Bedrock AI is software that uses AI to read SEC filings and predict stock price collapse.
Bedrock AI predicted collapse at Opendoor as early as March 2021 when the company’s risk score, as determined by our algorithms, increased from 53 (approximately average) to 81 (very high risk).
Since that time Opendoor’s stock price has decreased from more than $20 to less than $2.
In addition to Opendoor’s high Bedrock AI Risk Score, we also flagged multiple red flags at the company to our subscribers. Never miss red flags like these again, sign up for a trial https://www.bedrock-ai.com/contact-us.
Red flags at Opendoor $OPEN flagged by Bedrock AI during 2021:
Onerous levels of debt and strict covenants;
Three executive resignations/dismissals during the year including the removal of a co-founder, the resignation of the Head of Legal and the resignation of the President of Homes and Services;
Multiple periods of unremediated material internal control weaknesses;
Complicated financing through subsidiaries and special purpose entities; and
A Federal Trade Commission enforcement action.
A few of our algorithmic red flags from 2021, as shown in our Bedrock AI platform: