<p>在短短几个月内，<strong>Opendoor Technologies</strong>(OPEN -15.15%) 从一家濒临被纳斯达克退市的破产公司，变成了今年最热门的股票故事之一。</p>
<p>在七月，零售投资者开始大量涌入这只在线房屋翻转股票，因为对冲基金经理 Eric Jackson 提出的论点在网上开始获得关注。Jackson 认为，Opendoor 可能会变成下一个 <strong>Carvana</strong>，指的是这家在线二手车经销商在 2022 年底避免破产后获得的 100 倍收益。</p>
<p>随着每日交易量激增，甚至一度超过流通股数量，Opendoor 也随之飙升，诞生了一只 meme 股票。这种势头直接导致了业务的变化。</p>
<p>首先，首席执行官 Carrie Wheeler 辞职，本月早些时候，公司引入了一支新的管理团队，任命 <strong>Shopify</strong> 首席运营官 Kaz Nejatian 担任新首席执行官，并重新邀请创始人 Eric Wu 和 Keith Rabois 担任董事会成员，Rabois 担任董事长。</p>
<p>Opendoor 的股价已经从最低点上涨近 20 倍，这意味着它至少在某种程度上已经超过了 Jackson 的目标。这个热门股票能否继续攀升？让我们看看在下一个预期于 11 月 6 日的财报发布之前，可能推动股价进一步上涨的三个关键因素。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzQ0ODMvZm9yLXNhbGUtc2lnbi1ob21lLWJ1eS1zZWxsLXByb3BlcnR5LXNpbmdsZS1mYW1pbHktMTIwMHg4MDAtNWIyZGY3OS5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzQ0ODMvZm9yLXNhbGUtc2lnbi1ob21lLWJ1eS1zZWxsLXByb3BlcnR5LXNpbmdsZS1mYW1pbHktMTIwMHg4MDAtNWIyZGY3OS5qcGcmdz03MDA"/></p>
<p>图片来源：Getty Images。</p>
<h2>1. 抵押贷款利率可能会下降</h2>
<p>Opendoor 看涨论点中最大的组成部分可能是其与房地产市场的关系。公司的命运与房屋的供需以及房价的走势密切相关。</p>
<p>该股票在 2020 年上市时曾迅速上涨，当时房地产市场在疫情期间火热。然而，随着利率上升和现有房屋销售暴跌，该市场在 2022 年崩溃。Opendoor 通过以高于购买价格的价格出售房屋以及收取服务费用来赚钱，因此它受益于房地产市场的上涨压力。</p>
<p>抵押贷款利率的下降可能会使这两件事情发生。事实上，利率已经降至一年低点，联邦储备委员会预计今年还将再降两次基准利率。对更低利率的预期或房地产市场复苏的迹象也可能推动 Opendoor 的股价上涨。</p>
<h2>2. 管理层可能会做出真正的改变</h2>
<p>Nejatian 打算迅速行动。他在社交媒体平台 X 上非常活跃，公司已经将 Opendoor 平台扩展到所有 50 个州，而之前仅覆盖约 50 个市场。公司还引入了一位新的首席财务官，任命 Christy Schwartz 为临时替代者，自 9 月 30 日起接替 Selim Freiha。</p>
<p>新任董事会主席 Rabois 在接受 CNBC 采访时表示，公司变得过于臃肿，可能将员工人数从 1400 削减到 200。投资者应该期待管理团队在接下来的几周内发布更多公告。合适的公告可能会再次推动股价飙升。</p>
<h2>3. 这是一个投资者没有离开的 meme 股票</h2>
<p>Opendoor 仍然拥有来自 meme 股票群体的强大支持，这个群体有时被称为 “$OPEN 军团”。</p>
<p>该股票的日交易量仍然很大，过去三个月的平均交易量达到 3.25 亿，远高于之前吸引 meme 股票投资者的水平。Opendoor 也继续被视为一只战斗股票，26% 的流通股被做空，这也有可能推动短期挤压。</p>
<p>meme 股票的走势 notoriously 不可预测，但在过去几个月中涌入该股票的 Opendoor 多头显然是公司和股票的资产。</p>
<h2>Opendoor 仍然高风险</h2>
<p>以上原因都是未来几周可能推动股价的因素，但 Opendoor 仍然是一项高风险投资。这些迅猛的涨幅完全基于改善的预期，这些预期可能是合理的，也可能不合理，而不是任何基本面的实质性改善。事实上，当公司在八月给出第三季度指引时，预示收入将大幅下降，显示出在房地产市场疲软的情况下，它正在缩减业务。</p>
<p>观察者将看到 Nejatian 和 Rabois 是否能在接下来的几周内制定出真正的扭转计划，但如果管理层能够显示出进展，股价仍有上涨的空间。</p>

OPEN

<p>Opendoor Technologies 的股票大幅上涨，从接近退市的状态恢复过来，成为热门投资。可能在 11 月 6 日财报发布前推动股票进一步上涨的关键因素包括潜在的抵押贷款利率下降、新管理层旨在简化运营的举措，以及来自迷因股票投资者的持续支持。然而，该公司仍然是一项高风险投资，预期尚未得到稳健财务改善的支持</p>

<p>In just a few months, <strong>Opendoor Technologies</strong>(OPEN -15.15%) has gone from a broken company on the verge of being delisted from the <strong>Nasdaq</strong> to one of the hottest stock stories of the year.</p>
<div class="lb-trans"><p>在短短几个月内，<strong>Opendoor Technologies</strong>(OPEN -15.15%) 从一家濒临被纳斯达克退市的破产公司，变成了今年最热门的股票故事之一。</p>
</div><p>In July, retail investors began piling into the online home-flipping stock after an argument posited by hedge fund manager Eric Jackson began to gain traction online. Jackson argued that Opendoor could turn into the next <strong>Carvana</strong>, referring to the 100x gain the online used car dealer made after avoiding bankruptcy in late 2022.</p>
<div class="lb-trans"><p>在七月，零售投资者开始大量涌入这只在线房屋翻转股票，因为对冲基金经理 Eric Jackson 提出的论点在网上开始获得关注。Jackson 认为，Opendoor 可能会变成下一个 <strong>Carvana</strong>，指的是这家在线二手车经销商在 2022 年底避免破产后获得的 100 倍收益。</p>
</div><p>A meme stock was born as daily trading volume skyrocketed, at one point exceeding the number of shares outstanding, and Opendoor soared as well. That momentum directly led to a change in the business.</p>
<div class="lb-trans"><p>随着每日交易量激增，甚至一度超过流通股数量，Opendoor 也随之飙升，诞生了一只 meme 股票。这种势头直接导致了业务的变化。</p>
</div><p>First, CEO Carrie Wheeler stepped down, and earlier this month, the company brought in a new management team, tapping <strong>Shopify</strong> chief operating officer Kaz Nejatian to serve as its new CEO, and bringing back founders Eric Wu and Keith Rabois to serve on the board of directors, with Rabois as chair.</p>
<div class="lb-trans"><p>首先，首席执行官 Carrie Wheeler 辞职，本月早些时候，公司引入了一支新的管理团队，任命 <strong>Shopify</strong> 首席运营官 Kaz Nejatian 担任新首席执行官，并重新邀请创始人 Eric Wu 和 Keith Rabois 担任董事会成员，Rabois 担任董事长。</p>
</div><p>Opendoor shares are already up nearly 20 times from their bottom, meaning they are more than halfway to Jackson's target, at least by one measurement. Could the hot stock keep climbing? Let's look at three key drivers that could move the stock even higher before its next earnings report, expected on Nov. 6.</p>
<div class="lb-trans"><p>Opendoor 的股价已经从最低点上涨近 20 倍，这意味着它至少在某种程度上已经超过了 Jackson 的目标。这个热门股票能否继续攀升？让我们看看在下一个预期于 11 月 6 日的财报发布之前，可能推动股价进一步上涨的三个关键因素。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzQ0ODMvZm9yLXNhbGUtc2lnbi1ob21lLWJ1eS1zZWxsLXByb3BlcnR5LXNpbmdsZS1mYW1pbHktMTIwMHg4MDAtNWIyZGY3OS5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F834483%2Ffor-sale-sign-home-buy-sell-property-single-family-1200x800-5b2df79.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>1. Mortgage rates could come down</h2>
<div class="lb-trans"><h2>1. 抵押贷款利率可能会下降</h2>
</div><p>Perhaps the biggest component in the bull case for Opendoor is its relationship to the housing market. The company's fortunes are closely tied to the supply and demand for homes, and the direction of housing prices.</p>
<div class="lb-trans"><p>Opendoor 看涨论点中最大的组成部分可能是其与房地产市场的关系。公司的命运与房屋的供需以及房价的走势密切相关。</p>
</div><p>The stock initially surged out of the gate after it went public in 2020 when the housing market was on fire during the pandemic. However, that market crashed in 2022 as interest rates rose and sales of existing homes tumbled. Opendoor makes money from selling homes for more than it purchases them for, and by collecting fees for services, so it benefits from upward pressure in the housing market.</p>
<div class="lb-trans"><p>该股票在 2020 年上市时曾迅速上涨，当时房地产市场在疫情期间火热。然而，随着利率上升和现有房屋销售暴跌，该市场在 2022 年崩溃。Opendoor 通过以高于购买价格的价格出售房屋以及收取服务费用来赚钱，因此它受益于房地产市场的上涨压力。</p>
</div><p>Falling mortgage rates could make both of those things happen. In fact, rates have already come down to one-year lows, and the Federal Reserve expects to cut its benchmark interest rates two more times this year. Anticipation of lower rates or signs of housing market recovery could also push Opendoor stock higher.</p>
<div class="lb-trans"><p>抵押贷款利率的下降可能会使这两件事情发生。事实上，利率已经降至一年低点，联邦储备委员会预计今年还将再降两次基准利率。对更低利率的预期或房地产市场复苏的迹象也可能推动 Opendoor 的股价上涨。</p>
</div><h2>2. Management could make real changes</h2>
<div class="lb-trans"><h2>2. 管理层可能会做出真正的改变</h2>
</div><p>Nejatian intends to hit the ground running. He has been active on the social media platform X, and the company has already expanded the Opendoor platform to all 50 states, up from just around 50 markets previously. The company also brought in a new chief financial officer, naming Christy Schwartz as the interim replacement, effective Sept. 30, succeeding Selim Freiha.</p>
<div class="lb-trans"><p>Nejatian 打算迅速行动。他在社交媒体平台 X 上非常活跃，公司已经将 Opendoor 平台扩展到所有 50 个州，而之前仅覆盖约 50 个市场。公司还引入了一位新的首席财务官，任命 Christy Schwartz 为临时替代者，自 9 月 30 日起接替 Selim Freiha。</p>
</div><p>Rabois, the new board chairman, said in an interview on CNBC that the company has become too bloated and that it could cut its workforce from 1,400 all the way down to 200. Investors should expect some more announcements from the management team in the coming weeks. The right one could send the stock soaring again.</p>
<div class="lb-trans"><p>新任董事会主席 Rabois 在接受 CNBC 采访时表示，公司变得过于臃肿，可能将员工人数从 1400 削减到 200。投资者应该期待管理团队在接下来的几周内发布更多公告。合适的公告可能会再次推动股价飙升。</p>
</div><h2>3. It's a meme stock investors haven't left</h2>
<div class="lb-trans"><h2>3. 这是一个投资者没有离开的 meme 股票</h2>
</div><p>There's still plenty of energy behind Opendoor from the meme-stock crowd, which is sometimes referred to as the &#34;$OPEN Army.&#34;</p>
<div class="lb-trans"><p>Opendoor 仍然拥有来自 meme 股票群体的强大支持，这个群体有时被称为 “$OPEN 军团”。</p>
</div><p>The stock is still trading at huge daily volumes, averaging 325 million over the last three months, much higher than before gaining interest from the meme stock investors. Opendoor also continues to look like a battleground stock with 26% of the float sold short, and that has the potential to drive a short squeeze as well.</p>
<div class="lb-trans"><p>该股票的日交易量仍然很大，过去三个月的平均交易量达到 3.25 亿，远高于之前吸引 meme 股票投资者的水平。Opendoor 也继续被视为一只战斗股票，26% 的流通股被做空，这也有可能推动短期挤压。</p>
</div><p>Meme stock movements are notoriously unpredictable, but the legions of Opendoor bulls who have piled into the shares in the last few months are clearly an asset for the company and the stock.</p>
<div class="lb-trans"><p>meme 股票的走势 notoriously 不可预测，但在过去几个月中涌入该股票的 Opendoor 多头显然是公司和股票的资产。</p>
</div><h2>Opendoor is still high risk</h2>
<div class="lb-trans"><h2>Opendoor 仍然高风险</h2>
</div><p>The reasons above are all potential drivers for the stock over the next few weeks, but Opendoor remains a high-risk investment. The meteoric gains have come entirely on improving expectations, which may or may not be justified, rather than any meaningful improvement in fundamentals. In fact, when the company gave third-quarter guidance in August, it called for a significant decline in revenue, showing that it's scaling the business back as the housing market remains weak.</p>
<div class="lb-trans"><p>以上原因都是未来几周可能推动股价的因素，但 Opendoor 仍然是一项高风险投资。这些迅猛的涨幅完全基于改善的预期，这些预期可能是合理的，也可能不合理，而不是任何基本面的实质性改善。事实上，当公司在八月给出第三季度指引时，预示收入将大幅下降，显示出在房地产市场疲软的情况下，它正在缩减业务。</p>
</div><p>Observers will see if Nejatian and Rabois can work up a real turnaround plan in the coming weeks, but there is room for the stock to move higher, especially if management can show signs of progress.</p>
<div class="lb-trans"><p>观察者将看到 Nejatian 和 Rabois 是否能在接下来的几周内制定出真正的扭转计划，但如果管理层能够显示出进展，股价仍有上涨的空间。</p>
</div>

Opendoor Technologies 股票可能在 11 月 6 日之前上涨的三个原因