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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For further details see:
Opendoor Technologies: Fortune Favors The Bold