e.l.f. Beauty Stock Sell-Off: My Prediction for What Comes Next
e.l.f.(ELF) The Motley Fool·2024-08-21 20:00
The stock has fallen quickly. Should you buy some shares? Earlier in 2024, e.l.f. Beauty (ELF 0.78%) hit a 1,000% return over the last five years and an all-time high. It has since fallen 29%. After it reported its latest quarterly earnings, investors decided to sell off the stock due to disappointing forward revenue guidance. There has been no help from the broad market either, with growth stocks in a downtrend this summer. Taking a longer view, e.l.f. Beauty has grown its sales like gangbusters in the las ...