What is happening with OPEN?

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Fundamental Analysis

Lets dive into a rare fundamental analysis of a recently popular stock, OPEN. Opendoor Technologies Inc went public in June of 2020 and saw a quick all time high of $39.34. However, that surge did not last long and it began a long decline down to a sub $1 valuation.

Recently we saw OPEN surge 300% from that sub $1 to over $5 in just a few days with the stock now sitting at $2.02 premarket on 7/30/25. Why did this happen? lets dive into a few reasons this could of occurred and then a quick technical analysis to see if this is a good entry point.

First and foremost Opendoor announced that it received notice from Nasdaq in May that it had failed to comply with Nasdaq listing rules due to the closing price of shares being below $1 per share for 30 consecutive business days. For continued compliance, OPEN must be at least $1 per share for a minimum of ten consecutive business days by 11/24/25. According to Opendoor, due to increased volatility in the stock price, the board decided to delay a reverse stock split until August 27th. As of today, OPEN has closed above $1 for 11 consecutive business days. There has been no update if the company has been told by Nasdaq if they have regained compliance.

Another reason for the stock hype is that Opendoor is being compared to Carvana. Back in 2022 Carvana announced they were going to file for bankruptcy and saw their stock plunge to sub $4 from being a $360+ stock. Since then, Carvana has been able to pull itself back by regaining revenue and positive earnings and becoming a $360+ stock again. Needless to say, those who missed that ride are looking to hop on the next one and some believe Opendoor is that next one.

Technical Analysis

Lets be honest, the chart is not a pretty one. Below is a zoomed out day chart of the last three years. You can see OPEN’s decline up until the recent 300% surge.

Now lets take a look at that surge. Below is still a daily chart because I had to go back to 2024 to find a support for this range. I put in a support and resistance line but unfortunately based on the direction of the stock, I fear OPEN will probably test that support at $1.58 before it retests the resistance at $2.54.

A Final Note

Not all is lost. We could see another surge upward if we learn that Nasdaq announces that Opendoor has regained compliance. Earnings is also on 8/5/25 and recent positives earnings has shown to move the stock in a positive direction. This could be the new base for OPEN. I just urge caution because although these low value stocks can make you big money fast, they could also lose you big money fast. Good luck!