Opendoor Technologies Inc. (OPEN)

NASDAQ: OPEN · IEX Real-Time Price · USD
3.020
+0.070 (2.37%)
At close: Mar 28, 2024, 4:00 PM
3.010
-0.010 (-0.33%)
After-hours: Mar 28, 2024, 7:07 PM EDT

Total Valuation

OPEN has a market cap or net worth of $2.05 billion. The enterprise value is $2.97 billion.

Market Cap 2.05B
Enterprise Value 2.97B

Important Dates

The next estimated earnings date is Thursday, May 2, 2024, after market close.

Earnings Date May 2, 2024
Ex-Dividend Date n/a

Share Statistics

OPEN has 679.64 million shares outstanding. The number of shares has increased by 4.78% in one year.

Shares Outstanding 679.64M
Shares Change (YoY) +4.78%
Shares Change (QoQ) +1.58%
Owned by Insiders (%) 11.00%
Owned by Institutions (%) 61.05%
Float 586.63M

Valuation Ratios

PE Ratio n/a
Forward PE 40.32
PS Ratio 0.30
Forward PS 0.35
PB Ratio 2.12
P/FCF Ratio 0.89
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 330.46, with an EV/FCF ratio of 1.29.

EV / Earnings n/a
EV / Sales 0.43
EV / EBITDA 330.46
EV / EBIT n/a
EV / FCF 1.29

Financial Position

The company has a current ratio of 49.21, with a Debt / Equity ratio of 2.62.

Current Ratio 49.21
Quick Ratio 23.11
Debt / Equity 2.62
Debt / EBITDA 281.56
Debt / FCF 1.10
Interest Coverage -0.30

Financial Efficiency

Return on equity (ROE) is -26.80% and return on invested capital (ROIC) is -11.03%.

Return on Equity (ROE) -26.80%
Return on Assets (ROA) -6.50%
Return on Capital (ROIC) -11.03%
Revenue Per Employee $3.50M
Profits Per Employee -$138,749
Employee Count 1,982
Asset Turnover 1.65
Inventory Turnover 2.07

Taxes

In the past 12 months, OPEN has paid $1.00 million in taxes.

Income Tax 1.00M
Effective Tax Rate n/a

Stock Price Statistics

The stock price has increased by +105.44% in the last 52 weeks. The beta is 2.66, so OPEN's price volatility has been higher than the market average.

Beta (1Y) 2.66
52-Week Price Change +105.44%
50-Day Moving Average 3.12
200-Day Moving Average 3.28
Relative Strength Index (RSI) 50.96
Average Volume (30 Days) 20,155,377

Short Selling Information

The latest short interest is 77.12 million, so 11.35% of the outstanding shares have been sold short.

Short Interest 77.12M
Short Previous Month 73.35M
Short % of Shares Out 11.35%
Short % of Float 13.15%
Short Ratio (days to cover) 3.69

Income Statement

In the last 12 months, OPEN had revenue of $6.95 billion and -$275.00 million in losses. Loss per share was -$0.42.

Revenue 6.95B
Gross Profit 487.00M
Operating Income -386.00M
Pretax Income -274.00M
Net Income -275.00M
EBITDA 9.00M
EBIT -63.00M
Loss Per Share -$0.42
Full Income Statement

Balance Sheet

The company has $1.61 billion in cash and $2.53 billion in debt, giving a net cash position of -$925.00 million or -$1.36 per share.

Cash & Cash Equivalents 1.61B
Total Debt 2.53B
Net Cash -925.00M
Net Cash Per Share -$1.36
Equity / Book Value 967.00M
Book Value Per Share 1.42
Working Capital 3.38B
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $2.34 billion and capital expenditures -$37.00 million, giving a free cash flow of $2.31 billion.

Operating Cash Flow 2.34B
Capital Expenditures -37.00M
Free Cash Flow 2.31B
FCF Per Share $3.51
Full Cash Flow Statement

Margins

Gross margin is 7.01%, with operating and profit margins of -5.56% and -3.96%.

Gross Margin 7.01%
Operating Margin -5.56%
Pretax Margin -3.94%
Profit Margin -3.96%
EBITDA Margin 0.13%
EBIT Margin -0.91%
FCF Margin 33.21%

Dividends & Yields

OPEN does not appear to pay any dividends at this time.

Dividend Per Share n/a
Dividend Yield n/a
Dividend Growth (YoY) n/a
Years of Dividend Growth n/a
Payout Ratio n/a
Buyback Yield -4.78%
Shareholder Yield -4.78%
Earnings Yield -13.42%
FCF Yield 112.58%
Dividend Details

Analyst Forecast

The average price target for OPEN is $3.37, which is 11.59% higher than the current price. The consensus rating is "Hold".

Price Target $3.37
Price Target Difference 11.59%
Analyst Consensus Hold
Analyst Count 11
Revenue Growth Forecast (5Y) 17.92%
EPS Growth Forecast (5Y) 1.34%
Stock Forecasts

Stock Splits

This stock does not have any record of stock splits.

Last Split Date n/a
Split Type n/a
Split Ratio n/a

Scores

OPEN has an Altman Z-Score of 2.19 and a Piotroski F-Score of 5. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score 2.19
Piotroski F-Score 5