Why are these two real estate tech companies dramatically outperforming the market? The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Written by For example, these measures exclude the impact of certain costs required to be recorded under GAAP. Factors like these will boost, 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. OPEN has 648.78 million shares outstanding. See here for a complete list of exchanges and delays. Most of Opendoor Technologies' fundamental indicators, such as Shares Outstanding, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. Get all the relevant market information you need get it fast, on time, and accurately. How many shares outstanding does Opendoor Technologies have? The Company develops service model for real estate buying and selling on a mobile device. Visit a quote page and your recently viewed tickers will be displayed here. Opendoor Announces First Quarter of 2022 Financial Results. There are currently no items in this Watchlist. We view this metric as an important measure of business performance as it captures gross margin performance isolated to homes sold in a given period and provides comparability across reporting periods. Precious Metals. An archived version of the webcast will be available from the same website after the call. Opendoor Labs Inc. is working with Accessible360 to enhance the accessibility of our websites and mobile applications. Privacy Notice | If the symbol has pre-market or post-market trades, that information will also be reflected along with the last (closing) price from the symbol's exchange. Opendoor Technologies Inc stocks price quote with latest real-time prices, charts, financials, latest news, technical analysis and opinions. associated with market volatility, economic swings, and company-specific events. For . _____________________________1 Opendoor has not provided a quantitative reconciliation of forecasted Adjusted EBITDA to forecasted GAAP net income (loss) within this press release because the Company is unable, without making unreasonable efforts, to calculate certain reconciling items with confidence. Disclaimer search Compare to DraftKings Inc $24.92 DKNG2.01% Snowflake Inc $175.21 SNOW4.75%. As the home resale business started to recover, Opendoor looked for capital to fuel expansion and opted to go public by merging with Social Capital at a $4.8 billion valuation. Reuters, the news and media division of Thomson Reuters, is the worlds largest international multimedia news provider reaching more than one billion people every day. (8)Consists mainly of interest earned on cash, cash equivalents and marketable securities. The Barchart Technical Opinion rating is a 72% Buy with a Average short term outlook on maintaining the current direction. Contribution Profit helps management assess inflows and outflows directly associated with a specific resale cohort. SPACs are shell companies that raise money through an initial public offering (IPO) to buy a private company and take it public and have become a popular alternative to traditional IPOs. Readers are cautioned not to put undue reliance on forward-looking statements, and we assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Enter your email to receive our newsletter. Riot Platforms, Inc. (RIOT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Opendoor Technologies Basic Shares Outstanding 2019-2023 | OPEN For US and Canadian Stocks, the Overview page includes key statistics on the stock's fundamentals, with a link to see more. (5)Inventory valuation adjustmentPrior Periods is the inventory valuation adjustments recorded in prior periods associated with homes that sold in the period presented. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds. Shares Outstanding: Common shares outstanding as reported by the company on the 10-Q or 10-K. Have Watchlists? OPEN - Opendoor Technologies Inc. - Yahoo Finance View, measure Opendoor Technologies' market volatility, predict the probability of Opendoor Technologies' future price movements, The market value of Opendoor Technologies, if Opendoor Technologies is a good investment. This section shows the Highs and Lows over the past 1, 3 and 12-Month periods. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. The following information will appear when the following conditions are met: Provides a general description of the business conducted by this company. (Reuters) -Shares of Opendoor Technologies Inc, a home-selling platform backed by SoftBank Group, ended 5.9% higher in their Nasdaq debut on Monday, following a merger with a blank-check. Heres the pain trade Citi sees in U.S. stocks as S&P 500 exceeds its 2023 target, Trump lawyers met Monday with DOJ officials and special counsel Jack Smith. Their opinions and views are solely their own. Opendoor Technologies released its earnings results on May 04, 2023. Volume is also updated but is the delayed consolidated Volume from the symbol's exchange. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. What is Opendoor Technologiess market cap? Younger workers know being remote has drawbacks, but they dont care. These forward-looking statements generally are identified by the words anticipate, believe, contemplate, continue, could, estimate, expect, forecast, future, intend, may, might, opportunity, plan, possible, potential, predict, project, should, strategy, strive, target, will, or would, the negative of these words or other similar terms or expressions. Weitere Informationen darber, wie wir Ihre personenbezogenen Daten nutzen, finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. For the best MarketWatch.com experience, please update to a modern browser. These measures could differ substantially from similarly titled measures presented by other companies in our industry or companies in other industries. (4)Represents selling costs incurred related to homes sold in the relevant period. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. This metric excludes the company's treasury shares. No cash balance or cash flow is included in the calculation. The number of shares has increased by 0.18% in one year. Backtested performance is not an indicator of future actual results. OpenDoor said in a filing on Friday it had 544.4 million outstanding shares after the merger, giving it a market capitalization of $17.2 billion at Monday's opening price. It helps to project a fair market value of Opendoor Stock properly, considering its historical, Today, most investors in Opendoor Technologies Stock are looking for. Opendoor Technologies Shares Outstanding - YCharts Here's Why Opendoor and Redfin Are Soaring, Here's Why Opendoor Stock Fell 22% Last Month, Opendoor Technologies Inc. (OPEN) Reports Q1 Loss, Tops Revenue Estimates, Analysts Estimate Riot Platforms, Inc. (RIOT) to Report a Decline in Earnings: What to Look Out for, Here's Why Opendoor Shares Rose 22% in March, OPENDOOR ALERT: Bragar Eagel & Squire, P.C. Volume reflects consolidated markets. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Adjusted Net Income (Loss) and Adjusted EBITDA are supplemental measures of our operating performance and have important limitations. Dec 21 (Reuters) - Shares of OpenDoor Technologies Inc OPEN.O, a home-selling platform backed by SoftBank Group 9984.T, surged at the start of trading in their Nasdaq debut on Monday only to reverse course and fall almost 11% in a weak broader market. (5)Holding costs include mainly property taxes, insurance, utilities, homeowners association dues, cleaning and maintenance costs. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. For becoming your best self by being part of something bigger. Housing market data has investors looking unfavorably at the real estate marketplace. Barchart is committed to ensuring digital accessibility for individuals with disabilities. Compare OPEN With Other Stocks From: To: Zoom: Home-selling platform OpenDoor's shares see-saw in Nasdaq debut Opendoor Technologies basic shares outstanding from 2019 to 2023. Contribution Margin After Interest is Contribution Profit After Interest as a percentage of revenue. The stock recouped some losses and was last trading down 2.1% at 13:02 ET. Please check your download folder. Opendoor said in a filing on Friday it had 544.4 million outstanding shares after the merger, giving it a market capitalization of $17 billion at its closing price. We include a reconciliation of these measures to the most directly comparable GAAP financial measure, which is net income (loss). How were Opendoor Technologiess earnings last quarter? Historical and current end-of-day data provided by FACTSET. About Opendoor Technologies Inc. 410 N. SCOTTSDALE ROAD SUITE 1600, TEMPE, Arizona, 85281, United States +1 415 896-6737 https://www.opendoor.com. Backtested results are adjusted to reflect the reinvestment of dividends and other income and, except where otherwise indicated, are presented gross-of fees and do not include the effect of backtested transaction costs, management fees, performance fees or expenses, if applicable. Management believes that these non-GAAP financial measures provide meaningful supplemental information regarding the Companys performance by excluding certain items that may not be indicative of the Companys recurring operating results. In addition, we expect to continue to evolve our cost of financing as we include other debt sources beyond mezzanine capital. Highlights important summary options statistics to provide a forward looking indication of investors' sentiment. We are a social species and community is our natural habitat. (7)Represents holding costs incurred in prior periods on homes sold in the period presented. Cookie Notice (). If you choose to Reject all, we will not use cookies for these additional purposes. The Barchart Technical Opinion widget shows you today'soverally Barchart Opinion with general information on how to interpret the short and longer term signals. Opendoor Technologies Inc. is an online company that buys and sells residential real estate. Risks related to the execution of corporate activity and strategy, Get more investment ideas with TipRanks Premium, Make informed decisions based on Top Analysts' activity, Get actionable alerts from top Wall Street Analysts, Find out before anyone else which stock is going to shoot up, Get powerful stock screeners & detailed portfolio analysis. The Travel Content business division manages a travel comparison site called 'Travelko', which allows customers to search travel products in either Japanese or multiple languages. The Company develops service model for real estate buying and selling on a mobile device. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. These items include, but are not limited to, inventory valuation adjustment and equity securities fair value adjustment. The company, backed by a $400 million investment from SoftBank Group, was hit hard by the pandemic this year, and cut 35% of its workforce in April. SAN FRANCISCO, May 05, 2022 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (Nasdaq: OPEN), a leading digital platform for residential real estate transactions, today reported financial results for its quarter ended March 31, 2022. We view this metric as an important measure of business performance as it captures the unit level performance isolated to homes sold in a given period and provides comparability across reporting periods. Shares outstanding can be defined as the number of shares held by shareholders (including insiders) assuming conversion of all convertible debt, securities, warrants and options. We define Adjusted Gross Margin as Adjusted Gross Profit as a percentage of revenue. We are continuously working to improve our web experience, and encourage users to. Each of these measures is intended to present the economics related to homes sold during a given period. Opendoor Technologies Basic Shares Outstanding 2019-2023 | OPEN. We have rebuilt the entire consumer real estate experience and have made buying and selling possible on a mobile device. The acquired intangible assets have useful lives ranging from 1 to 5years and amortization is expected until the intangible assets are fully amortized. Open Door Shares Outstanding - YCharts Opendoor - Wikipedia Free Barchart Webinars! Shares Outstanding 5.15M; Public Float 10.91M; Beta N/A . Another Palihapitiya-backed SPAC took Richard Branson's space tourism company Virgin Galactic Holdings Inc SPCE.N public last year. Basic shares outstanding can be defined as the number of shares held by shareholders including insiders but not including a company's treasury shares. These symbols will be available throughout the site during your session. Valuation Ratios Financial Ratio History Enterprise Valuation Financial Position The company has a current ratio of 11.22, with a Debt / Equity ratio of 3.86. To provide investors with additional information regarding our margins and return on inventory acquired, we have included Adjusted Gross Profit, Contribution Profit and Contribution Profit After Interest, which are non-GAAP financial measures. Do Not Sell My Personal Information (CA Residents Only). This information is provided for illustrative purposes only. This is also a company that relies on capital, both from its partners and its balance sheet, to execute on its business plan, Solomon said. (7)Includes amortization of debt issuance costs and loan origination fees, commitment fees, unused fees, other interest related costs on our asset-backed debt facilities, interest expense related to the 2026 convertible senior notes outstanding, and interest expense on other secured borrowings. This could be a home-run stock if the company figures out the home-flipping business. (3)Inventory valuation adjustment includes adjustments to record real estate inventory at the lower of its carrying amount or its net realizable value. Please check your download folder. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. TheQuote Overviewpage gives you a snapshot view for a specific symbol. Opendoor Technologiess EPS estimate is -$0.33. Significant News Only 02/23/23 The Wall Street Journal Opendoor. For sharing space, skills, resources and dreams with other inspiring and creative people. Opendoor Technologies Inc. (OPEN) - Stock Analysis We do not give any assurance that we will achieve our expectations. Click the "See More" link to see the full Performance Report page with expanded historical information. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. Find out all the key statistics for Opendoor Technologies Inc. (OPEN), including valuation measures, fiscal year financial statistics, trading record, share statistics and more. Type a symbol or company name. This may include interest expense recorded in periods prior to the period in which the sale occurred. Please contact us at contact@opendoor.com with any feedback or suggestions. Please note all regulatory considerations regarding the presentation of fees must be taken into account. According to Wall Street analysts Opendoor Technologiess price is currently Undervalued. During market hours, the real-time Cboe BZX price displays and new trade updates are updated on the page (as indicated by a "flash"). Social Capital is a special purpose acquisition company (SPAC) that raised $360 million in its debut in April at $10 per share. Contribution Profit After Interest helps management assess Contribution Margin performance, per above, when burdened with the cost of senior financing. 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RECONCILIATION TO CONDENSED CONSOLIDATED BALANCE SHEETS: Cash, cash equivalents, and restricted cash, Inventory valuation adjustment Current Period, Inventory valuation adjustment PriorPeriods, Inventory valuation adjustment CurrentPeriod, Inventory valuation adjustmentPrior Periods, Depreciation and amortization, excluding amortization of intangibles and right of use assets, Highest quarterly revenue of $5.2billion, up 590% versus 1Q21; with 12,669 total homes sold, up 415% versus 1Q21, demonstrating rapid consumer adoption of our product offerings, Record gross profit of $535million, versus $97million in 1Q21, up 452% versus prior year; gross margin of 10.4%, versus 13.0% in 1Q21, First quarter of positive net income of $28million, versus $(270)million in 1Q21, Adjusted Net Income of $99million, versus $(21)million in 1Q21, Record Contribution Profit of $332million, versus $76million in 1Q21, up 337% versus prior year; 21st consecutive quarter of positive Contribution Margin which was 6.4%, versus 10.2% in 1Q21, Adjusted EBITDA of $176million versus $(2)million in 1Q21; fourth consecutive quarter of positive Adjusted EBITDA and three times higher than what was generated in all of 2021; Adjusted EBITDA Margin of 3.4% versus (0.3)% in 1Q21, Inventory balance of 13,360 homes, representing $4.7billion in value, up 455% versus 1Q21, Purchased 9,020 homes, up 151% versus 1Q21, Launched San Francisco Bay Area, bringing us to 45 markets at the end of 1Q22, 2Q22 revenue guidance of $4.1 billion - $4.3 billion, up 254% YoY at the midpoint of range. If the real value is higher than the market price, Opendoor Technologies is considered to be undervalued, and we provide a buy recommendation. Opendoor Technologies Inc., formerly known as Social Capital Hedosophia II, is based in San Francisco, United States. Opendoor Technologies Inc is a digital platform . This means we align our goals and teams against both growing customers and driving sustainable margin expansion, operating with a focus on building the lowest cost structure, and having a culture of discipline around pricing and risk management across periods of uncertainty. We use both quantitative as well as qualitative analysis to arrive at, Use alpha and beta coefficients to find investment opportunities after accounting for the risk, By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations, When running Opendoor Technologies' price analysis, check to, Stay connected to all market stories and filter out noise. What happened to Opendoor Technologiess price movement after its last earnings report? The real estate tech company benefited from surprising home sales data and favorable interest rate news. Holding costs are included in Sales, marketing, and operations on the Condensed Consolidated Statements of Operations. Upgrade now. Dontbet on a June swoon.Hereswhat the data show. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. This primarily includes broker commissions, external title and escrow-related fees and transfer taxes. Offer eligibility and purchase price vary. Adjusted Gross Profit, Contribution Profit and Contribution Profit After Interest. You can also visit g.co/privacytools at any time. The result of this hard work is the capability to grow and protect margins across economic cycles.. [[ data.eventTime | date: 'EEE, MMM dd, yyyy h:mm a' ]] [[ zone ]], Is Real Estate Back? For example, these measures include costs that were recorded in prior periods under GAAP and exclude, in connection with homes held in inventory at the end of the period, costs required to be recorded under GAAP in the same period. What is Opendoor Shares Outstanding? (NASDAQ:OPEN) - Macroaxis Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Realtime quote and/or trades are not sourced from all markets. We also use cookies and data to tailor the experience to be age-appropriate, if relevant. Otherwise, we render a sell signal. . This is a consumer service and the notoriety of being public is helpful. Investor Relations | Opendoor Technologies Inc. Open Door Shares Outstanding: 31.01M for Feb. 3, 2023. Featured customers may have been compensated for their time. Adjusted EBITDA is a supplemental performance measure that our management uses to assess our operating performance and the operating leverage in our business.