Here's Why This Under-the-Radar Company Could Be a Breakout Stock in 2022
Property-technology company Latch (NASDAQ: LTCH) has flown under the radar since it went public via a special purpose acquisition company (SPAC) in June 2021. Its market capitalization is currently under $1 billion.
Latch went public as a small-cap stock and has only gotten smaller as its stock price plummeted. For context, almost all SPAC deals are negotiated at a $10 share price, but as of this writing, it trades around $6 per share, down over 40% from its first-day close. However, I don't believe this discount will last for long -- here's why 2022 will be a breakout year for the company.
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Source Fool.com
