Opendoor(US:OPEN) 贝塔投资智库·2025-07-22 04:12Core Viewpoint - Opendoor Technologies has experienced a remarkable turnaround, transforming from a stock facing delisting risks to a hot topic in the U.S. stock market within a week, driven by significant trading volume and speculative interest [1][2]. Group 1: Stock Performance - On a recent trading day, Opendoor's stock price surged over 120% before experiencing a sell-off, ultimately closing at $3.21, reflecting a daily increase of 42.67% [1]. - The trading volume exceeded 1.8 billion shares, setting a historical record and far surpassing its float of 634 million shares, indicating intense market interest in the "iBuyer" concept [1]. - Year-to-date, Opendoor's stock has risen over 100%, with a cumulative increase of more than 500% since early July [4]. Group 2: Market Sentiment and Characteristics - The stock has drawn comparisons to "meme stocks" like GameStop and AMC, with high short interest and social media-driven speculation [2]. - Opendoor's short interest exceeds 20%, closely resembling GameStop's 21.4%, highlighting its speculative nature [2]. - The options market reflects investor enthusiasm, with call options trading volume reaching 2.2 million, double that of put options, indicating strong expectations for short-term price increases [2]. Group 3: Company Fundamentals and Future Outlook - Opendoor recently received a delisting warning from Nasdaq due to its stock price being below $1 for 30 consecutive trading days, prompting plans for a reverse stock split [3]. - EMJ Capital's founder believes Opendoor has real business potential and is focused on cost control and revenue growth, despite the delisting concerns [3]. - Investors are closely watching the upcoming earnings report, with expectations for the company to achieve positive EBITDA, marking a significant milestone in its transformation into a growth stock [4].