1 Growth Stock Down 46% to Buy Right Now
As Wingstop (NASDAQ: WING) nears the 10th anniversary of its June 2015 IPO, longtime shareholders of the restaurant chain have plenty to celebrate, as the stock has returned a fantastic 972%. On the other hand, the stock's prolific flight has faced some turbulence, with shares down about 46% from their 52-week high.The good news is that the sell-off may have helped bring the stock's previously lofty valuation down to a more palatable level. There are several reasons to believe the company's long-term growth trajectory remains on track.Here's why Wingstop stock could be ready to soar again and is a buy now.Continue reading
As Wingstop (NASDAQ: WING) nears the 10th anniversary of its June 2015 IPO, longtime shareholders of the restaurant chain have plenty to celebrate, as the stock has returned a fantastic 972%. On the other hand, the stock's prolific flight has faced some turbulence, with shares down about 46% from their 52-week high.
The good news is that the sell-off may have helped bring the stock's previously lofty valuation down to a more palatable level. There are several reasons to believe the company's long-term growth trajectory remains on track.
Here's why Wingstop stock could be ready to soar again and is a buy now.
