Down 55% From Its High, Is AppLovin Stock a Good Buy Right Now?

Tech stock AppLovin (NASDAQ: APP) hit a 52-week high of $525.15 on Feb. 13. It's staggering just how quickly things have unraveled for this once red-hot growth stock. On Monday, it closed at just $238.08 -- down 55% from that high it reached around a month ago.The stock market hasn't been doing all that well of late amid growing concerns of trade wars and tariffs, but that's not the only reason AppLovin stock is down. A recent short-seller report questioned the viability of its business model, and its high valuation has also made it vulnerable to a hefty decline.But with the stock taking a considerable beating over the past few weeks, could now a great time to buy shares of AppLovin, or should investors hold off on buying into this tailspin?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool