Is This a Sign Opendoor Technologies Is on the Right Track?

Opendoor Technologies (NASDAQ: OPEN) has been one of the hottest meme stocks to own of late. It was just a month ago that shares were trading at less than $1, and they have more than doubled in value since then.The company is involved in iBuying, which effectively involves flipping houses. It's a capital-intensive business, and it worked well for Opendoor when the housing market was hot a few years ago. These days, however, it's struggling to generate much growth.Investors, however, appear to be willing to take a chance on the stock, despite the challenges ahead. And recently, the company released its latest earnings numbers, which suggested it may be trending in the right direction. Could Opendoor finally be on the right track, or are investors still better off avoiding the stock?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool