Opendoor

OPEN

Market cap $5.28B

OPEN posts $1.6B in Q2 revenues and EBITDA profit as its AI-powered platform reshapes real estate transactions.

Opendoor Technologies stock (NASDAQ: OPEN) recently experienced a significant drop, falling 27.7% from $10.21 on September 17, 2025, to its current price of $7.38. This decline is attributed to a combination of factors: first, a correction from its earlier "meme rally" as investors locked in profits; and second, persistent and intense criticism of its business model and profitability, notably voiced by a prominent hedge fund manager.

Hilary Kramer looks at payment stocks; she likes Klarna (KLAR) because of its relationship with Amazon (AMZN), and Jefferson Capital (JCAP). In energy, she likes Oklo (OKLO), citing pressures on the grid.

In June of this year, Opendoor Technologies (OPEN -4.03%) stock was trading at an all-time low of $0.51. But it has staged an eye-popping 1,370% rally since then, fueled by a social media-led frenzy among retail investors, and it trades at $7.50 as I write this.

Most investors understand that investing in stocks isn't a get-rich-quick endeavor. Although the market is the most reliable and rewarding means of using capital to build real wealth, it can take years -- even decades -- to fully reap those rewards.

Opendoor Technologies Inc. OPEN has experienced a meteoric share price rally in recent months, yet its valuation remains strikingly low. The company trades at a forward 12-month Price/Sales (P/S) ratio of just 1.2, far below the Zacks Internet - Software industry's average multiple of 5.57x earnings.

SAN FRANCISCO, Oct. 09, 2025 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (“Opendoor”) (Nasdaq: OPEN), a leading e-commerce platform for residential real estate transactions, today announced that it will report third quarter 2025 financial results for the period ended September 30, 2025 following the close of the market on Thursday, November 6, 2025. On that day, management will host a conference call and webcast at 2:00 p.m.

To call Opendoor's (OPEN -8.45%) recent stock performance strong would be an understatement. However, the real estate disruptor's stock is starting to remind me of the 2021 meme stock craze, and not in a good way.

Short interest is a powerful market force that can not only cap gains but drive share prices lower, but not always. Sometimes, even the short sellers get things wrong.

Dava Mazza with Roundhill Investments talks about how much of a "force" retail investors became during the COVID-19 pandemic, seen in the GameStop (GME) craze in early 2021. A resurgence in meme stock plays led Roundhill to relaunch its MEME ETF, which Dave says gives investors the chance to experience volatility stocks like Opendoor (OPEN), Hims & Hers (HIMS), and Rigetti Computing (RGTI) in a "professional" manner.