Opendoor Technologies Stock Price Prediction
| OPEN Stock | USD 1.77 0.06 3.28% |
Oversold Vs Overbought
44
Oversold | Overbought |
EPS Estimate Next Quarter (0.12) | EPS Estimate Current Year (0.40) | EPS Estimate Next Year (0.27) | Wall Street Target Price 1.96 | EPS Estimate Current Quarter (0.13) |
Using Opendoor Technologies hype-based prediction, you can estimate the value of Opendoor Technologies from the perspective of Opendoor Technologies response to recently generated media hype and the effects of current headlines on its competitors.
Opendoor Technologies Hype to Price Pattern
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.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Opendoor Technologies' market sentiment to its price can help taders to make decisions based on the overall investors consensus about Opendoor Technologies.
The fear of missing out, i.e., FOMO, can cause potential investors in Opendoor Technologies to buy its stock at a price that has no basis in reality. In that case, they are not buying Opendoor because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Opendoor Technologies after-hype prediction price | USD 1.77 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Opendoor |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Opendoor Technologies' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Opendoor Technologies After-Hype Price Prediction Density Analysis
As far as predicting the price of Opendoor Technologies at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Opendoor Technologies or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Opendoor Technologies, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Opendoor Technologies Estimiated After-Hype Price Volatility
In the context of predicting Opendoor Technologies' stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Opendoor Technologies' historical news coverage. Opendoor Technologies' after-hype downside and upside margins for the prediction period are 0.09 and 6.58, respectively. We have considered Opendoor Technologies' daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Opendoor Technologies is very risky at this time. Analysis and calculation of next after-hype price of Opendoor Technologies is based on 3 months time horizon.
Opendoor Technologies Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company 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. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Opendoor Technologies, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.09 | 4.81 | 0.00 | 0.00 | 9 Events / Month | 6 Events / Month | In about 9 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
1.77 | 1.77 | 0.00 |
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Opendoor Technologies Hype Timeline
Opendoor Technologies is now traded for 1.77. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Opendoor is forecasted not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is over 100%. The immediate return on the next news is forecasted to be very small, whereas the daily expected return is now at 0.09%. %. The volatility of related hype on Opendoor Technologies is about 13566.67%, with the expected price after the next announcement by competition of 1.77. About 56.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.63. 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. Given the investment horizon of 90 days the next forecasted press release will be in about 9 days. Check out Opendoor Technologies Basic Forecasting Models to cross-verify your projections.Opendoor Technologies Related Hype Analysis
Having access to credible news sources related to Opendoor Technologies' direct competition is more important than ever and may enhance your ability to predict Opendoor Technologies' future price movements. Getting to know how Opendoor Technologies' peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Opendoor Technologies may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| EXPI | eXp World Holdings | 0.27 | 10 per month | 1.79 | 0.09 | 7.30 | (3.85) | 14.66 | |
| OPAD | Offerpad Solutions | 0.13 | 7 per month | 4.50 | 0.13 | 12.46 | (8.91) | 24.77 | |
| WE | WeWork Inc | 0.00 | 0 per month | 0.00 | (0.09) | 11.76 | (13.04) | 35.71 | |
| RMAX | Re Max Holding | 0.1 | 9 per month | 2.32 | 0.08 | 5.45 | (4.18) | 24.53 | |
| HOUS | Anywhere Real Estate | (0.05) | 10 per month | 0.00 | (0.06) | 6.89 | (5.35) | 19.60 | |
| DOMA | Doma Holdings | (0.01) | 49 per month | 0.29 | (0.15) | 1.01 | (0.66) | 3.50 | |
| RDFN | Redfin Corp | (0.22) | 7 per month | 4.72 | 0.08 | 12.52 | (7.86) | 41.27 | |
| REAX | Real Brokerage | 0.26 | 6 per month | 3.32 | (0.05) | 5.42 | (5.26) | 19.29 | |
| SFR | Appreciate Holdings | 0.00 | 0 per month | 11.26 | 0.05 | 33.33 | (21.57) | 254.90 | |
| LEJU | Leju Holdings Limited | 0.00 | 0 per month | 9.90 | 0.11 | 31.16 | (20.64) | 136.21 | |
| BEKE | Ke Holdings | (0.87) | 9 per month | 3.76 | 0.09 | 8.40 | (6.10) | 31.65 |
Opendoor Technologies Additional Predictive Modules
Most predictive techniques to examine Opendoor price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Opendoor using various technical indicators. When you analyze Opendoor charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About Opendoor Technologies Predictive Indicators
The successful prediction of Opendoor Technologies stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Opendoor Technologies, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Opendoor Technologies based on analysis of Opendoor Technologies hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Opendoor Technologies's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Opendoor Technologies's related companies. | 2021 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 2.4K | 3.2K | 2.9K | 3.1K | Days Of Inventory On Hand | 305.18 | 109.26 | 100.31 | 180.8 |
Story Coverage note for Opendoor Technologies
The number of cover stories for Opendoor Technologies depends on current market conditions and Opendoor Technologies' risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Opendoor Technologies is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Opendoor Technologies' long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Opendoor Technologies Short Properties
Opendoor Technologies' future price predictability will typically decrease when Opendoor Technologies' long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Opendoor Technologies often depends not only on the future outlook of the potential Opendoor Technologies' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Opendoor Technologies' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 657.1 M | |
| Cash And Short Term Investments | 1.6 B |
Check out Opendoor Technologies Basic Forecasting Models to cross-verify your projections. To learn how to invest in Opendoor Stock, please use our How to Invest in Opendoor Technologies guide.You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
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.
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.