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Opendoor Technologies Inc. (OPEN)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
2.4650+0.0350 (+1.44%)
As of 12:39PM EDT. Market open.
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Bearishpattern detected
Price Crosses Moving Average

Price Crosses Moving Average

Previous Close2.4300
Open2.5000
Bid2.4600 x 3000
Ask2.4700 x 1400
Day's Range2.3900 - 2.5300
52 Week Range0.9170 - 5.4100
Volume7,765,859
Avg. Volume20,502,998
Market Cap1.625B
Beta (5Y Monthly)2.16
PE Ratio (TTM)N/A
EPS (TTM)-1.7900
Earnings DateNov 01, 2023 - Nov 06, 2023
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est2.88
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued

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    Opendoor (NASDAQ:OPEN) Technologies, the notable fintech company, saw a significant 5.2% decline in share value on Monday. The drop is largely due to Citigroup (NYSE:C)'s decision to lower its price target for Opendoor from $3.90 to $2.70, while maintaining a neutral rating for the company.

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    With relief in mortgage rates now unlikely for at least another two if not three years, it's not a surprise to see most stocks take a step back last week. The flipper of residential real estate saw its stock plummet 20%, mirroring the 20% plunge in Carvana, which is also susceptible to a stubborn outlook for loans. Opendoor has shed more than half of its value since hitting a 2023 high last month, but the stock has still more than doubled this year.

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