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Down 91%, This Software Stock May Finally Be Ready for a Comeback

TheMotleyFool

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Down 91%, This Software Stock May Finally Be Ready for a Comeback: https://g.foolcdn.com/editorial/images/786797/globe-cloud-software-network.jpg

There's bad timing and then there's taking your cloud software company public in September of 2021 -- just two months before the tech sector imploded as the pandemic-driven boom came to a crushing end.

That exactly what happened to Amplitude (NASDAQ: AMPL), a cloud software company focused on digital product analytics, or helping businesses understand how customers use and engage with their products.

Amplitude debuted on the Stock Market at $50 a share and quickly rocketed higher, reaching a closing record of $84.80 in November.

Source Fool.com

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