Opendoor Technologies Inc. (NASDAQ:OPEN) price is hovering lower on Monday, Jan 25, sinking -2.83% below its previous close.

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A look at today’s price movement shows that the recent level at last check reads $29.14, with intraday deals fluctuating between $26.58 and $28.90. The company’s 5Y monthly beta was ticking 0 while its P/E ratio in the trailing 12-month period read 0. Taking into account the 52-week price action we note that the stock hit a 52-week high of $32.39 and 52-week low of $10.55. The stock lost -6.75% on its value in the past month.

Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 3 analysts have assigned OPEN a recommendation rating as follows: 1 rate it as a Hold; 2 advise Buy while none analyst(s) assign an Outperform rating. None analyst(s) have tagged the Opendoor Technologies Inc. (OPEN) stock as Underperform, with none recommending Sell. In general, analysts have rated the stock Overweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.

If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 0. The overview shows that OPEN’s price is at present 6.24% off the SMA20 and 16.21% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 55.3, with weekly volatility standing at 8.29%. The indicator jumps to 8.97% when calculated based on the past 30 days. Opendoor Technologies Inc. (NASDAQ:OPEN)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 2.46. Considering analysts have assigned the stock a price target range of $31-$34 as the low and high respectively, we find the trailing 12-month average consensus price target to be $32.5. Based on this estimate, we see that today’s price at last check is roughly 9.46% off the estimated low and 20.06% off the forecast high. Investors will no doubt be excited to see the share price rise to $32.5, which is the median consensus price, and at that level OPEN would be +14.76% from recent price.

Turning out attention to how the Opendoor Technologies Inc. stock has performed in comparison to its peers in the industry, here’s what we find: OPEN’s stock is -2.83% on the day and 0% in the past 12 months, while Spotify Technology S.A. (SPOT) traded -1.64% in the latest session and is positioned +127.54% up on its price 12 months ago. Another comparison is with Docusign Inc (DOCU) whose stock price is down -4.25% in the current trading session, and has flourished +243.27% over the past year. Also, Thomson Reuters Corp (TRI) is currently showing downtrend of -2.83% while its price kept floating at 0% over the past year. As for Opendoor Technologies Inc., the P/E ratio stands at 0 lower than that of Spotify Technology S.A.’s at 0 and Docusign Inc’s 0. Elsewhere in the market, the S&P 500 Index has fell -0.28% in today’s early trading, with the Dow Jones Industrial also seeing a negative session so far with -0.6%.

An analysis of the Opendoor Technologies Inc. (NASDAQ:OPEN) stock in terms of its daily trading volume indicates that the 3-month average is 4.03 Million. However, this figure increases on the past 10-day timeline to an average of 6.17 Million.

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