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Down 90%, Is This E-Commerce Stock Poised for a 2023 Turnaround?

TheMotleyFool

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Down 90%, Is This E-Commerce Stock Poised for a 2023 Turnaround?: https://g.foolcdn.com/editorial/images/714329/asian-shopper.jpg

This has been a brutal time for growth stocks. The Nasdaq 100 Index was down over 30% in 2022 with many individual companies down even more. One sector especially hard hit is e-commerce, where investors are faced with slowing growth as economies normalize and the world moves further away from the pandemic.

An extreme version of this happened with e-commerce software provider BigCommerce (NASDAQ: BIGC). The company opened its first day of trading at $68 per share in Aug. 2020, but it has slowly bled out since with shares down almost 90% from its market debut.

Investors threw in the towel on BigCommerce last year. Does that mean the stock is ready to rebound in 2023?

Source Fool.com

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