The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.
Opendoor Technologies (NASDAQ: OPEN) is the latest stock to explode on the back of retail investor hype. Shares in the digital real estate platform have jumped over 400% in July alone, driven by short-squeeze speculation and meme-stock mania.
It surged more than 175% in just days after hedge fund manager Eric Jackson of EMJ Capital publicly backed the stock. Jackson, known for his early call on Carvana, called Opendoor a potential “100-bagger,” triggering a wave of retail investor hype across Reddit and X.
If you’re looking to ride the momentum or just want to understand the buzz, here’s how to buy Opendoor stock in Australia.How to buy shares in Opendoor Technologies
- Compare share trading platforms. To buy shares in a company listed in the US from Australia you'll need to find a trading platform that offers access to US stock markets. Look for a platform with low brokerage and foreign exchange fees.
- Open and fund your brokerage account. Complete an application with your personal and financial details, which will typically include your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
- Search for Opendoor Technologies. Find the share by name or ticker symbol: OPEN. Research its history to confirm it's a solid investment that matches your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Opendoor Technologies reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying using consistent intervals and amounts.
- Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of Opendoor Technologies, depending on your broker.
- Check in on your investment. Congratulations, you own a part of Opendoor Technologies. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights.
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Is it a good time to buy Opendoor Technologies stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Opendoor Technologies share price volatility
Over the last 12 months, Opendoor Technologies's shares have ranged in value from as little as US$0.5084 up to US$10.87. A popular way to gauge a stock's volatility is its "beta".
Beta measures a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Opendoor Technologies's is 3.592. This would suggest that Opendoor Technologies's shares are significantly more volatile than the average for this exchange and represent a higher risk.
Opendoor Technologies financials
| Revenue TTM | US$4.7 billion |
|---|---|
| Gross profit TTM | US$378 million |
| Return on assets TTM | -4.01% |
| Return on equity TTM | -39.33% |
| Profit margin | -6.72% |
| Book value | 1.051 |
| Market capitalisation | US$6.8 billion |
| EBITDA | US$-152,000,000 |
TTM: trailing 12 months
Opendoor Technologies share dividends
We're not expecting Opendoor Technologies to pay a dividend over the next 12 months.
Opendoor Technologies overview
Opendoor Technologies Inc. operates a digital platform for residential real estate transactions in the United States. It buys and sells homes. The company offers sell to opendoor product that enables homeowners to sell their home directly to it and resell the home to a home buyer; list with opendoor product that allows customers to list their home on the MLS with opendoor and receive cash offer; and opendoor marketplace product that connects the home seller with an institutional or retail buyer. It also provides real estate brokerage, title insurance and settlement, and escrow services, as well as property and casualty insurance, real estate licenses, and construction services. The company was formerly known as Social Capital Hedosophia Holdings Corp. II and changed its name to Opendoor Technologies Inc. Opendoor Technologies Inc. was incorporated in 2013 and is based in Tempe, Arizona.
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