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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 $1.78, down 7.29% from the previous day, and has decreased 11% in one year. It has underperformed other stocks in the Real Estate Services industry by 0.4 percentage points. Opendoor Technologies stock is currently +12.66% from its 52-week low of $1.58, and -63.6% from its 52-week high of $4.89.

At the moment, there are 703M shares of OPEN outstanding. The market value of OPEN is $1.25B. In the last 24 hours, 35.8M OPEN shares were traded.

How to Buy Opendoor Technologies Stock

Wondering how to invest in Opendoor Technologies stock? Here's how.
  1. Decide where to buy Opendoor Technologies stock: You need to choose a stock brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you determine where to buy Opendoor Technologies stock.
  2. Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Put funds into your investment account: Choose your method of payment and add your info.
  4. 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 analysis tools can help you decide if OPEN is a good stock to buy).
  5. Make your OPEN purchase: Decide if you will purchase OPEN shares at the current market price or use a limit order to purchase OPEN shares at a specific price.
  6. Keep an eye on your OPEN position: Create a watchlist to keep tabs on your investment in Opendoor Technologies shares.

Step 1: Decide where to buy Opendoor Technologies stock

You need a brokerage account to access the NASDAQ market and buy OPEN shares.

A brokerage account allows you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

Our recommended brokerage: eToro

Based on our analysis, eToro is the best stock brokerage. Here's why:

  • You can invest in stocks with 0% commissions: Invest without paying trading commissions.
  • Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
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  • Social investing: eToro offers a community with more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of other investors.
  • Security: eToro is a regulated and licensed fintech leader.
  • Buy other financial assets: Such as ETFs and cryptos.

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Step 2: Create your brokerage account

Now that you've selected your brokerage, you need to fill out some personal information so you can invest in OPEN stock today.

How to Create a New Brokerage Account on eToro

  1. 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.
  2. Input your personal details to start a new brokerage account.
  1. Submit your information by hitting the "Create Account" button.
  2. Get started with eToro today
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 3: Put funds into your investment account

Now that you've filled out your info on the stock trading app, you need to deposit funds:

Check out the video below to see the process of transferring funds into your investment account.

Get started with eToro today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 4: Research Opendoor Technologies stock

After you have chosen the best place to buy Opendoor Technologies stock, it's important to research their stock prior to investing, so you can wrap your head around the risk and opportunity.

Opendoor Technologies quick stats

OPEN Price
$1.78
1w %
-3.26%
1y %
-11%
5y %
N/A
P/E
-3.02x
P/B
1.48x
P/S
0.27x
PEG
N/A
Revenue
$4.54B
Earnings
-$398.00M
Fore. Rev. Growth
30.2%
Fore. Earn. Growth
N/A
Market Cap
$1.25B
Next Earnings
Nov 7, 2024
Next Dividend
N/A

OPEN Zen Score

WallStreetZen was designed to help part-time investors perform better fundamental analysis quickly.

You can see all of the due diligence checks on OPEN's stock page.

Is OPEN stock overvalued?

You can use a variety of different financial metrics, analyses, models, and charts to gauge OPEN's true value.

Using relative valuations measures:

  • OPEN could be undervalued based on its P/B ratio of 1.48x, relative to Real Estate Services industry P/B ratio of 3.01x

You can do more valuation analysis on OPEN's stock here.

How do OPEN Financials look?

Signs that OPEN is financially healthy:

  • OPEN has $930.00M in cash and short term investments. This is enough to cover its annual cash burn of $1.37B.
  • There are more short-term assets than short-term liabilities on the OPEN balance sheet.
  • There are more short-term assets than long-term liabilities on the OPEN balance sheet.
  • OPEN profit margin has gone up from -12.4% to -8.8% in the past year.

Signs that OPEN is not financially healthy:

  • OPEN has cash burn of 1371000000. It does not have enough cash and short-term investments to cover this.
  • OPEN has a relatively high debt to equity ratio of 2.99.

Is Opendoor Technologies stock a Buy, Hold, or Sell, according to analysts?

Out of 3 Wall Street analysts who give ratings on 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 investment advice.

You can dig deeper into what analysts are projecting on the Opendoor Technologies stock forecast page.

OPEN Technicals

SMA10
1.81
SMA20
1.83
SMA50
1.96
SMA100
2.01
SMA200
2.34
MACD
-0.03
MACD Signal
-0.05
MACD Histogram
0.01
RSI
45.47
Stochastic %K
61.71
Stochastic %D
56.61
StochRSI %K
79.25
StochRSI %D
79.32

OPEN Growth Numbers

Last year, OPEN revenue was $4.54B. During the last 3 year, OPEN's revenue has increased by 92.91% per year. This was faster than the Real Estate Services industry average of 11.95%.

You can research OPEN's earnings and revenue performance here.

Latest Insiders Trades at OPEN

In the past 12 months, insiders at OPEN have sold more shares than they have bought.

Megan D. Meyer, President Sell Direct Svcs. of OPEN, was the latest OPEN insider to sell. They sold $219,458.16 worth of OPEN shares on Oct 15, 2024.

Get more info 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.

OPEN Social Trading Data

One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.

Click below to see what other traders have to say.

Step 5: Make your OPEN purchase

There are two primary options:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are generally sufficient.
  • Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
    If you want to make sure you're buying or selling at an exact dollar amount, use a limit order.

Press the Open Trade button and eToro will execute the order.

If you want additional help with investing in stocks on eToro, click the helpful video below:

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Step 6: Keep an eye on your OPEN position

Now that you own some OPEN shares, you'll want to stay up-to-date on your investment.

Put OPEN on a watchlist to monitor your OPEN stock.

OPEN Feed

How to Buy Stock in Opendoor Technologies

To reiterate, here are the 6 steps to buy Opendoor Technologies stock:

  1. Decide where to buy Opendoor Technologies stock
  2. Create your brokerage account
  3. Put funds into your investment account
  4. Research Opendoor Technologies stock
  5. Make your OPEN purchase
  6. Keep an eye on your OPEN position

If you need a brokerage account, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to get updates on your investment in Opendoor Technologies, add OPEN to your watchlist by clicking the button below.

NASDAQ: OPEN
$1.78-0.14 (-7.29%)
Updated Nov 6, 2024
Open eToro Account
NASDAQ: OPEN
$1.78-0.14 (-7.29%)
Updated Nov 6, 2024
Open eToro Account

FAQ

How much does it cost to buy one Opendoor Technologies share?

As of Nov 6, 2024, it costs $1.78 to buy one share of Opendoor Technologies stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $0.89, you can buy 0.5 shares of OPEN.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Opendoor Technologies stock?

According to 3 Wall Street analysts who monitor Opendoor Technologies, their consensus recommendation is to hold Opendoor Technologies stock.

What is the best way to buy Opendoor Technologies stock?

One way to place an order for Opendoor Technologies stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.