4 Growth Stocks Down 56% or More

Many factors can contribute to a stock's price decline, including those completely out of a company's control. A recent example was the decision by the Federal Reserve to raise interest rates. This month, the Fed raised rates 0.25% to a range of between 0.25% and 0.50%, and it warned that six more such increases may take place before the end of the year to tame inflation, which is at a level not seen in the last 40 years.

Many growth stocks have tumbled over the last six months in the wake of this decision, with the NASDAQ Composite Index recently falling into its second bear market since the pandemic broke out in 2020. However, investors need to remember that a falling share price does not necessarily imply a business is doing poorly. Many technology-related stocks continue to report growth for their latest quarters, but their share prices have been battered due to a lowering of valuations across the board.

Here are four growth stocks whose share prices have been cut by more than half but still enjoy strong prospects.

Source Fool.com