Is It Time to Buy This Disruptive AI Stock After Shares Dropped 70%?
Shares of Riskified (NYSE: RSKD) are down 45% over the past month and a whopping 72% from their all-time high, despite being on the market for just four months. This price drop was partially due to the IPO hype wearing off as other exciting IPOs came to the market, but the chief source of this pressure was a poor third-quarter performance.
For investors who don't know Riskified well, it looked like a solid quarter. And to some extent, it was. However, one crucial metric closely tied to Riskified's investment thesis dropped significantly, which understandably spooked investors. After this immense drop, is now the right time to buy Riskified on the dip? Let's find out.
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Source Fool.com
