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. 

Image source: Getty Images.

Continue reading

Source Fool.com