|Bid||80.50 x 1100|
|Ask||80.99 x 1200|
|Day's range||77.56 - 83.59|
|52-week range||71.83 - 310.16|
|Beta (5Y monthly)||1.39|
|PE ratio (TTM)||26.55|
|Earnings date||26 Jul 2022 - 01 Aug 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||122.60|
This year has been a trying time for growth investors, as a wide swath of growth stocks has taken a sharp tumble. The Nasdaq Composite Index is down nearly 28% year to date, plunging the bellwether technology stock index into its second bear market since 2020. While the Federal Reserve's recent interest rate hike of 0.5% -- the sharpest increase in the last 22 years -- was the immediate trigger, the four-decade high inflation and the monthslong global supply-chain issues have been the real culprits behind the slowing economy.
Shares in these companies were trading above $300 in 2021 and they have what it takes to return to those levels in time.
Technology stocks have been hammered recently by fierce inflation, rising interest rates, and global economic impacts from the war between Russia and Ukraine. With no signs of turning the corner anytime soon, the Nasdaq Composite -- which has already sunk 26% year to date -- could face additional pressure in the near future. Let's check out two beaten-down Nasdaq stocks that should bounce back in the long run.