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This Cheap Stock Is Down 94%: Is It a No-Brainer Investment Opportunity?

TheMotleyFool

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This Cheap Stock Is Down 94%: Is It a No-Brainer Investment Opportunity?: https://g.foolcdn.com/editorial/images/778584/loan-approval-mobile-app.jpg

Upstart (NASDAQ: UPST) has taken its longtime shareholders for a wild ride. After shares skyrocketed 1,220% from their initial public offering in December 2020 to their all-time high in October 2021, they have cratered 94% since (as of May 23).

The pessimism with this fintech stock has likely never been higher; it has dropped 43% just this year. Investors who have an appetite for risk, with the potential for achieving high returns, might be eyeing Upstart as a possible portfolio addition.

Is this a no-brainer investment opportunity right now?

Source Fool.com

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