Stock price when the opinion was issued
OPEN is seeing a surge on a lot of media attention and hedge fund hype recently. On fund is hyping a 100X potential return so of course investors are paying attention on this.We would approach a name like this carefully. Revenues are far lower than where they were at the peak in 2022 and expected to further decline in 2025. The company also has negative earnings and negative operating cash flow. Momentum is most impressive in the stock, of course, with a 1000% three-month gain. This of course does not mean it cannot continue to do well, but it should be viewed as high risk and exceptionally speculative. Like any 'meme' stock, OPEN can be expected to swing 50% or more either way, even in a day. There is a 25% short interest. We would not endorse it on fundamentals.
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