Worst Performing Stock in 2022
- Posted on April 13, 2022
- Editors Pick
- By Faith Tiza
These Stock are getting beat up badly in 2022
Small, fast-growing companies appeal to investors
seeking quick returns, while large and mega cap stocks appeal to those seeking
portfolio stability. As a result of this trend, many investors miss a large
segment of the stock market: mid-cap stocks. Stocks in the mid-cap range
(market capitalization of $2 billion to $10 billion) are neither too big nor
too small. These stocks are ideal for investors seeking a balance of growth and
profitability. Entering mid-cap equities when they are down, as with any other
stock, is a good approach. So, let's look at the worst-performing mid-cap
stocks so far in 2022.
While the general market began to rise again last
month, several familiar equities continued to fall, adding to their losses from
February and March.
Of course, this weakness translates into opportunities
for smart investors. However, just because shares of a reputable company have
fallen in price doesn't indicate it's a good investment right now. It's
possible that the recent selling is merely the latest leg of a much larger
correction.
We've compiled a list of the ten worst-performing
mid-cap stocks so far in 2022, based on year-to-date returns. The worst-performing mid-cap equities so far in 2022 are as follows:
TuSimple
Holdings(-69 percent )
This startup, which was founded in 2015 and is based
in San Diego, develops autonomous technology for semi-trucks. Tusimple Holdings
Inc (NASDAQ: TSP) stock has been down about 33% in the previous two months and more
than 17% in the last month. Its stock is currently trading at over $11 and has
a market capitalization of over $2.30 billion. TuSimple Holdings' 52-week
trading range is $10.36 to $79.84.
Fluence
Energy (-66%)
This corporation, based in Arlington, Virginia, was
founded in 2021 and specializes in energy storage goods and services, as well
as artificial intelligence-powered digital applications for renewables and
storage. Fluence Energy Inc (NASDAQ: FLNC) has lost about 21% of its value in
the last two months but has gained nearly 11% in the last three weeks. Its
stock is currently trading at $11 and has a market capitalization of nearly $2
billion. The 52-week price range for Fluence Energy is $9.82 to $39.40.
Amplitude
(-63%)
This company, which was founded in 2011 and is based
in San Francisco, specializes in digital optimization solutions that allow
businesses to examine their customer behavior. Amplitude Inc (NASDAQ: AMPL) has
lost more than 54% in the previous two months and more than 4% in the last
month. Its stock is currently trading at over $19, with a market capitalization
of over $2 billion. The 52-week range for Amplitude is $16.60 to $87.98.
Natera
(-61%)
It is a diagnostics firm that finds, develops, and
commercializes genetic testing services. It was founded in 2003 and is
headquartered in San Carlos, California. Natera Inc (NASDAQ: NTRA) shares have
dropped more than 48% in the past month and more than 64% in the last year. Its
stock is currently trading at over $37, with a market capitalization of over
$5.2 billion. Natera's 52-week price range is $26.10 to $129.09.
Aurora
Innovation (-58%)
This company, which was founded in 2017 and is based
in Pittsburgh, creates and develops automotive hardware and software. It
specializes in providing Aurora Driver, a self-driving software. Aurora
Innovation Inc (NASDAQ: AUR) has lost more than 18% in the previous two months
and more than 4% in the last three weeks. Its stock is now trading at over
$4.50, with a market capitalization of over $5.1 billion. The 52-week range for
Aurora Innovation is $3.94 to $17.77.
Ginkgo
Bioworks Holdings (-58%)
Its platform, which was founded in 2008 and is based
in Boston, supports biotechnology applications in a variety of industries,
including food and agriculture, chemicals, medicines, and others. The stock of
Ginkgo Bioworks Holdings Inc (NYSE: DNA) has dropped about 40% in the previous
two months and more than 10% in the last three weeks. Its stock is currently
trading at over $3.40, with a market capitalization of over $5.80 billion. The
52-week range for Ginkgo Bioworks is $3.25 to $15.864.
Vertiv
Holdings (-56%)
This Columbus, Ohio-based firm, which was founded in
2020, designs, manufactures, and services digital infrastructure equipment that
supports electronics that process, store, and transport data. The stock of
Vertiv Holdings Co (NYSE: VRT) has dropped more than 50% in the previous two
months and more than 5% in the last three weeks. Its stock is currently trading
at over $10.90, with a market capitalization of over $3.80 billion. Vertiv
Holdings' 52-week price range is $9.59 to $28.80.
Fastly
(-56%)
This company, based in San Francisco, was founded in
2011 and provides real-time content delivery network services. The stock of
Fastly Inc (NYSE: FSLY) has dropped more than 45 percent in the previous two
months and more than 6% in the last three weeks. Its stock is currently trading
at $15, with a market capitalization of nearly $2 billion. Fastly's 52-week
price range is $14.24 to $78.08.
Ambarella
(-55%)
This company, based in Santa Clara, California, was
founded in 2004 and develops and sells video compression, image processing, and
computer vision products. Ambarella Inc (NASDAQ: AMBA) stock has dropped about
39% in the previous two months and more than 2% in the last three weeks. Its
stock is currently trading at $92, with a market capitalization of $3.20 billion.
The 52-week range for Ambarella is $82.59 to $227.59.
HashiCorp
(-54%)
It is a software startup with a freemium business
strategy that was founded in 2012 and is headquartered in San Francisco. The
stock of HashiCorp Inc (NASDAQ: HCP) has dropped about 45 percent in the previous
two months and more than 6% in the last three weeks. Its stock is currently
trading at $43 and has a market capitalization of nearly $7 billion.
HashiCorp's 52-week price range is $34.47 to $102.95.
Wayfair
Inc. (-67.1%)
Wayfair Inc. (W) is an eCommerce retailer based in the
United States and Europe. It sells furniture, decor, housewares, and other
household items. The company has struggled to retain sales during the shifting
COVID-19 pandemic, and net revenue for the most recent quarter declined by more
than 11% year over year (YOY). Even more startling is the fact that active
customers fell by 12.5 percent year over year during the same time period. Over
the last year, Wayfair Class A-shares have returned -67.1 percent.
Zillow
Group, Inc. (-64.6)
Zillow Group, Inc. (ZG) is a real estate company that
operates websites such as Zillow.com, Trulia, and HotPads. The company's
platforms provide real estate rental and sale listings, as well as money
generated by third-party broker activity on online marketplaces. Because of the
volatile property market, the company stated late in 2021 that it would no
longer engage in house flipping and would downsize drastically. As a result,
the stock price plummeted. Zillow Class A shares have given investors a -64.6
percent return over the last year.
Zoom
Video Communications, Inc. (-63.8%)
Zoom Video Communications, Inc. (ZM) provides a video,
audio, and chat communications platform. As businesses and schools moved their
operations online during the early stages of the COVID-19 epidemic, its
popularity soared. However, when laws have become less stringent and in-person
work and education have resumed in most places, the company may suffer a
significant drop in demand. Zoom has given a total return of -63.8 percent over
the last year.
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