Opendoor Technologies Stock Performance
| OPEN Stock | USD 2.15 0.08 3.59% |
The company holds a Beta of 4.61, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Opendoor Technologies will likely underperform. Opendoor Technologies has an expected return of -0.6%. Please make sure to check Opendoor Technologies maximum drawdown, as well as the relationship between the accumulation distribution and price action indicator , to decide if Opendoor Technologies performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Opendoor Technologies has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of inconsistent performance in the last few months, the Stock's technical and fundamental indicators remain very healthy which may send shares a bit higher in May 2024. The recent disarray may also be a sign of long period up-swing for the firm investors. ...more
Actual Historical Performance (%)
One Day Return (4.27) | Five Day Return (0.23) | Year To Date Return (50.12) | Ten Year Return (80.24) | All Time Return (80.24) |
1 | Vertically Integrated Home Services Provider PipeDreams Announces 25.5M Series A Led by Canvas Ventures and Plural | 03/26/2024 |
2 | Opendoor to Report First Quarter 2024 Financial Results on May 2nd, 2024 | 04/04/2024 |
3 | Spring 2024 Hudson Valley Restaurant Week To Begin In Putnam County | 04/05/2024 |
4 | Explore North Dakotas Unique Culinary Scene Featuring Nationally Recognized Restaurants and Flavorful Menus | 04/10/2024 |
5 | Insider Sellers Might Regret Selling Opendoor Technologies Shares at a Lower Price Than Current Market Value | 04/11/2024 |
6 | Elena Baturinas BE OPEN Foundation startet in Zypern eine Bildungsinitiative zur Wiederbelebung des traditionellen Handwerks | 04/15/2024 |
7 | ThoughtSpot Appoints Ahmed Quadri as Chief Customer Officer to Empower Businesses to Adopt GenAI and Break Free from Legacy BI | 04/16/2024 |
8 | Opendoor Technologies executive sells over 205k in company stock | 04/17/2024 |
9 | THE PICKLR WILL OPEN IN NORTHEASTERN INDIANAPOLIS, THE FIRST OF MULTIPLE INDIANA CLUBS | 04/18/2024 |
10 | FIRST STANDALONE FOUR SEASONS BRANDED RESIDENCES IN FLORIDA TO OPEN IN MIAMIS COCONUT GROVE | 04/23/2024 |
| Begin Period Cash Flow | 1.8 B |
Opendoor |
Opendoor Technologies Relative Risk vs. Return Landscape
If you would invest 335.00 in Opendoor Technologies on January 26, 2024 and sell it today you would lose (120.00) from holding Opendoor Technologies or give up 35.82% of portfolio value over 90 days. Opendoor Technologies is currently does not generate positive expected returns and assumes 4.6804% risk (volatility on return distribution) over the 90 days horizon. In different words, 41% of stocks are less volatile than Opendoor, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Opendoor Technologies Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Opendoor Technologies' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Opendoor Technologies, and traders can use it to determine the average amount a Opendoor Technologies' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.1291
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| Negative Returns | OPEN |
Estimated Market Risk
| 4.68 actual daily | 41 59% of assets are more volatile |
Expected Return
| -0.6 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.13 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Opendoor Technologies is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Opendoor Technologies by adding Opendoor Technologies to a well-diversified portfolio.
Opendoor Technologies Fundamentals Growth
Opendoor Stock prices reflect investors' perceptions of the future prospects and financial health of Opendoor Technologies, and Opendoor Technologies fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Opendoor Stock performance.
| Return On Equity | -0.27 | ||||
| Return On Asset | -0.0445 | ||||
| Profit Margin | (0.04) % | ||||
| Operating Margin | (0.12) % | ||||
| Current Valuation | 2.98 B | ||||
| Shares Outstanding | 679.64 M | ||||
| Price To Earning | 109.64 X | ||||
| Price To Book | 1.64 X | ||||
| Price To Sales | 0.23 X | ||||
| Revenue | 6.95 B | ||||
| Gross Profit | 667 M | ||||
| EBITDA | (290 M) | ||||
| Net Income | (275 M) | ||||
| Cash And Equivalents | 2.47 B | ||||
| Cash Per Share | 3.93 X | ||||
| Total Debt | 2.53 B | ||||
| Debt To Equity | 3.21 % | ||||
| Current Ratio | 2.76 X | ||||
| Book Value Per Share | 1.43 X | ||||
| Cash Flow From Operations | 2.34 B | ||||
| Earnings Per Share | (0.42) X | ||||
| Market Capitalization | 1.52 B | ||||
| Total Asset | 3.57 B | ||||
| Retained Earnings | (3.33 B) | ||||
| Working Capital | 3.38 B | ||||
| Current Asset | 162.43 M | ||||
| Current Liabilities | 57.59 M | ||||
About Opendoor Technologies Performance
To evaluate Opendoor Technologies Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Opendoor Technologies generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Opendoor Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Opendoor Technologies market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Opendoor's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 100.31 | 111.14 | |
| Return On Tangible Assets | (0.08) | (0.08) | |
| Return On Capital Employed | (0.10) | (0.11) | |
| Return On Assets | (0.08) | (0.08) | |
| Return On Equity | (0.28) | (0.30) |
Things to note about Opendoor Technologies performance evaluation
Checking the ongoing alerts about Opendoor Technologies for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Opendoor Technologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Opendoor Technologies generated a negative expected return over the last 90 days | |
| Opendoor Technologies has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 6.95 B. Net Loss for the year was (275 M) with profit before overhead, payroll, taxes, and interest of 667 M. | |
| About 61.0% of the company shares are owned by institutional investors | |
| Latest headline from prnewswire.com: FIRST STANDALONE FOUR SEASONS BRANDED RESIDENCES IN FLORIDA TO OPEN IN MIAMIS COCONUT GROVE |
- Analyzing Opendoor Technologies' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Opendoor Technologies' stock is overvalued or undervalued compared to its peers.
- Examining Opendoor Technologies' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Opendoor Technologies' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Opendoor Technologies' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Opendoor Technologies' stock. These opinions can provide insight into Opendoor Technologies' potential for growth and whether the stock is currently undervalued or overvalued.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Opendoor Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. To learn how to invest in Opendoor Stock, please use our How to Invest in Opendoor Technologies guide.Note that the Opendoor Technologies information on this page should be used as a complementary analysis to other Opendoor Technologies' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Opendoor Stock analysis
When running Opendoor Technologies' price analysis, check to measure Opendoor Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Opendoor Technologies is operating at the current time. Most of Opendoor Technologies' value examination focuses on studying past and present price action to predict the probability of Opendoor Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Opendoor Technologies' price. Additionally, you may evaluate how the addition of Opendoor Technologies to your portfolios can decrease your overall portfolio volatility.
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Is Opendoor Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Opendoor Technologies. If investors know Opendoor will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Opendoor Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.42) | Revenue Per Share 10.571 | Quarterly Revenue Growth (0.69) | Return On Assets (0.04) | Return On Equity (0.27) |
The market value of Opendoor Technologies is measured differently than its book value, which is the value of Opendoor that is recorded on the company's balance sheet. Investors also form their own opinion of Opendoor Technologies' value that differs from its market value or its book value, called intrinsic value, which is Opendoor Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Opendoor Technologies' market value can be influenced by many factors that don't directly affect Opendoor Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Opendoor Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Opendoor Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Opendoor Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.