Opendoor stock may have momentum, but the fundamentals tell a slightly tougher story. At first glance, its Price-to-Sales multiple of 0.5x looks cheap compared to the S&P 500’s 3.2x. But this multiple may be a bit misleading,

After a monster meme-stock rally in July, the real estate technology company's stock fell hard following its latest earnings. The rally is back on, however, after Opendoor announced its CEO would step down, a move greeted with enthusiasm from its retail investor base.