1 Growth Stock Down 85% to Buy Right Now
Many growth stocks were crushed last year as rising rates and other macro headwinds drove investors toward more conservative investments. That's what happened to Bilibili (NASDAQ: BILI), the Chinese tech company, which shed about 85% of its market value after closing at a record high of $156.37 per share last February.
After that steep plunge, Bilibili now trades at just 2.5 times this year's sales. Here's why this stock might be undervalued -- and why it might bounce back if a new bull market starts.
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Source Fool.com
