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3 Growth Stocks That Are Down Over 20%

By Jose Najarro - Apr 16, 2021 at 10:00AM

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These three growth stocks are hitting different markets and are all down from their recent highs.

In today's video, I look at three growth stocks that are down over 20% from their recent 12-month highs. Below are three reasons to add each stock to your watch list as a potential buy.

Three reasons to watch Spotify (SPOT 3.93%)

  1. Spotify is down roughly 21% from its all-time high, with a market cap of $54.7 billion.
  2. During Spotify's most recent quarter (Q4 20), the company reported 17% year-over-year growth in revenue and 24% year-over-year growth in premium subscribers.
  3. Spotify has a strong balance sheet with substantial cash, allowing it to be aggressive on its content acquisitions. On Feb. 26, it announced a senior note offering that would further increase its cash holdings. 

Three reasons to watch Tattooed Chef (TTCF 2.86%)

  1. Tattooed Chef is down roughly 34% from its all-time high, with a market cap of $1.49 billion.
  2. During Tattooed Chef's most recent quarter (Q4 20), the company reported 48% year-over-year growth in revenue and positive GAAP earnings and EBITDA values.
  3. Management gave an outlook that shows revenue growth of 49% for fiscal year 2021 compared to fiscal year 2020, with positive net income.

Three reasons to watch CuriosityStream (CURI 0.59%)

  1. CuriosityStream is down roughly 41% from its all-time high, with a market cap of $699.94 million.
  2. During CuriosityStream's most recent quarter (Q4 20), the company reported over 100% year-over-year growth in revenue.
  3. For fiscal year 2021, CuriosityStream currently expects a strong year for revenue with 80% year-over-year growth.

Click the video below for my full thoughts. 

*Stock prices used were the closing prices of April 14, 2021. The video was published on April 15, 2021. 

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Stocks Mentioned

Tattooed Chef, Inc. Stock Quote
Tattooed Chef, Inc.
$6.48 (2.86%) $0.18
Spotify Stock Quote
$97.52 (3.93%) $3.69
CuriosityStream Inc. Stock Quote
CuriosityStream Inc.
$1.70 (0.59%) $0.01

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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