Time to Bet on a Rebound In Adyen Stock?
Adyen (ENXTAM: ADYEN) is one of the most important financial technology (fintech) businesses in the world, but few people know of its existence. The modern payments facilitator is the middleman on millions of digital transactions around the world, helping shoppers seamlessly make purchases online, among other merchant services.
Since going public in 2019, shares of Adyen are up 57%, a respectable return that is barely trailing the S&P 500. But at one point in 2021, the stock had risen a whopping 500% due to the rapid market share gains it was making. Now, Adyen is in its sharpest decline so far as a public company, with shares off 77% from all-time highs.
But if you look at the underlying business, Adyen's operations look just fine. Here's why now could be a good time to bet on an Adyen rebound.
Source Fool.com