Is Opendoor Technologies Stock a Buy After Skyrocketing 1,000%?

A soaring stock market has seen the return of the meme stock trade. Investors have begun to pile into beaten-down stocks with low share prices, hoping for a turnaround. Opendoor Technologies (NASDAQ: OPEN) looks like the current poster child of the 2025 meme stock run, with its digital real estate business model.Its shares are up over 1,000% and recently passed $10 on the backs of a changing business model, new executives, and a passionate set of shareholders. Should you chase Opendoor stock and buy it, even though it has zoomed past $10?Opendoor's stock was in the gutter for a good reason: Its current business is unprofitable. The company uses a digital platform to buy homes from people with cash offers and then sell them to buyers, hopefully at a profit. This is home flipping at a national scale, funded by debt, and with extremely thin gross profit margins. Last quarter, gross margin was just 8.2%.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool