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Sunday, December 3, 2023

Opendoor Technologies Inc (NASDAQ: OPEN) Could Be Viewed Differently By Investors Because Of These Numbers

After Hours

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. After-hours trades for Opendoor Technologies Inc (OPEN) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.01, or 0.40%, to $2.51. The Opendoor Technologies Inc has recorded 340,579 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Dana Hamilton joins Opendoor Board of Directors.

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Stocks Info

The company is listed on the NASDAQ and operates within the Real Estate Services industry segment. At the end of the last regular session, the stock closed at $2.50 and fluctuated between $2.6150 as its day high and $2.4500 as its day low. The current market capitalization of Opendoor Technologies Inc is $1.68B. A total of 14.98 million shares were traded on the day, compared to an average of 16.90M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, OPEN has seen 1 BUY and 16 SELL insider trades, representing the acquisition of 52,777 and the disposition of 1,607,750 shares. Over the last 12 months, there were 15 BUYs and 57 SELLs from insiders. Insiders purchased 16,228,013 shares during that period but sold 15,254,600.

In the most recent transaction, Wu Eric Chung-Wei sold 70,201 shares of OPEN for 2.46 per share on Nov 15. After the transaction, the Director now owns 19,009,219 company shares. In a previous transaction on Nov 10, Schaub Sydney sold 20,078 shares at 2.05 per share. OPEN shares that Chief Legal Officer owns now total 1,280,373.

Among the insiders who sold shares, Meyer Megan D. disposed of 4,808 shares on Nov 09 at a per-share price of $2.08. This resulted in the President, Sell Direct & Svcs. holding 2,628,382 shares of OPEN after the transaction. In another insider transaction, Meyer Megan D. sold 4,808 shares at $2.06 per share on Oct 26. Company shares held by the President, Sell Direct & Svcs. now total 2,633,190.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for OPEN in the last 3 months, the mean price target is $2.24 with high estimates of $3.50 and low estimates of $1.00. In terms of 52-week highs and lows, OPEN has a high of $5.41 and a low of $0.92.

As of this writing, OPEN has an earnings estimate of -$0.18 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of -$0.16 per share and a lower estimate of -$0.2. The company reported an EPS of -$0.3 in the last quarter, which was 21.10% higher than expectations of -$0.38.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. OPEN’s latest balance sheet shows that the firm has $2.21B in Cash & Short Term Investments as of fiscal 2021. There were $7.11B in debt and $4.40B in liabilities at the time. Its Book Value Per Share was $1.53, while its Total Shareholder’s Equity was $2.25B.

Analysts Opinion

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. Currently, 0 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 Buy with a score of 3.18.

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