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Down 52%, Is This Nasdaq Stock Finally a Buy?

·5-min read
Down 52%, Is This Nasdaq Stock Finally a Buy?
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Corsair Gaming's (NASDAQ: CRSR) stock price has fallen off a cliff in the past year, losing over half of its value as investors have worried that the company's pandemic-driven sales surge may not last forever. Corsair's first-quarter 2022 results, which were released on May 5, make it clear that the company has indeed lost the boost provided by shelter-in-place orders, which were put in place a couple of years ago to get control of the COVID-19 outbreak. The company, which sells video gaming hardware and peripherals, was a big winner amid the pandemic as an increase in the number of people playing video games to keep themselves entertained while being locked down created healthy demand for its offerings.

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