It’s very low
Some investors wait for certain stocks to go down in order to buy them cheaper and then resell when their prices go up again. It sometimes works, it sometimes doesn’t.
If the price of a stock is very low at one point, it doesn’t mean it can’t get any lower than that. It’s like trying to catch a falling knife, as some like to refer to this rapid sell-off. Stocks that are subject to a fast decline often stick to a lower value for quite some time. You can use this in your favor and find out the reason behind their sharp drop.
