3 Struggling Businesses Investors Shouldn't Gamble on This Year
The stock market has been picking up steam of late amid hopes of interest rate cuts and a soft landing for the economy in 2024. Should that happen, stocks could be on track for a great year. And investors may be tempted to pick up some struggling ones that may be overdue to rally.
But in some cases, investors may be better off resisting the temptation to take a chance on high-risk investments. Three stocks that crashed by more than 40% last year and that may still be too risky to invest in right now are Plug Power (NASDAQ: PLUG), Moderna (NASDAQ: MRNA), and Lumen Technologies (NYSE: LUMN).
Here's why you may want to consider staying away from these stocks.
Source Fool.com
Moderna Inc. Stock
€66.08
-5.540%
With 20 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
Based on the current price of 66.08 € the target price of 134 € shows a potential of 102.78% for Moderna Inc. which would more than double the current price.
