Opendoor (OPEN) Stock Price

Financial Performance

Opendoor's revenue in the last quarter was $1.1B, representing a decrease of -21.3% from the previous quarter and -8.2% year over year. Gross profit stood at $85M, down by -19% quarterly and -25.4% annually. The company reported an operating income loss of -$94M, which is a decrease of -40.3% from the previous quarter and a slight improvement of -8% compared to the same period last year. Opendoor's EBITDA ratio was negative (-0.06), indicating that they are not generating positive earnings before interest, taxes, depreciation, and amortization.

Stock Price

The stock price is currently at $10.04 with significant growth observed in recent times; it has risen by 216.7% in just the last month and by an impressive 325.4% year over year despite declining financial performance indicators like revenue and gross profit margin decline.The RSI value stands at 72.38 suggesting that the stock may be heading into overbought territory while its PE ratio is at -23 indicating lack of profitability.

Alternative Data Signals

Opendoor's web traffic stands around approximately 902898 visitors per month showing a slight increase month on month (2%) but also annually (4%). The number of job openings remains unchanged but only about one-third employees have positive business outlook which suggests internal concerns about future prospects for the company.Social media following across various platforms shows strong growth with Twitter followers increasing by 57%, Instagram followers up by 17%,and Facebook followers seeing an increase of nearly double (84%) within past three months.This could indicate growing interest or awareness among consumers.

Conclusion

The analysis of Opendoor's stock performance provides a mixed picture. Despite strong gains in the stock price, the company's financial performance indicators like revenue and gross profit are declining. The high RSI value suggests that the stock may be overbought while negative EBITDA and PE ratios indicate lack of profitability. Alternative data signals show growing interest from consumers but employee sentiment is relatively low which could impact future operations negatively.Hence, the overall outlook can be considered as neutral to slightly bearish.

Note: This AI Stock Analysis is based on data as of September 17. Our members can refresh and get access to an up-to-date AI stock analysis.

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Based on a combination of financial analysis, technical indicators, and insights from alternative data, we predict that the stock price of Opendoor (OPEN), currently trading at $8.81, will... Sign up to access price prediction.