Opendoor Technologies Inc. (NASDAQ:OPEN) shares, dropped in value on Thursday, Jan 14, with the stock price down by -0.19% to the previous day’s close as weak demand from buyers trailed the stock to $26.79.
Actively observing the price movement in the recent trading, the stock is buoying the session at $26.84, falling within a range of $26.20 and $27.25. The value of beta (5-year monthly) is 0 whereas the PE ratio is 0 over 12-month period. Referring to stock’s 52-week performance, its high was $32.39, and the low was $10.55. On the whole, OPEN has fluctuated by 5.54% over the past month.
3 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 1 analyst(s), 2 recommend it as a Buy and no body called the OPEN stock Outperform. In the meantime, none analyst(s) believe the stock as Underperform and none think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Overweight.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of OPEN currently trading nearly -0.19% and 15.76% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.5, while the 7-day volatility ratio is showing 7% which for the 30-day chart, stands at 10.56%. Furthermore, Opendoor Technologies Inc. (OPEN)’s beta value is 0, and its average true range (ATR) is 2.5. The company’s stock has been forecasted to trade at an average price of $32.5 over the course of the next 52 weeks, with a low of $31 and a high of $34. Based on these price targets, the low is 15.71 off current price, whereas the price has to move +26.91% to reach the yearly target high. Additionally, analysts’ median price of $32.5 is likely to be welcomed by investors because it represents an increase of +21.31% from the current levels.
A comparison of Opendoor Technologies Inc. (OPEN) with its peers suggests the former has fared considerably weaker in the market. OPEN showed an intraday change of -0.19% in today’s session so far, and over the past year, it dropped by 0%. In comparison, Brookfield Asset Management Inc (BAM) has moved higher at +0.85% today and is down -4.68% over the past 12 months. On the other hand, the price of Zillow Group Cl C (Z) has risen 1.06% today. The stock, however, is off 204.29% from where it was a year ago. Additionally, there is a decline of -19% for CBRE Group Inc (CBRE) in recent trading while the stock has seen an overall depriciation of 0% over the past year. The PE ratio stands at 0 for Opendoor Technologies Inc., compared to 0 for Brookfield Asset Management Inc, and 0 for Zillow Group Cl C. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 0.21%. Meanwhile, the Dow Jones Industrial improved by 0.37%.
Data on historical trading for Opendoor Technologies Inc. (NASDAQ:OPEN) indicates that the trading volumes over the past 10 days have averaged 4.99 Million and over the past 3 months, they’ve averaged 3.81 Million. According to company’s latest data on outstanding shares, there are 544.42 Million shares outstanding.
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