How Opendoor Technologies Stock Gained 210%
Opendoor Technologies (OPEN)’s stock skyrocketed over 200%, fueled less by sales than a soaring P/E jump amid a whirlwind of moves—from a CEO shakeup and national growth to AI bets and earnings swings. What exactly sparked this rollercoaster? Let’s unpack the story behind the surge and stumble.
| 8142025 | 11122025 | Change | |
|---|---|---|---|
| Stock Price ($) | 3.0 | 9.4 | 208.2% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 5,181.0 | 4,719.0 | -8.9% |
| P/S Multiple | 0.4 | 1.5 | 244.2% |
| Shares Outstanding (Mil) | 729.5 | 741.9 | -1.7% |
| Cumulative Contribution | 208.1% |
So what is happening here? The stock surged 208%, driven by a 244% jump in P/E multiple, despite an 8.9% dip in revenue. Let’s dive into the key events and moves behind these shifts.
Before we get into details of events that led to stock surge, here is what market wisdom says: A single stock can be risky, but there is a huge value to a broader, diversified approach. Should you buy one stock you like or build a portfolio designed to win across cycles? Our numbers show that the Trefis High Quality Portfolio has turned stock-picking uncertainty into market-beating consistency. This portfolio is incorporated in the asset allocation strategy of Empirical Asset Management — a Boston area wealth manager and Trefis partner — whose asset allocation framework yielded positive returns during the 2008-09 period when the S&P lost more than 40%.
Here Is Why Opendoor Technologies Stock Moved
- With Opendoor Technologies Stock Sliding, Have You Assessed The Risk?
- Opendoor Technologies Stock To $5?
- Market Movers | Winners: NXTT, VNCE, OPEN | Losers: OCTO, RBNE, QMMM
- OPEN Stock Up 56% after 6-Day Win Streak
- OPEN Stock Up 65% after 6-Day Win Streak
- Market Movers | Winners: MDB, KSS, VIR | Losers: OPEN, KNF, SMMT
- Q2 Earnings Beat/Rally: Aug 2025: Beat Q2 revenue expectations and achieved first adjusted EBITDA profit since 2022. Stock soared.
- New CEO Appointment: Sep 2025: Kaz Nejatian appointed CEO. Insider purchased $1M in stock, signaling confidence.
- National Expansion: Sep 2025: Announced plans to expand services across the entire continental U.S.
- Q3 Earnings Miss: Nov 2025: Missed Q3 EPS forecast (-$0.12 vs -$0.07 exp.) and slightly missed revenue. Stock dropped.
- AI/Software Focus: Nov 2025: Company pivoted to a software and AI-driven model, targeting profitability by end of 2026.
Our Current Assesment Of OPEN Stock
Opinion: We currently find OPEN stock unattractive. Why so? Have a look at the full story. Read Buy or Sell OPEN Stock to see what drives our current opinion.
Risk: A good way to gauge risk is by checking how much OPEN fell in major market downturns. During the Covid pandemic, it dropped roughly 41%. But during the inflation shock, the decline was much steeper, hitting nearly 97%. So even with a solid business, this stock isn’t immune to big hits when the market faces serious stress. Favorable factors matter, but steep drawdowns can still happen.
OPEN stock may have seen strong gains recently, but investing in a single stock without detailed, thorough analysis can be risky. The Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 — the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.