The last few months have been tough to swallow for high-growth investors. Many stocks are down double digits from their all-time highs, with some down as much as 50% to 70% in certain situations. In that latter bucket is real estate technology company Latch (NASDAQ: LTCH) , which went public through a special purpose acquisition company (SPAC) last spring.
Latch stock is down 66% over the past year, but the company is expected to grow its revenue over 260% in 2022. Does that make the stock a buy right now? Let's take a look.
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This Growth Stock Is Down 66% but Could Grow Sales 268% in 2022, According to Wall Street