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Offerpad Solutions Inc (OPAD) |
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Price: $9.8500
$-0.14 
-1.401%
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| Day's High:
| $9.98
| Week Perf:
| 6.37 %
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| Day's Low: |
$ 9.68 |
30 Day Perf: |
21.01 % |
| Volume (M): |
13 |
52 Wk High: |
$ 15.20 |
| Volume (M$): |
$ 127 |
52 Wk Avg: |
$5.03 |
| Open: |
$9.72 |
52 Wk Low: |
$0.37 |
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| Market Capitalization (Millions $) |
269 |
| Shares
Outstanding (Millions) |
27 |
| Employees |
500 |
| Revenues (TTM) (Millions $) |
1,751 |
| Net Income (TTM) (Millions $) |
-223 |
| Cash Flow (TTM) (Millions $) |
-81 |
| Capital Exp. (TTM) (Millions $) |
1 |
Offerpad Solutions Inc
Offerpad Solutions Inc is a US-based online home-buying and selling platform that allows homeowners to sell their homes fast and hassle-free. The company was founded in 2015 by Brian Bair and Jerry Coleman and has its headquarters in Chandler, Arizona. Offerpad Solutions Inc adopts a technology-driven approach to the real estate industry and has leveraged on this to gain national recognition in the marketplace.
Offerpad's platform is designed to provide homeowners with a fast and convenient way to sell their homes. With Offerpad, homeowners can sell their homes in a matter of days without the need for home inspections, open houses, staging, or realtor commissions. The platform uses a simple three-step process, which includes a free home offer, a free home assessment, and the closing of the sale.
Offerpad Solutions Inc's platform is designed to aid investors, real estate agents, and direct buyers in purchasing homes. The company offers instant offers from its proprietary algorithm technology, making an all-cash offer without the need for a home inspection.
Offerpad Solutions Inc aims to create a seamless and hassle-free home selling and buying process for both buyers and sellers. The company has introduced features like 'Coming Soon,' which allows sellers to list their homes on the platform before they are officially for sale. It also has a 'more time for change of mind' program, which allows sellers to change their minds up to three days before the closing, without any penalty fees.
Offerpad Solutions Inc is committed to making the home buying and selling process simple, transparent, and stress-free. To achieve this, the company provides a team of experienced real estate professionals to handle every aspect of the home selling and buying process, including paperwork, title transfers, and much more.
In addition to its real estate services, Offerpad offers a suite of financial products, including mortgage and insurance services, to provide its clients with comprehensive housing solutions. The company has partnerships with several renowned financial institutions, which provides personalized mortgage offers and access to direct lending.
In conclusion, Offerpad Solutions Inc is a trailblazer in the home buying and selling industry, leveraging technology to provide a fast, fair, and convenient way for homeowners to sell their homes. The company's commitment to transparency, simplicity, and its team of experienced real estate professionals has made it a trusted and sought-after partner for anyone seeking a convenient and hassle-free real estate transaction.
Company Address: 2150 E. Germann Road Chandler 85286 AZ
Company Phone Number: 388-4539 Stock Exchange / Ticker: NYSE OPAD
| OPAD is expected to report next financial results on February 27, 2024. |
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| Stock Performances by Major Competitors |
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Silver Star Properties Reit Inc
In the fiscal third quarter of 2023, Silver Star Properties REIT Inc witnessed a remarkable turnaround, with significant improvements in profitability, earnings per share (EPS), and a decline in accounts receivable. While the company experienced a decline in revenue, its strong financial performance raises optimism about its future prospects. Let's delve deeper into the financial results to understand how these developments might impact the company moving forward.
1. Positive Profitability and Rapid EPS Growth:
Silver Star Properties REIT Inc achieved a significant milestone in the third quarter of fiscal year 2023, as profitability turned positive at $1,960.00 per share compared to a loss of $0.16 per share in the previous year. This improvement signifies a change in the company's operational efficiency and cost management strategies. Moreover, EPS grew exponentially by 3,919,900%, reaching $0.05 per share from the prior reporting season. This remarkable growth indicates the company's effective utilization of its available resources.
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Alpha Investment Inc
In the Real Estate Operations industry, the spotlight has often been on the large companies. However, there are a few lesser-known businesses that are making waves with their recent financial performance. Alpha Investment Inc, one such emerging growth corporation, has reported its operating loss for the third quarter of 2023, amounting to $-0.069365 million.
What stands out in this report is the company's ability to conduct business more cost-effectively than in the previous year. In the third quarter of 2022, Alpha Investment Inc had recorded an operating loss of $-0.116716 million. However, over the financial interval closing on September 30, 2023, the company managed to operate the General and Administrative (GOBA) expenses in a more efficient manner, resulting in a reduced deficit of $-0.086 million.
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Forestar Group Inc
Investors in the stock market have reason to celebrate as the Real Estate Operations company, Forestar Group Inc, recently announced impressive earnings for the fourth quarter of 2023. In a surprising turn of events, the company reported a remarkable 44.153% increase in revenue, totaling an impressive $549.80 million. Furthermore, the profit per share saw a substantial jump of 40.27% to $1.43 per share, year on year.
What sets Forestar Group Inc apart from its peers in the Real Estate Operations sector is its ability to defy industry trends, showcasing a surge in its top-line growth. While many of its competitors experienced revenue contractions over the same period, Forestar Group Inc managed to buck the trend, delivering outstanding results.
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Altisource Asset Management Corporation
Altisource Asset Management Corporation (AAMC) is a company that experienced a significant loss per share in its fiscal three months ending September 30, 2023. The reported loss per share was $-4.52, which is an increase from $-2.24 per share in the same quarter a year ago. In the previous quarter, the company realized a loss of $-2.16 per share. This resulted in a net loss of $-13.470 million for the third quarter of 2023, compared to a net loss of $-3.986 million in the same quarter last year.
The decline in AAMC's earnings and the increase in losses per share have caught the attention of analysts and investors. The level of accounts receivable has also decreased to $28.1 million, leading some analysts to believe that this is due to slowing demand for the company's services.
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My City Builders Inc
In the current economic landscape, every financial report holds significant implications for businesses and investors alike. My City Builders Inc, a prominent construction company, recently announced its revenue for the May to July 31, 2023 fiscal period. With a noteworthy decline in revenue and mounting net deficit, the company's financial health is at stake. Analysts are concerned about the company's diminishing accounts receivable and its potential impact on revenue growth. Let's examine the contextual factors and potential consequences of these financial results.
Revenue Plunge:
During the May to July 31, 2023 fiscal period, My City Builders Inc reported a revenue of $0.023369 million. This figure indicates a dramatic drop compared to the same period last year. Such a significant decline could signal broader underlying challenges in the company's operations. Investors and analysts will be eager to understand the reasons behind this revenue plummet.
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| Per Share |
Current |
| Earnings (TTM) |
-2.07 $ |
| Revenues (TTM) |
64.19 $
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| Cash Flow (TTM) |
- |
| Cash |
3.89 $
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| Book Value |
4.22 $
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| Dividend (TTM) |
0 $ |
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| Per Share |
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| Earnings (TTM) |
-2.07 $
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| Revenues (TTM) |
64.19 $ |
| Cash Flow (TTM) |
- |
| Cash |
3.89 $
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| Book Value |
4.22 $ |
| Dividend (TTM) |
0 $ |
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