Opendoor Technologies Inc (OPEN): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NASDAQ-listed company operates within the Real Estate Services industry segment, falling under the Real Estate sector. The current market capitalization of Opendoor Technologies Inc is $1.26B. A total of 17.93 million shares were traded on the day, compared to an average of 18.96M shares.

In the most recent transaction, Meyer Megan D. sold 4,808 shares of OPEN for 1.79 per share on Aug 15 ’24. After the transaction, the President, Sell Direct & Svcs. now owns 4,474,641 company shares. In a previous transaction on Aug 06 ’24, Schaub Sydney sold 2,512 shares at 1.79 per share. OPEN shares that Chief Legal Officer owns now total 1,373,239.

Among the insiders who sold shares, Meyer Megan D. disposed of 4,808 shares on Aug 01 ’24 at a per-share price of $2.13. This resulted in the President, Sell Direct & Svcs. holding 4,479,449 shares of OPEN after the transaction. In another insider transaction, Meyer Megan D. sold 4,808 shares at $2.64 per share on Jul 18 ’24. Company shares held by the President, Sell Direct & Svcs. now total 4,484,257.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, OPEN has a high of $4.89 and a low of $1.58.

As of this writing, OPEN has an earnings estimate of -$0.14 per share for the current quarter. EPS was calculated based on a consensus of 7.0 estimates, with a high estimate of -$0.12 per share and a lower estimate of -$0.19.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. OPEN’s latest balance sheet shows that the firm has $2.21B in Cash & Short Term Investments as of fiscal 2021. There were $7.11B in debt and $4.40B in liabilities at the time. Its Book Value Per Share was $1.21, while its Total Shareholder’s Equity was $2.25B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for OPEN is Buy with a score of 3.09.

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