Opendoor Jumps on iBuying Surge Despite Big Earnings Miss

In 2026, OPEN stock has declined 11% year-to-date (YTD), significantly underperforming the S&P 500 ($SPX), which has been essentially flat with a 0.7% gain. This follows a volatile 2025, where shares rose over 200% from lows but remain far from 52-week highs. Valuation metrics show a price-to-sales ratio of 0.72, below historical averages around 1.0-1.5 during growth phases and industry peers in software (often 5-10), indicating potential undervaluation if margins improve. Price-to-book stands at 4.13, high ...