Is Opendoor Technologies Stock a Good Investment?
Opendoor Technologies Investment Advice | OPEN |
- Examine Opendoor Technologies' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Opendoor Technologies' leadership team and their track record. Good management can help Opendoor Technologies navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Real Estate Management & Development space and any emerging trends that could impact Opendoor Technologies' business and its evolving consumer preferences.
- Compare Opendoor Technologies' performance and market position to its competitors. Analyze how Opendoor Technologies is positioned in terms of product offerings, innovation, and market share.
- Check if Opendoor Technologies pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Opendoor Technologies' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Opendoor Technologies stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Opendoor Technologies is a good investment.
Sell | Buy |
Cautious Hold
Market Performance | Insignificant | Details | |
Volatility | Very risky | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Hold | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Opendoor Technologies Stock
Researching Opendoor Technologies' stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 55.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.96. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Opendoor Technologies has Price/Earnings (P/E) ratio of 109.64. The entity recorded a loss per share of 0.54. The firm had not issued any dividends in recent years.
To determine if Opendoor Technologies is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Opendoor Technologies' research are outlined below:
| Opendoor Technologies had very high historical volatility over the last 90 days | |
| 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 55.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Disposition of 1223 shares by Christina Schwartz of Opendoor Technologies at 3.2609 subject to Rule 16b-3 |
Opendoor Technologies Quarterly Cost Of Revenue |
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Opendoor Technologies uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Opendoor Technologies. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Opendoor Technologies' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 15th of February 2024 Upcoming Quarterly Report | View | |
| 2nd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 15th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Opendoor Technologies' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Opendoor Technologies' investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2024-11-07 | 2024-09-30 | -0.13 | -0.1 | 0.03 | 23 | ||
2024-05-02 | 2024-03-31 | -0.16 | -0.12 | 0.04 | 25 | ||
2023-11-02 | 2023-09-30 | -0.15 | -0.11 | 0.04 | 26 | ||
2024-02-15 | 2023-12-31 | -0.19 | -0.14 | 0.05 | 26 | ||
2024-08-01 | 2024-06-30 | -0.11 | -0.04 | 0.07 | 63 | ||
2023-08-03 | 2023-06-30 | -0.38 | -0.3 | 0.08 | 21 | ||
2021-11-10 | 2021-09-30 | -0.17 | -0.09 | 0.08 | 47 | ||
2021-08-11 | 2021-06-30 | -0.34 | -0.24 | 0.1 | 29 |
Know Opendoor Technologies' Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Opendoor Technologies is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Opendoor Technologies backward and forwards among themselves. Opendoor Technologies' institutional investor refers to the entity that pools money to purchase Opendoor Technologies' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Ggv Capital Llc | 2024-09-30 | 8.6 M | Bridgeway Capital Management, Llc | 2024-09-30 | 7.7 M | Ieq Capital, Llc | 2024-06-30 | 7.3 M | Northern Trust Corp | 2024-09-30 | 5.3 M | Goldman Sachs Group Inc | 2024-06-30 | 4.8 M | Nvp Associates Llc | 2024-06-30 | 4.2 M | Jpmorgan Chase & Co | 2024-06-30 | 4.2 M | Millennium Management Llc | 2024-06-30 | 3.3 M | Citadel Advisors Llc | 2024-09-30 | 2.8 M | Vanguard Group Inc | 2024-09-30 | 86.1 M | Blackrock Inc | 2024-06-30 | 53.3 M |
Opendoor Technologies' market capitalization trends
The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.57 B.Market Cap |
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Opendoor Technologies' profitablity analysis
| Last Reported | Projected for Next Year | ||
| 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) |
Determining Opendoor Technologies' profitability involves analyzing its financial statements and using various financial metrics to determine if Opendoor Technologies is a good buy. For example, gross profit margin measures Opendoor Technologies' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Opendoor Technologies' profitability and make more informed investment decisions.
Evaluate Opendoor Technologies' management efficiency
Opendoor Technologies has return on total asset (ROA) of (0.0557) % which means that it has lost $0.0557 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.4064) %, meaning that it created substantial loss on money invested by shareholders. Opendoor Technologies' management efficiency ratios could be used to measure how well Opendoor Technologies manages its routine affairs as well as how well it operates its assets and liabilities. As of the 28th of November 2024, Return On Tangible Assets is likely to drop to -0.08. In addition to that, Return On Capital Employed is likely to drop to -0.11. At this time, Opendoor Technologies' Net Tangible Assets are very stable compared to the past year. As of the 28th of November 2024, Other Assets is likely to grow to about 2.3 M, while Other Current Assets are likely to drop about 492.7 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 1.47 | 1.82 | |
| Tangible Book Value Per Share | 1.46 | 1.68 | |
| Enterprise Value Over EBITDA | (15.44) | (16.22) | |
| Price Book Value Ratio | 3.04 | 3.07 | |
| Enterprise Value Multiple | (15.44) | (16.22) | |
| Price Fair Value | 3.04 | 3.07 | |
| Enterprise Value | 2.3 B | 2.1 B |
Opendoor Technologies benefits from a proactive management team that anticipates market trends. Our analysis delves into how this proactive stance influences financial metrics and stock valuation.
Beta 2.696 |
Basic technical analysis of Opendoor Stock
As of the 28th of November, Opendoor Technologies holds the Coefficient Of Variation of (7,401), insignificant risk adjusted performance, and Variance of 25.79. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Opendoor Technologies, as well as the relationship between them.Opendoor Technologies' insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Opendoor Technologies insiders, such as employees or executives, is commonly permitted as long as it does not rely on Opendoor Technologies' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Opendoor Technologies insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Sydney Schaub over three months ago Disposition of 2512 shares by Sydney Schaub of Opendoor Technologies at 1.79 subject to Rule 16b-3 | ||
Christina Schwartz over three months ago Disposition of 8205 shares by Christina Schwartz of Opendoor Technologies at 1.9618 subject to Rule 16b-3 | ||
Eric Wu over a year ago Sale by Eric Wu of 500000 shares of Opendoor Technologies | ||
Eric Wu over a year ago Sale by Eric Wu of 500000 shares of Opendoor Technologies | ||
Eric Wu over a year ago Sale by Eric Wu of 500000 shares of Opendoor Technologies | ||
Eric Wu over a year ago Sale by Eric Wu of 51256 shares of Opendoor Technologies | ||
Willerer Tom Joseph over a year ago Acquisition by Willerer Tom Joseph of 868277 shares of Opendoor Technologies subject to Rule 16b-3 | ||
Eric Wu over a year ago Sale by Eric Wu of 52335 shares of Opendoor Technologies |
Opendoor Technologies' Outstanding Corporate Bonds
Opendoor Technologies issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Opendoor Technologies uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Opendoor bonds can be classified according to their maturity, which is the date when Opendoor Technologies has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| US683715AD87 Corp BondUS683715AD87 | View | |
| OTEXCN 69 01 DEC 27 Corp BondUS683715AF36 | View | |
| Open Text Corp BondUS683715AC05 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| US683720AC08 Corp BondUS683720AC08 | View | |
| Open Text Corp BondUS683720AA42 | View |
Understand Opendoor Technologies' technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Opendoor Technologies' various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0) | |||
| Market Risk Adjusted Performance | (0.02) | |||
| Mean Deviation | 3.98 | |||
| Coefficient Of Variation | (7,401) | |||
| Standard Deviation | 5.08 | |||
| Variance | 25.79 | |||
| Information Ratio | (0.04) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (0.88) | |||
| Treynor Ratio | (0.03) | |||
| Maximum Drawdown | 14.15 | |||
| Value At Risk | (7.41) | |||
| Potential Upside | 6.4 | |||
| Skewness | 0.6604 | |||
| Kurtosis | 1.46 |
| Risk Adjusted Performance | (0) | |||
| Market Risk Adjusted Performance | (0.02) | |||
| Mean Deviation | 3.98 | |||
| Coefficient Of Variation | (7,401) | |||
| Standard Deviation | 5.08 | |||
| Variance | 25.79 | |||
| Information Ratio | (0.04) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (0.88) | |||
| Treynor Ratio | (0.03) | |||
| Maximum Drawdown | 14.15 | |||
| Value At Risk | (7.41) | |||
| Potential Upside | 6.4 | |||
| Skewness | 0.6604 | |||
| Kurtosis | 1.46 |
Consider Opendoor Technologies' intraday indicators
Opendoor Technologies intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Opendoor Technologies stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Opendoor Technologies Corporate Filings
F4 | 21st of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
F3 | 12th of November 2024 The report used by insiders such as officers, directors, and major shareholders (beneficial owners holding more than 10% of any class of the company's equity securities) to declare their ownership of a company's stock | ViewVerify |
8K | 7th of November 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
Opendoor Stock media impact
Far too much social signal, news, headlines, and media speculation about Opendoor Technologies that are available to investors today. That information is available publicly through Opendoor media outlets and privately through word of mouth or via Opendoor internal channels. However, regardless of the origin, that massive amount of Opendoor data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Opendoor Technologies news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Opendoor Technologies relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Opendoor Technologies' headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Opendoor Technologies alpha.
Opendoor Technologies Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Opendoor Technologies can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Opendoor Technologies Historical Investor Sentiment
Investor biases related to Opendoor Technologies' public news can be used to forecast risks associated with an investment in Opendoor. The trend in average sentiment can be used to explain how an investor holding Opendoor can time the market purely based on public headlines and social activities around Opendoor Technologies. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Opendoor Technologies' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Opendoor Technologies and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Opendoor Technologies news discussions. The higher the estimate score, the more favorable the investor's outlook on Opendoor Technologies.
Opendoor Technologies Corporate Management
| Sydney Schaub | Chief Secretary | Profile | |
| Amelia Generalis | Chief Officer | Profile | |
| Kimberly Niehaus | Investor Officer | Profile | |
| Raji Subramanian | Chief Officer | Profile | |
| Daniel Morillo | Chief Officer | Profile |
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.You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
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 (0.54) | Revenue Per Share 7.174 | Quarterly Revenue Growth 0.405 | Return On Assets (0.06) | Return On Equity (0.41) |
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.
In summary, please note that there is a difference between Opendoor Technologies' value and its price, as these two are different measures arrived at by various 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.