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Anchoring Your Portfolio: Is OPEN Stock a Safe Harbor?

Opendoor Technologies Inc experienced a rather steady stock market performance. The highest value in the past year was recorded at $5.41 on 08/01/23 and the lowest value was $1.25 on 04/26/23.

52-week price history of OPEN Stock

Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Opendoor Technologies Inc’s current trading price is -46.21% away from its 52-week high, while its distance from the 52-week low is 132.80%. The stock’s price range during the 52-week period has remained between $1.25 and $5.41. In the Real Estate sector, the company’s shares saw a trading volume of around 16.2 million for the day, which was evidently lower than the average daily volume of 20.22 million over the past three months.

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Market Capitalization and Financial Performance: An In-Depth Look

Opendoor Technologies Inc (OPEN) has experienced a quarterly decline of -37.69% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.98B and boasts a workforce of 1982 employees.

Making Sense of Trading Volume and Moving Average Data

Based on Barchart.com data, the company’s moving average over the 100-day period was 3.23, with a change in price of +0.82. Similarly, Opendoor Technologies Inc recorded 20,716,400 in trading volume during the last 100 days, posting a change of +39.23%.

Examining OPEN’s Debt-to-Equity Ratio: What You Need to Know

The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the 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, Opendoor Technologies Inc’s raw stochastic average for the last 50 days stands at 31.50%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 54.79%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 65.75% and 63.22%, respectively.

OPEN Stock Price Performance Analysis

Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. The index has shown a price loss of -35.04% this year. Over the last six months, there has been a weaker performance of 11.49%. The price of OPEN leaped by -5.52% during the last 30 days period. For the last 5-days stocks have slided -2.35%.

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