A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. Opendoor Technologies Inc.’s current trading price is -40.76% away from its 52-week high, while its distance from the 52-week low is 249.51%. The stock’s price range for this time frame has been between $0.92 and $5.41. The trading volume of the company’s shares in the Real Estate reached around 10.67 million for the day, which was evidently lower than the average daily volume of 22.03 million over the last three months.
Opendoor Technologies Inc. (OPEN) currently has a stock price of $3.20. The stock saw a sharp increase in the last trading session, hitting a high of $3.62 after opening at $3.54. The lowest recorded price for the day was $3.42 before it closed at $3.42.
Opendoor Technologies Inc.’s stock has seen a rocky market performance. The company’s stock achieved a 1-year high of $5.41 on 08/01/23, and the lowest price during that time was $0.92, recorded on 12/27/22.
How Financial Performance Impacts Market Capitalization
Opendoor Technologies Inc. (OPEN) has experienced a quarterly rise of 7.55% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.09B and boasts a workforce of 2570 employees.
Decoding Analysts’ Ratings for Opendoor Technologies Inc.
As of right now, 4 analysts are rating Opendoor Technologies Inc. as a BUY, 0 of the polled analysts branded the stock as an OVERWEIGHT, 4 analysts are recommending to HOLD this stock, 1 of them gave the stock UNDERWEIGHT rating, and 2 analysts are rating the stock as SELL.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 3.21, with a change in price of +1.83. Similarly, Opendoor Technologies Inc. recorded 22,560,908 in trading volume during the last 100 days, posting a change of +130.14%.
How OPEN’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for OPEN stands at 2.80. Similarly, the long-term debt-to-equity ratio is also 2.79.
OPEN Stock Stochastic Average
Opendoor Technologies Inc.’s raw stochastic average for the past 50 days is currently at 7.87%. This represents a fall from the raw stochastic average of the last 20 days, which was recorded at 16.52%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 29.32% and 40.82%, respectively.
OPEN Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. Year to date metric has recorded a gain of 176.29%.However, over the last six months, we can see a weaker performance of 91.92%. Over the last 30 days, the price of OPEN has leaped by -3.17%. And in the last five days, it has fallen by -15.21%.