opendoor shares outstanding

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. Changes in operating assets and liabilities: Net cash provided by (used in) operating activities, Proceeds from sales, maturities, redemptions and paydowns of marketable securities, Purchase of non-marketable equity securities, Capital returns of non-marketable equity securities, Proceeds from non-recourse asset-backed debt, Principal payments on non-recourse asset-backed debt, Principal payments on other secured borrowings, Payment of loan origination fees and debt issuance costs, Net cash provided by financing activities, NET INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, CASH, CASH EQUIVALENTS, AND RESTRICTED CASHBeginning of period, CASH, CASH EQUIVALENTS, AND RESTRICTED CASHEnd of period, SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATIONCash paid during the period for interest, Stock-based compensation expense capitalized for internally developed software. Opendoor Technologies basic shares outstanding from 2019 to 2023. Opendoor (OPEN) - basic shares outstanding - CompaniesMarketCap.com You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Forward-looking statements speak only as of the date they are made. Please check your download folder. For comparison purposes, find information on other symbols contained in the same sector. (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 company led by investor Chamath Palihapitiya. 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. Opendoor Technologies Inc (OPEN) Stock Price & News - Google 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. The foregoing list of factors is not exhaustive. 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. Please note all regulatory considerations regarding the presentation of fees must be taken into account. 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. Social Capital Hedosophia Holdings Corp II is a blank check company. For the past eight years, we have been working on the rare opportunity to transform the $2.3 trillion housing industry. Certain assumptions have been made for modeling purposes and are unlikely to be realized. According to Wall Street analysts Opendoor Technologiess price is currently Undervalued. Opendoor Technologies Inc., formerly known as Social Capital Hedosophia II, is based in San Francisco, United States. (5)Holding costs include mainly property taxes, insurance, utilities, homeowners association dues, cleaning and maintenance costs. We believe these measures facilitate meaningful period over period comparisons and illustrate our ability to generate returns on assets sold after considering the costs directly related to the assets sold in a given period. Reuters->, Updates shares, adds market valuation, background. Opendoor Technologies Shares Outstanding is currently at 612.61 M. Outstanding Shares are shares of common stock of a public Opendoor Technologies that were purchased by investors after they were authorized and issued by the Opendoor Technologies to the public. Enter your email to receive our newsletter. TheQuote Overviewpage gives you a snapshot view for a specific symbol. Their opinions and views are solely their own. Contribution Margin After Interest is Contribution Profit After Interest as a percentage of revenue. As such, in order to allow more meaningful period over period comparisons that more accurately reflect our asset performance rather than our evolving financing choices, we do not include interest expense associated with our mezzanine term debt facilities in this calculation. This browser is no longer supported at MarketWatch. The company was founded by Daisuke Sekine on April 21, 1997 and is headquartered in Tokyo, Japan. 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. Shares Outstanding Chart. . There's $1.3 billion left until tough decisions must be made. The ETFs are listed according to market value of OPEN within the ETF, The estimated number of people who visited one or more of the websites owned by Opendoor Technologies. 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. . Housing market data has investors looking unfavorably at the real estate marketplace. The result of this hard work is the capability to grow and protect margins across economic cycles.. The following table presents a reconciliation of our Adjusted Gross Profit, Contribution Profit and Contribution Profit After Interest to our gross profit, which is the most directly comparable GAAP measure, for the periods indicated: (1)Inventory valuation adjustment includes adjustments to record real estate inventory at the lower of its carrying amount or its net realizable value. Do Not Sell My Personal Information (CA Residents Only). Dontbet on a June swoon.Hereswhat the data show. How were Opendoor Technologiess earnings last quarter? Opendoors first quarter of 2022 financial results and management commentary can be accessed through the Companys shareholder letter on the quarterly results page of Opendoors investor relations website at https://investor.opendoor.com. Disclaimer search Compare to DraftKings Inc $24.92 DKNG2.01% Snowflake Inc $175.21 SNOW4.75%. Invest Like a Pro with Unique Data & Simplifed Tools, Opendoor Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4), Opendoor Announces First Quarter of 2023 Financial Results, Opendoor downgraded on inventory challenges at Wedbush, Opendoor Technologies downgraded to Neutral from Outperform at Wedbush, Opendoor cutting workforce another 22%, Reuters reports, Opendoor Technologies initiated with a Hold at Gordon Haskett, Opendoor to Report First Quarter 2023 Financial Results on May 4th, 2023, Opendoor Technologies says held less than 1% of total cash at SVB Financial, iShares Core S&P Total U.S. Stock Market ETF, Financial and accounting risks. Shares Outstanding 5.15M; Public Float 10.91M; Beta N/A . We believe these measures provide investors with meaningful period over period comparisons of our underlying performance, adjusted for certain charges that are non-recurring, non-cash, not directly related to our revenue-generating operations or not aligned to related revenue. Is it worth spending $3,499 on Apples Vision Pro VR headset? Open Door Inc. Stock Quote (U.S.: OTC) - MarketWatch Home-selling platform OpenDoor's shares see-saw in Nasdaq debut Another Palihapitiya-backed SPAC took Richard Branson's space tourism company Virgin Galactic Holdings Inc SPCE.N public last year. As a result, the real-time prices displayed may have minor discrepancies when comparing the information with other sites offering real-time data, or with brokerage firms. Opendoor's operating losses have continued to pile up to start 2023. Opendoor Announces First Quarter of 2022 Financial Results. Or is there an opportunity to expand the business' product line in the future? When available, Bid and Ask information from the Cboe BZX Exchange is updated as new data is received. ", If the 14-Day Stochastic %K is less than 10 and the Overall Opinion is a Sell, the following displays: "The market is in highly oversold territory. Opendoor Announces Fourth Quarter and Full Year 2021 Financial Results (8)Consists mainly of interest earned on cash, cash equivalents and marketable securities. Note: The Cboe BZX Exchange currently accounts for approximately 11-12% of all U.S. equity trading each day. Financial Efficiency Backtested performance is developed with the benefit of hindsight and has inherent limitations. Contribution Margin is Contribution Profit as a percentage of revenue. This could be a home-run stock if the company figures out the home-flipping business. The company reported -$0.16 earnings per share for the quarter, beating the consensus estimate of -$0.613 by $0.453. View real-time stock prices and stock quotes for a full financial overview. Glenn Solomon, a board member at Opendoor and a managing partner at GGV Capital, one of Opendoors early investors, said the companys goal had always been to go public. All quotes are in local exchange time. Opendoor Technologies' Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. The stock recouped some losses and was last trading down 2.1% at 13:02 ET. Our Standards: The Thomson Reuters Trust Principles. ", If the 14-Day Stochastic %K is less than 20 and the Overall Opinion is a Sell, the following displays: "The market is approaching oversold territory. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. In addition to our senior debt facilities, we use a mix of debt and equity capital to finance our inventory and that mix will vary over time. Stocks: 15 20 minute delay (Cboe BZX is real-time), ET. 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. Read this first. We do not give any assurance that we will achieve our expectations. Live educational sessions using site features to explore today's markets. Open Door, Inc. engages in the management and operation of the travel comparison sites. There are currently no items in this Watchlist. Changes in these assumptions may have a material impact on the backtested returns presented. Social Capital is a special purpose acquisition company (SPAC), which is a shell company that raises money through an IPO to buy a private company and take it public. Adjusted Net Income (Loss) also aligns the timing of inventory valuation adjustments recorded under GAAP to the period in which the related revenue is recorded in order to improve the comparability of this measure to our non-GAAP financial measures of unit economics, as described above. Please check your download folder. Adjusted Net Income (Loss) and Adjusted EBITDA are supplemental measures of our operating performance and have important limitations. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. What is Opendoor Technologiess EPS estimate? Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. What happened to Opendoor Technologies's price movement after its last earnings report? View and export this data back to 2015. Inventory valuation adjustment in prior periods is calculated by subtracting the inventory valuation adjustments recorded in prior periods on homes sold in the current period. Date Value; February 03, 2023: 31.01M December 31, 2022: 31.01M . Younger workers know being remote has drawbacks, but they dont care. This information is provided for illustrative purposes only. The number of shares has increased by 0.18% in one year. Among the largest hedge funds holding Opendoor Technologiess share is Slate Path Capital LP. 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. Opendoor Technologies Inc. (OPEN) delivered earnings and revenue surprises of 9.86% and 20.66%, respectively, for the quarter ended March 2023. 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. Be watchful of a trend reversal.". 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 March31, 2022. Realtime quote and/or trades are not sourced from all markets. (2)Inventory valuation adjustmentCurrent Period is the inventory valuation adjustments recorded during the period presented associated with homes that remain in inventory at period end. Fundamental data provided by Zacks and Morningstar. Select More options to see additional information, including details about managing your privacy settings. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Accordingly, these measures should not be considered in isolation or as a substitute for analysis of our results as reported under GAAP. Opendoors mission is to empower everyone with the freedom to move. 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. Opendoor Technologies Inc., formerly known as Social Capital Hedosophia II, is based in San Francisco, United States. Market Indexes. The Summary Quoteboard displays snapshot quote data. Historical Shares Outstanding Data. Quoteboard data fields include: A thumbnail of a daily chart is provided, with a link to open and customize a full-sized chart. Since 2014, Opendoor has provided people across the U.S. with a radically simple way to buy, sell or trade-in a home online. Weak data from the housing market spelled trouble for this real estate technology stock. 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. Stock Screener. Riot Platforms, Inc. (RIOT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Opendoor Technologies Inc., formerly known as Social Capital Hedosophia II, is based in San Francisco, United States. Opendoor Technologiess EPS estimate is -$0.33. Right-click on the chart to open the Interactive Chart menu. (8)This does not include interest on mezzanine term debt facilities or other indebtedness. Opendoor Announces First Quarter of 2022 Financial Results | Opendoor We calculate Adjusted Gross Profit as gross profit under GAAP adjusted for (1)inventory valuation adjustment in the current period, and (2) inventory valuation adjustment in prior periods. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. These measures are also commonly used by investors and analysts to compare the underlying performance of companies in our industry. We calculate Contribution Profit as Adjusted Gross Profit, minus certain costs incurred on homes sold during the current period including: (1)holding costs incurred in the current period, (2)holding costs incurred in prior periods, and (3)direct selling costs. Opendoor Technologies Inc. is an online company that buys and sells residential real estate. Opendoor Technologies lowest stock price was $0.92 and its highest was $7.89 in the past 12 months. We define Contribution Profit After Interest as Contribution Profit, minus interest expense under our non-recourse asset-backed senior debt facilities incurred on the homes sold during the period. (9)Represents the interest expense under our asset-backed senior debt facilities incurred during the period on homes sold in the current period. 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.
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