Should I Buy Opendoor Technologies Stock in 2025? Expert Guide for NZ Investors

What is Opendoor Technologies?

How much is the Opendoor Technologies stock?

The price of Opendoor Technologies stock is rising this week. As of now, the stock is trading at $0.6860 USD, marking a 1.21% increase over the past 24 hours, though it is down 0.78% for the week. Opendoor Technologies holds a current market capitalisation of $500.02 million USD, with an average three-month trading volume of 59.29 million shares. The stock does not report a P/E Ratio due to ongoing net losses and pays no dividend, while exhibiting a high beta of 2.87, highlighting significant volatility. This level of movement means investors in NZ should be prepared for sharp price swings and carefully assess their risk appetite.

Our complete analysis of the Opendoor Technologies stock

Having thoroughly examined Opendoor Technologies’ latest quarterly results, alongside a comprehensive review of the stock’s price behaviour over the past three years, our proprietary analysis—grounded in a blend of quantitative metrics, technical indicators, market sentiment, and competitive positioning—suggests a pivotal moment may be emerging. Recent operational improvements, coupled with significant sector shifts in PropTech, point to a renewed window of opportunity. So, why might Opendoor Technologies stock once again become a strategic entry point into the rapidly evolving digital real estate sector in 2025?

Recent Performance and Market Context

Opendoor Technologies (NASDAQ: OPEN) currently trades at $0.6860 (30 May 2025), reflecting a short-term stabilisation after a volatile twelve months. Although the share price has contracted by -68.53% over the past year and -48.81% in the last six months, recent sessions have displayed encouraging momentum, including a 1.21% intraday gain on notably high volume (81.12M shares, 137% above the three-month average). This heavy trading activity often signals underlying confidence from institutional and retail investors positioning themselves ahead of anticipated catalysts.

While the stock’s absolute performance may seem lacklustre, context is key. The wider PropTech and digital property ecosystem has endured significant headwinds amid higher US interest rates and a cautious global risk backdrop. However, macro indicators suggest an inflection point is approaching. The prospect of a downward trend in interest rates—a scenario that would rekindle US (and by extension, global) residential real estate activity—aligns with signs of operational momentum at Opendoor. Notably, the company outperformed Q1 revenue consensus by $130M, underlining both resilience and the capacity to capture incremental market share even in soft conditions.

Technical Analysis: Signals of Renewal

Technically, Opendoor’s daily and weekly charts advocate a cautiously optimistic stance. The 14-day RSI sits at 39.69, placing the share close to oversold territory. Historically, reversals often initiate near the 40-level, especially in structurally promising technology plays experiencing cyclical troughs. The MACD remains marginally bearish at -0.06; however, with price consolidating above the key $0.6500 support (its 52-week low), momentum looks primed for a potential bullish crossover should positive news materialise.

Moving averages display four negative signals, confirming the medium-term downtrend. Yet periods of elevated volume and recent price stabilisation above the major support suggest the possibility of a basing process—a classic precursor to a technical reversal. Immediate resistance at $0.7110 has yet to be convincingly challenged, but any breakout above this level could set the stage for a sustained recovery, especially while the next major resistance ($3.09, the 52-week high) leaves ample upside optionality.

Short- and medium-term traders may find the current setup compelling: the combination of oversold momentum, robust volume, and proximity to a historical support band builds the case for a favourable risk/reward profile.

Fundamental Analysis: Improving Trajectory

Opendoor’s Q1 2025 results showcased progress across key metrics:

• Revenue held steady year-on-year at $1.2 billion (and up 6% quarter-on-quarter).
• Adjusted EBITDA loss narrowed to $30M (from $50M the prior year).
• Net loss improved significantly to $85M (from $109M), with EPS loss reduced to $0.12.
• Gross margin reached 8.6%, signalling improved unit economics even in a sluggish macro context.

These figures, alongside Opendoor’s forecast for Q2 revenue growth ($1.45–1.525 billion) and a return to positive EBITDA ($10–20M expected), powerfully reflect a business returning to operational health. Crucially, the company beat consensus sales expectations in Q1—often a key inflection point for sentiment reappraisal and multiple expansion.

While OPEN has no P/E or PEG due to negative earnings, its price-to-sales (P/S) ratio appears attractive relative to the digital real estate sector, positioning it as a value play among tech-driven disruptors. Moreover, the recent $325M convertible note issuance provides valuable liquidity and flexibility, derisking near-term debt concerns.

Structurally, Opendoor retains unrivalled scale in iBuying across the US and is leveraging its proprietary transaction and home valuation engines to expand into brokerage and hybrid marketplace services. Its adaptive business model, brand credibility, and track record of innovation reinforce its standing in a fiercely competitive sector.

Volume and Liquidity: Market Confidence In Focus

Recent surges in trading activity underscore elevated institutional and speculative engagement. The current daily volume (81.12M shares, 137% above average) strongly suggests that market participants are repositioning around anticipated catalysts—whether operational, technological, or macro-driven.

With a substantial float of 617M shares and a market capitalisation of around $500M, Opendoor exhibits ample liquidity, making it a preferred candidate for both NZ-based and international investors seeking flexible entry or exit. This deep liquidity profile, especially when combined with volatile price action (beta 2.87), means the stock’s valuation is both dynamic and responsive to positive operational surprises.

Catalysts and Positive Outlook

The coming quarters offer several bullish catalysts:

• Hybrid Model Adoption: Opendoor’s pivot beyond pure iBuying toward a hybrid (marketplace plus brokerage) approach is addressing historical margin volatility while opening new revenue streams.
• Strengthening Partnerships: Enhanced alliances with real estate agents are providing access to broader client flows and reducing acquisition costs.
• Product Innovation: Continued expansion into non-MLS listing solutions reflects a capacity to capitalise on changing transaction trends.
• Macroeconomic Tailwinds: Prospects of lower Fed rates and rising consumer appetite for digital property solutions could unlock significant latent demand.
• Operational Momentum: Management guides to positive EBITDA as soon as Q2 2025—a milestone for a company often criticised for negative cashflow. Market consensus now targets $1.70 per share (+147% upside), aligning with strong technical and sector-related tailwinds.

These catalysts, paired with clear progress toward profitable growth, set the stage for a positive multi-quarter re-rating, especially if external conditions become more constructive for real estate platforms.

Investment Strategies: Positioning For Opportunity

Given Opendoor’s current technical, fundamental, and structural backdrop, several entry strategies emerge:

• Short-Term:
• Tactical positioning near the $0.65–0.70 support zone, where heavy volume and oversold momentum offer compelling near-term upside if a technical breakout ensues.
• Targeting moves toward the next resistance at $0.711 or, on catalyst-driven momentum, toward $1.00+.
• Medium-Term:
• Entering ahead of the anticipated Q2 2025 earnings release, which may confirm positive EBITDA and stronger operational leverage, supporting a sentiment reversal.
• Potential for meaningful re-rating if macro conditions (notably US mortgage rates) shift favourably.
• Long-Term:
• The convergence of Opendoor’s expanded business model, scalable technology, and secular themes around digital property transaction provides a strong bullish thesis for patient investors.
• The risk/reward profile appears attractive for those seeking to participate in the normalisation and secular digitisation of US real estate.

Given its volatile nature, position sizing and risk management remain paramount. Diversified exposure—potentially via an allocation within a broader PropTech or disruptive innovation portfolio—may suit New Zealand investors who seek early-mover optionality with measured risk.

Is It the Right Time to Buy Opendoor Technologies?

In summary, Opendoor Technologies demonstrates a combination of improving financial metrics, abundant liquidity, and powerful upcoming catalysts—all while trading just above multi-year lows in both absolute and relative terms. Technical indicators and volume patterns increasingly suggest a transition phase, likely preceding a positive fundamental re-pricing. The clear strategic evolution—toward operational profitability and broader service lines—further justifies renewed institutional and retail interest.

For investors in New Zealand looking to engage with high-impact technological disruption in real estate, Opendoor appears to offer an excellent entry opportunity, aligning timely technical setups with improving operational prospects. As always, prudent portfolio construction and monitoring of upcoming earnings reports and external property market factors is essential. Yet, the evidence points toward Opendoor Technologies entering a new bullish phase—one that may reward forward-looking investors prepared to seize the potential of this dynamic PropTech leader.

With an enticing price entry, visible improvement in operational execution, and a sector poised for digital transformation, Opendoor Technologies stands as a highly promising candidate for investors seeking asymmetric upside in the global technology landscape.

How to buy Opendoor Technologies stock in NZ?

Buying Opendoor Technologies (OPEN) shares online is now a straightforward and secure process for New Zealand investors, thanks to regulated online brokers. You have two main ways to gain exposure: spot (cash) buying, where you directly own the shares, or trading via CFDs (Contracts for Difference), which allows you to speculate on price movements using leverage. Both options offer fast access to US tech stocks, including Opendoor, with competitive fees and professional platforms. To help you choose the right service, see our broker comparison guide further down this page.

Cash Buying

A cash purchase of Opendoor Technologies shares means you buy the stock outright and become a direct shareholder, with all associated rights. With most NZ-friendly brokers, you’ll typically pay a fixed commission per trade—usually between NZ$3 and NZ$10—plus currency conversion if funding in NZD.

Example

If the Opendoor share price is USD $0.6860 (about NZD $1.13 at recent exchange rates), a NZ$1,000 investment (around USD $606) allows you to buy approximately 884 shares, after including a NZ$5 brokerage fee.

Gain scenario

If the share price increases by 10%, your holding is now worth NZ$1,100.
Result: +NZ$100 gross gain, or +10% on your investment (excluding currency and other minor fees).

Trading via CFD

CFD trading lets you speculate on Opendoor Technologies’ price movement without owning the underlying shares. Using leverage (margin), you can control a larger position with less capital. Brokers typically charge a “spread” (the difference between buy/sell prices) and overnight financing fees if holding positions beyond the trading day.

Example

You open a NZ$1,000 CFD position on Opendoor with 5x leverage, giving you market exposure of NZ$5,000.

Gain scenario

If the stock rises by 8%, your leveraged position returns 8% × 5 = 40%.
Result: +NZ$400 gain on a NZ$1,000 initial margin (excluding spreads and overnight financing fees).

Final Advice

Before investing, it’s crucial to compare brokers’ fees, service levels, currency conversion costs, and available market access. Your preferred method—spot purchase or CFD trading—should align with your risk profile and investment goals. Take time to review our broker comparison table below to find the most suitable platform for your needs. Each investor is unique, and the best approach depends on your personal objectives and comfort with risk.

Our 7 tips for buying Opendoor Technologies stock

The latest news about Opendoor Technologies

Opendoor Technologies outperformed consensus revenue in Q1 2025, exceeding expectations by $130 million. The company reported Q1 revenue of $1.2 billion, which, while stable year-on-year and up 6% quarter-on-quarter, surpassed analyst forecasts by a considerable margin. Gross margin improved to 8.6%, with losses narrowing both in adjusted EBITDA and net income compared to Q1 2024. This positive earnings surprise signals operational improvements and increased efficiency, factors that may contribute to renewed investor confidence despite recent share price pressure.

The company announced a successful $325 million convertible bond offering in May 2025, strengthening its debt profile. These proceeds are allocated primarily to refinance existing debt, supporting liquidity and improving overall financial stability. The refinancing effort comes at a key moment, positioning Opendoor for greater flexibility as it continues to advance its hybrid business model strategy. Enhanced financing conditions may be seen as a constructive signal for institutional investors in NZ who focus on balance-sheet resiliency in volatile sectors.

Opendoor is transitioning to a hybrid business model, expanding beyond pure iBuying and strengthening partnerships with real estate agents. Operational updates from Q1 2025 highlight significant progress in inventory management and the rollout of integrated brokerage and marketplace services. This evolution aims to diversify revenue streams and reduce sensitivity to single-market shifts, a move that aligns with the preferences of risk-conscious global investors, including those in New Zealand seeking exposure to US PropTech leaders with robust adaptation strategies.

The company projects a return to positive adjusted EBITDA in Q2 2025, with revenue guidance set at $1.45–1.525 billion. Management forecasts in its latest guidance suggest a stabilising business outlook, targeting $10–20 million in adjusted EBITDA for the upcoming quarter. If realised, this would mark a turning point toward operational profitability, a key catalyst for the stock that could influence sentiment among international investors, including those with NZ-domiciled portfolios seeking early signs of turnaround momentum.

Analyst consensus price target remains significantly above current share price, reflecting potential upside despite recent volatility. With a consensus 12-month price objective of $1.70—representing a nearly 148% premium to recent levels—analyst coverage maintains a constructive medium-term view. For New Zealand investors monitoring offshore tech-enabled real estate plays, this positive target is notable, combined with strong trading volumes exceeding historical averages, which may provide additional liquidity for NZ-based market participants.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.