From Nasdaq: 2025-01-06 00:07:56

Real estate technology company Opendoor Technologies (NASDAQ: OPEN) saw a 32% drop in stock in December due to rising mortgage rates and pessimism in the real estate industry. Opendoor’s iBuying business is sensitive to interest rate movements, affecting home sales and inventory. Despite making progress, Opendoor is still losing money and underperforming compared to previous years. The company’s digital platform shows promise for future success, with revenue up 41% in the third quarter. Opendoor’s stock trades at a low price-to-sales ratio of 0.2, presenting a risk for investors but also an opportunity for growth.

Investors should consider the risks and opportunities before investing in Opendoor Technologies. The Motley Fool Stock Advisor team did not include Opendoor in their top 10 stock picks, which have historically produced high returns. The service provides guidance on building a successful portfolio and has outperformed the S&P 500 since 2002. Consider the potential for growth and the track record of successful stock picks before making an investment decision.



Read more at Nasdaq: Why Opendoor Stock Plunged 32% in December