|Bid||0.00 x 800|
|Ask||21.99 x 800|
|Day's range||21.68 - 23.58|
|52-week range||21.68 - 89.60|
|Beta (5Y monthly)||2.23|
|PE ratio (TTM)||20.27|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
This has been a frustrating year for investors, but at the same time, those with cash to invest have an opportunity to put their money to work in exciting companies at prices that were unimaginable a few years ago. Browsing a list of growth stocks down more than 70% from their highs, Chewy (NYSE: CHWY), Revolve Group (NYSE: RVLV), and Roblox (NYSE: RBLX) could be incredible values right now. Here's why three Motley Fool contributors believe these stocks will rebound and pay off for investors over the long term.
Fashion brand and retailer Revolve Group (NYSE: RVLV) could be the next example to shine. Revolve is an e-commerce fashion retailer that markets to Millennial and Generation Z consumers, selling merchandise from more than 1,000 brands, both third-party and owned. Revolve has incorporated that into its marketing strategy by working with a network of famous social media influencers and celebrities, including Kendall Jenner and Emily Ratajkowski.
Many fast-growing companies are suffering even worse drawdowns, with the Nasdaq 100 index down 27% and the closely followed Ark Innovation ETF down 53%. The first company is Revolve Group (NYSE: RVLV), an online apparel and fashion retailer. As an e-commerce-only company, Revolve -- along with its other brand Forward -- mastered marketing through social media, where its target audience (younger women) spends a lot of time.