1 Unstoppable Stock That Just Grew Sales by 179%
The stock market has crushed technology investors in 2022 with the Nasdaq 100 index officially in a bear market, losing 23% from its all-time high. But many individual stocks have fared much worse, sitting deep in the red with losses of 50% or more from their lofty levels reached in 2021.
Small-business software provider Bill.com (NYSE: BILL) is one of them, having declined 68% from its November high. But the company just reported its earnings report for the third quarter of fiscal 2022 (ended March 31) and it revealed a whopping 179% year-over-year increase in sales. It raises the question: Has the drop in Bill.com stock gone too far given the company's soaring growth rate?
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Source Fool.com
