Netflix's (NASDAQ: NFLX) fall from grace as an investment has been incredible. After nearly closing at $700 last November, Netflix shares are down 75% from their all-time high.
That's a dramatic fall, but is it warranted? Also, is the stock undervalued? Let's dive in and see if an investment in Netflix is worth your money.
Back in November 2021, the hype of pandemic-driven stocks reached its peak. As the world opened up, these stocks lost their appeal. Most high-flyers were overvalued then, so their shares sold off hard in response.
Source Fool.com