|Bid||0.0000 x 29200|
|Ask||0.0000 x 29200|
|Day's range||3.3800 - 3.6771|
|52-week range||0.9170 - 5.4100|
|Beta (5Y monthly)||2.63|
|PE ratio (TTM)||N/A|
|Earnings date||21 Feb 2024 - 26 Feb 2024|
|Forward dividend & yield||N/A (N/A)|
|1y target est||2.52|
The S&P 500 is up 19.4% for the year, while the Nasdaq Composite has jumped by 36.3%, partially driven by excitement over new artificial intelligence (AI) technologies and a reversal of a sharp sell-off in tech stocks in 2022. Most prognosticators now expect the Federal Reserve to begin lowering interest rates next year, which should offer some support to growth stocks that had been hard hit by the Fed's campaign to rein in inflation. In particular, three stocks that are down sharply from their pandemic-era peaks that could double next year are Upstart (NASDAQ: UPST), Redfin (NASDAQ: RDFN), and Opendoor Technologies (NASDAQ: OPEN).
Zacks.com users have recently been watching Opendoor Technologies Inc. (OPEN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Opendoor (NASDAQ: OPEN) seemed like a promising growth stock when it went public by merging with a special purpose acquisition company (SPAC) in Dec. 2020. The online real estate company streamlined home sales by making instant cash offers for homes, repairing those properties, and relisting them for sale on its online marketplace. At the time of its public debut, about 90% of Opendoor's transactions were completed without any real estate agents -- which made it an appealing option for sellers and buyers.