Opendoor Technologies Stock Today

OPEN Stock  USD 2.54  0.28  12.39%   

Performance

4 of 100

 
Weak
 
Strong
Insignificant

Odds Of Distress

Less than 38

 
High
 
Low
Below Average
Opendoor Technologies is selling at 2.54 as of the 15th of July 2024; that is 12.39 percent increase since the beginning of the trading day. The stock's open price was 2.26. Opendoor Technologies has about a 38 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Opendoor Technologies are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 15th of June 2024 and ending today, the 15th of July 2024. Click here to learn more.
Business Domain
Real Estate Management & Development
IPO Date
18th of June 2020
Category
Real Estate
Opendoor Technologies Inc. operates a digital platform for residential real estate in the United States. Opendoor Technologies Inc. was incorporated in 2013 and is based in Tempe, Arizona. Opendoor Technologies operates under Real Estate Services classification in the United States and is traded on NASDAQ Exchange. The company has 691.58 M outstanding shares of which 84.07 M shares are now shorted by private and institutional investors with about 5.7 trading days to cover. More on Opendoor Technologies

Moving together with Opendoor Stock

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Moving against Opendoor Stock

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Opendoor Stock Highlights

ESG Sustainability
Environmental
Governance
Social
President CapitalDod Fraser
Business ConcentrationReal Estate Management & Development, Real Estate, NASDAQ Composite, Real Estate, Real Estate Management & Development, Real Estate Services, Real Estate (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover1.351.9473
Way Down
Slightly volatile
Gross Profit Margin0.0780.0701
Moderately Up
Very volatile
Total Current Liabilities66.5 M70 M
Notably Down
Very volatile
Non Current Liabilities Total2.5 B2.5 B
Slightly Down
Slightly volatile
Total Assets5.3 B3.6 B
Way Up
Slightly volatile
Total Current Assets4.6 B3.4 B
Significantly Up
Slightly volatile
Debt Levels
Opendoor Technologies can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Opendoor Technologies' financial leverage. It provides some insight into what part of Opendoor Technologies' total assets is financed by creditors.
Liquidity
Opendoor Technologies currently holds 2.53 B in liabilities with Debt to Equity (D/E) ratio of 3.21, implying the company greatly relies on financing operations through barrowing. Opendoor Technologies has a current ratio of 2.7, suggesting that it is liquid enough and is able to pay its financial obligations when due. Note, when we think about Opendoor Technologies' use of debt, we should always consider it together with its cash and equity.

Depreciation

53.2 Million
Opendoor Technologies (OPEN) is traded on NASDAQ Exchange in USA. It is located in 410 North Scottsdale Road, Tempe, AZ, United States, 85288 and employs 1,982 people. Opendoor Technologies is listed under Real Estate Management & Development category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.65 B. Opendoor Technologies conducts business under Real Estate Management & Development sector and is part of Real Estate industry. The entity has 691.58 M outstanding shares of which 84.07 M shares are now shorted by private and institutional investors with about 5.7 trading days to cover. Opendoor Technologies currently holds about 2.47 B in cash with 2.34 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.93, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check Opendoor Technologies Probability Of Bankruptcy
Ownership Allocation
Opendoor Technologies owns a total of 691.58 Million outstanding shares. Over half of Opendoor Technologies' outstanding shares are owned by third-party entities. These third-party entities are typically referred to as corporate investors that secure positions in a given instrument to benefit from reduced trade commissions. Please note that no matter how many assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Opendoor Ownership Details

Opendoor Stock Institutional Holders

InstituionRecorded OnShares
Ieq Capital, Llc2024-03-31
7.3 M
Charles Schwab Investment Management Inc2024-03-31
7.3 M
General Atlantic Llc2024-03-31
6.3 M
Point72 Asset Management, L.p.2024-03-31
6.2 M
Bridgeway Capital Management, Llc2024-03-31
5.4 M
Northern Trust Corp2024-03-31
5.2 M
Arrowstreet Capital Limited Partnership2024-03-31
4.9 M
Two Sigma Investments Llc2024-03-31
4.6 M
Goldman Sachs Group Inc2024-03-31
4.4 M
Vanguard Group Inc2024-03-31
88 M
Blackrock Inc2024-03-31
49.5 M
View Opendoor Technologies Diagnostics

Opendoor Technologies Historical Income Statement

At this time, Opendoor Technologies' Total Other Income Expense Net is very stable compared to the past year. View More Fundamentals

Opendoor Stock Against Markets

Opendoor Technologies Corporate Management

Additional Information and Resources on Investing in Opendoor Stock

When determining whether Opendoor Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Opendoor Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Opendoor Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Opendoor Technologies Stock:
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 closely tied 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.
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Is Real Estate Management & Development space 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
7.504
Quarterly Revenue Growth
(0.62)
Return On Assets
(0.05)
Return On Equity
(0.29)
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.