Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Opendoor Technologies Inc’s current trading price is -46.30% away from its 52-week high, while its distance from the 52-week low is 132.40%. The stock’s price range during this period has varied between $1.25 and $5.41. The company, active in the Real Estate sector, saw a trading volume of around 9.45 million for the day, considerably lower average daily volume of 20.22 million observed over the last three months.
Opendoor Technologies Inc’s stock has had a calm market performance. The 1-year high for the company’s stock was $5.41 on 08/01/23, and the lowest price during the same period was recorded at $1.25 on 04/26/23.
How Financial Performance Impacts Market Capitalization
Opendoor Technologies Inc (OPEN) has experienced a quarterly decline of -37.79% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.97B and boasts a workforce of 1982 employees.
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 3.23, with a change in price of +0.83. Similarly, Opendoor Technologies Inc recorded 20,637,861 in trading volume during the last 100 days, posting a change of +39.47%.
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 2.62. Similarly, the long-term debt-to-equity ratio is also 2.62.
OPEN Stock Stochastic Average
As of today, the raw stochastic average of Opendoor Technologies Inc over the past 50 days is 31.89%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 55.48%. Additionally, the Stochastic %K and %D values for the company were 65.98% and 63.30%, respectively, over the past 20 days.
OPEN Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a loss of -35.16%.However, over the last six months, we can see a weaker performance of 11.30%. Over the last 30 days, the price of OPEN has leaped by -5.68%. And in the last five days, it has fallen by -2.52%.
