Latch Stock Is Down 60%: Time to Buy the Dip?
Investors in growth and early-stage public companies have had a rough few months. This is exemplified in the price of the Renaissance IPO ETF, which is down over 32% in the last six months, compared to the S&P 500, which is only down a measly 5% over that period. Many stocks have fared even worse than the IPO ETF, down as much as 50% or 70% in just a few months.
One of these stocks is Latch (NASDAQ: LTCH). The smart-lock and real estate software company has put up great growth numbers, but investors have soured on the stock recently, with shares down 67% in the last six months.
Is it time to buy the dip on Latch stock? Let's find out.
Source Fool.com
