. is $979.84M. A total of 36.56 million shares were traded on the day, compared to an average of 25.06M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, OPEN has seen 0 BUY and 12 SELL insider trades, representing the acquisition of 0 and the disposition of 2,009,981 shares. Over the last 12 months, there were 12 BUYs and 29 SELLs from insiders. Insiders purchased 1,740,317 shares during that period but sold 3,772,344.

In the most recent transaction, Wu Eric Chung-Wei sold 100,000 shares of OPEN for 1.22 per share on Jan 10. After the transaction, the Director now owns 28,991,868 company shares. In a previous transaction on Jan 03, Schwartz Christina sold 6,296 shares at 1.18 per share. OPEN shares that insider owns now total 828,614.

Among the insiders who sold shares, Morillo Daniel disposed of 25,647 shares on Jan 03 at a per-share price of $1.11. This resulted in the Chief Investment Officer holding 1,557,555 shares of OPEN after the transaction. In another insider transaction, Morillo Daniel sold 77,827 shares at $1.22 per share on Dec 21. Company shares held by the Chief Investment Officer now total 1,583,202.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for OPEN in the last 3 months, the mean price target is $4.32 with high estimates of $13.00 and low estimates of $1.00. In terms of 52-week highs and lows, OPEN has a high of $13.32 and a low of $0.92.

As of this writing, OPEN has an earnings estimate of -$0.52 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of -$0.46 per share and a lower estimate of -$0.67. The company reported an EPS of $0.04 in the last quarter, which was 130.80% higher than expectations of -$0.13.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 14 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for OPEN is Hold with a score of 3.73. A total of 8 analysts rated the stock as Buy while 0 rated it as Overweight while 3 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 2 thought it should be Sold.

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