We can find two Growth Stocks that are down from their all-time high in a range between 40% and 64% that have still the potential to come back in an explosive way.
We are talking about:
- Advanced Micro Devices, Inc. (AMD), an American multinational semiconductor company that develops computer processors and related technologies for business and consumer markets;
- Cloudfare, an American content delivery network and DDoS mitigation company.
The Nasdaq Composite index is performing a swinging trend, and the market in general seems to be recovering somehow.
However some stocks that went down precipitously can have a great potential of reversing their trend.
Let's see the two mentioned above.
- AMD stocks are around 40% down from their all-time high, but the company is increasing market shares and its gross profit margin. In addition, revenues have more than tripled in five years and profits have increased more than 37-fold.
- Cloudfare stocks, despite the sell-off of the last periods (64.5% down from the lifetime pick of November 2021) have some potential because this company, that provides, among all, an important service of speeding up the ability to send and access internet information, has performed not indifferent business performances: revenues have increased by 54% year over year in the second quarter and the gross margin of the last quarter has reached 78.9%.
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