RDFN - Opendoor Technologies: Fortune Favors The Bold

2024-02-24 22:11:02 ET

Summary

• Opendoor just reported Q4 earnings - results were great, but guidance was soft.
• More specifically, Opendoor does not expect to achieve profitability in 2024.
• However, Opendoor's fundamentals are improving - much better than it was a year ago.
• The question is: Are you bold enough to hold on to Opendoor stock for the long run?

Introduction

It has not been easy holding Opendoor Technologies ( OPEN ) stock.

If you have been an Opendoor investor for the past year or so, you might have experienced a roller coaster of emotions as the stock oscillates violently between $1 and $5.

To illustrate, the stock has a 1-year Beta of 7.5, which screams extreme volatility....

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