Should You Avoid Opendoor Stock, Even at a 52-Week Low?
Jennifer Saibil, The Motley Fool
Tue, September 1, 2026 at 12:40 PM GMT+3 3 min read
Opendoor Technologies (NASDAQ: OPEN) stock is trading down 26% over the past year despite new management, many changes, and improving metrics. The market doesn't seem confident in its claim to be getting closer to profitability. Alternatively, it might just be pessimistic, as the housing market remains under pressure.
With shares priced at just $3.22 as of this writing, should you avoid this stock trading near its 52-week low?
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Could Opendoor be a turnaround story?
Opendoor buys and sells residential real estate through its online platform. It distinguishes itself by making instant cash offers on homes, repairing the properties it purchases, and relisting them for sale.
Opendoor's second-quarter report was chock-full of good news. Some highlights include:
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Revenue increased 23% quarter over quarter.
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It signed 6,908 acquisition contracts on $5 million of marketing spend, whereas the last time it signed more than 6,000 contracts, it spent $81 million on marketing.
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The percentage of homes on the market for over 120 days declined sequentially from 10% to 9%, compared with a market average of 27%.
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Operations expense per acquisition close was $3,000, down from $5,000 last quarter and $8,400 last year.
CEO Kaz Nejatian said, "The alternative to buying growth is earning it by shipping great products." He boasted that the path toward becoming adjusted net income positive on a go-forward, 12-month basis is clear when you see the lower costs, increasing revenue, and building unit economics.
However, the market still seems to be extremely concerned. The year-over-year performance was still down on the top and bottom lines, and adjusted net loss increased from $9 million last year to $30 million this year.
So, should you avoid Opendoor stock? At the current price, you can buy 100 shares for $322. If you have that much to lose, you can feel comfortable taking the risk on this stock. But you should avoid making it a significant position until Opendoor demonstrates more progress.
Should you buy stock in Opendoor Technologies right now?
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Jennifer Saibil has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Should You Avoid Opendoor Stock, Even at a 52-Week Low? was originally published by The Motley Fool
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