With only one month remaining in 2023, it's fair to say that it's generally been a pretty good year for the stock market. The S 500 has rallied 18.5%, while the more growth-oriented Nasdaq Composite index has soared 36%.

But even though the broader market has performed quite well, there are still some high-quality stocks that have lost ground in 2023 and continue to trade at big discounts compared to previous highs.

If you're on the hunt for beaten-down stocks with explosive comeback potential, read on for a look at the shares of two companies down more than 75% from their peaks that stand out as great investment opportunities.

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Source Fool.com