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Why BILL Stock Lost 56% in 2022

TheMotleyFool

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Why BILL Stock Lost 56% in 2022: https://g.foolcdn.com/editorial/images/716191/credit-card-woman-laptop-pay-bills-online-shopping.jpg

Shares of BILL (NYSE: BILL), the SMB payments specialist formerly known as Bill.com, pulled back in 2022, trending with a broad sell-off in software-as-a-service (SaaS) stocks. BILL delivered strong results throughout the year, but a high valuation and a lack of GAAP profits weighed on the stock, and shares finished down 56% last year according to data from S&P Global Market Intelligence.

As you can see from the chart, the stock plunged in the spring following its third-quarter earnings report and stayed down through the rest of the year.