Opendoor Technologies Inc (NASDAQ:OPEN) shares, rose in value on Thursday, March 27, with the stock price down by -2.50% to the previous day’s close as strong demand from buyers drove the stock to $1.17.
Actively observing the price movement in the last trading, the stock closed the session at $1.20, falling within a range of $1.16 and $1.22. The value of beta (5-year monthly) was 2.813. Referring to stock’s 52-week performance, its high was $3.23, and the low was $1.07. On the whole, OPEN has fluctuated by -24.03% over the past month.
With the market capitalization of Opendoor Technologies Inc currently standing at about $846.52 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-26.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 5.25B, with a low estimate of 1.03B and a high estimate of 1.08B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.06B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that OPEN’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of OPEN currently trading nearly -2.05% and -12.74% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.98, while the 7-day volatility ratio is showing 5.04% which for the 30-day chart, stands at 8.48%. Furthermore, Opendoor Technologies Inc (OPEN)’s beta value is 2.79, and its average true range (ATR) is 0.10.
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 -2.50% in last session, and over the past year, it shrunk by -60.34%%.
Data on historical trading for Opendoor Technologies Inc (NASDAQ:OPEN) indicates that the trading volumes over the past 10 days have averaged 35.82 and over the past 3 months, they’ve averaged 42.83 million. According to company’s latest data on outstanding shares, there are 719.99 million shares outstanding.
Nearly 15.99% of Opendoor Technologies Inc’s shares belong to company insiders and institutional investors own 50.26% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 70.07 million shares as on 2025-03-14, resulting in a short ratio of 1.41. According to the data, the short interest in Opendoor Technologies Inc (OPEN) stood at 1143.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 70.88 million. The stock has fallen by -26.88% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the OPEN stock heading into the next quarter.
