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Behind Opendoor Technologies Inc’s 52-Week Range: Uncovering Opportunities for Investors

Opendoor Technologies Inc saw a rather unpredictable run in, in terms of market performance. The company’s stock reached its highest point at $4.89 on 12/14/23, while the lowest price for the same duration was marked at $1.58 on 08/12/24.

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 -57.46% away from its 52-week high, while its distance from the 52-week low is 31.65%. The stock’s price range during the 52-week period has remained between $1.58 and $4.89. In the Real Estate sector, the company’s shares saw a trading volume of around 43.55 million for the day, which was evidently higher than the average daily volume of 28.19 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 rise of 10.05% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.46B 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 2.12, with a change in price of -0.05. Similarly, Opendoor Technologies Inc recorded 24,347,592 in trading volume during the last 100 days, posting a change of -2.12%.

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 2.90. Similarly, the long-term debt-to-equity ratio is also 2.53.

OPEN Stock Stochastic Average

Opendoor Technologies Inc’s raw stochastic average for the past 50 days is presently 33.11%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 36.49%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 46.85% and 58.27%, respectively.

OPEN Stock Price Performance Analysis

Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. Year to date metric has recorded a loss of -53.57%.However, over the last six months, we can see a stronger performance of -33.55%. Over the last 30 days, the price of OPEN has fallen by 3.48%. And in the last five days, it has fallen by -8.37%.

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