How to Buy Opendoor Technologies Stock
Opendoor Technologies Inc
Opendoor Technologies Inc. operates a digital platform for residential real estate in the United States. The company's platform enables consumers to buy and sell a home online.
Opendoor Technologies stock last closed at $2.07, down 3.72% from the previous day, and has increased 55.64% in one year. It has overperformed other stocks in the Real Estate Services industry by 0.53 percentage points. Opendoor Technologies stock is currently +64.29% from its 52-week low of $1.26, and -61.74% from its 52-week high of $5.41.
There are currently 679.64M shares of OPEN outstanding. The market cap of OPEN is $1.41B. In the past 24 hours, 17.27M OPEN shares were traded.
How to Buy Opendoor Technologies Stock
Wondering how to invest in Opendoor Technologies stock? Here's how.
- Decide where to buy Opendoor Technologies stock: You need to pick an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you figure out where to buy Opendoor Technologies stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Put funds into your investment account: Select your payment method and add your info.
- Research Opendoor Technologies stock: The Opendoor Technologies ticker symbol is OPEN. Is Opendoor Technologies stock a good investment? Should you buy shares of OPEN? How do OPEN's underlying business fundamentals look? Do top analysts think Opendoor Technologies is a good buy? Why has OPEN's stock price moved recently? (Hint: Our stock market research website can help you understand if OPEN is a good stock to buy).
- Make your OPEN purchase: Decide if you will purchase OPEN shares at the current market price or use a limit order to purchase OPEN stock at a particular price.
- Keep an eye on your OPEN position: Create a watchlist to track your new investment in Opendoor Technologies stock.
Step 1: Decide where to buy Opendoor Technologies stock
You will need a brokerage account to access the NASDAQ market and buy OPEN stock.
Our recommended brokerage: eToro
Based on our experience, eToro is the best stock brokerage. eToro gives you:
- Invest in stocks with zero commissions: Invest without commissions.
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- Social investing: eToro offers a community of more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your purchase of shares by signing up for an account with eToro today.
Open eToro AccountStep 2: Create your brokerage account
Now that you've picked the right brokerage, it's time to fill out some personal info so you can buy OPEN stock today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to start a new trading account.
- Send your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you've created your account on a good online stock trading app, your next step is to transfer the money for your investment:
Check out the tutorial below for more details depositing funds into your new investment account.
Step 4: Research Opendoor Technologies stock
After you have selected the best place to buy Opendoor Technologies stock, it's crucial to research their stock before you invest, so you can understand the risk as well as the upside.
Opendoor Technologies quick stats
OPEN Overview
WallStreetZen was designed to help everyday investors perform more accurate fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on OPEN's stock page.
What is the fair value of OPEN stock?
You can use a variety of different financial metrics, analyses, models, and charts to gauge OPEN's fair value.
Using relative valuations measures:
- OPEN may be undervalued based on its P/B ratio of 1.45x, relative to Real Estate Services industry P/B ratio of 2.35x
You can access more valuation research on OPEN's stock here.
OPEN Financial Summary
Signs that OPEN is financially healthy:
- There are more short-term assets than short-term liabilities on the OPEN balance sheet.
- OPEN's operating cash flow of $2.34B allows it to safely service it's debt of $2.53B.
- There are more short-term assets than long-term liabilities on the OPEN balance sheet.
- OPEN profit margin has gone up from -8.7% to -4% in the past year.
Signs that OPEN is not financially healthy:
- OPEN earnings of -$63.00M is not enough to cover its interest payments.
- OPEN has a relatively high debt to equity ratio of 2.69.
Do Wall Street analysts think it's a good time to buy OPEN stock
Out of 4 Equities analysts who track OPEN, the consensus analyst rating on Opendoor Technologies is a Hold
It's important to keep in mind that analyst ratings are not recommendations, nor are they financial advice.
You can dig deeper into what analysts are forecasting on the Opendoor Technologies stock forecast page.
OPEN Technicals
Is OPEN Growing Revenue?
Last year, OPEN revenue was $6.95B. Over the last five year, OPEN's revenue has grown by 30.46% per year. This was faster than the Real Estate Services industry average of 16.29%.
You can analyze OPEN's earnings and revenue performance here.
Are OPEN executives and large shareholders buying or selling the stock?
Over the past 12 months, insiders at OPEN have sold more shares than they have bought.
Christina Schwartz, Officer Title Interim Chief Financial Officer of OPEN, was the latest OPEN insider to sell. They sold $7,577.75 worth of OPEN stock on Apr 16, 2024.
Research more about who owns OPEN shares here.
Can I rely on OPEN as an income stream?
No, Opendoor Technologies doesn't provide an income stream by paying out dividends.
What do other investors have to say about OPEN?
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Make your OPEN purchase
You have two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually fine. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a specific price, use a limit order.
Hit the Open button and your broker will place your order.
If you require additional help with investing in stocks on eToro, watch the how to video below:
Step 6: Keep an eye on your OPEN position
Now that you own some OPEN stock, you'll want to stay up-to-date on your new company.
Start a watchlist to get the latest updates about your OPEN stock.
OPEN Feed
How to Buy Stock in Opendoor Technologies
To reiterate, here are the 6 steps for buying Opendoor Technologies stock:
- Decide where to buy Opendoor Technologies stock
- Create your brokerage account
- Put funds into your investment account
- Research Opendoor Technologies stock
- Make your OPEN purchase
- Keep an eye on your OPEN position
If you are looking for a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to keep tabs on your investment in Opendoor Technologies, add OPEN to your watchlist below.
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