Published on 4 Aug 2023 on Simply Wall St. via Yahoo Finance
Kaixin Auto Holdings (NASDAQ:KXIN) shareholders have endured a 79% loss from investing in the stock...
It's not a secret that every investor will make bad investments, from time to time. But it's not unreasonable to try to avoid truly shocking capital losses. So we hope that those who held Kaixin Auto Holdings (NASDAQ:KXIN) during the last year don't lose the lesson, in addition to the 79% hit to the value of their shares. A loss like this is a stark reminder that portfolio diversification is important. Kaixin Auto Holdings hasn't been listed for long, so although we're wary of recent listings that perform poorly, it may still prove itself with time. More recently, the share price has dropped a further 21% in a month.
With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies.
Check out our latest analysis for Kaixin Auto Holdings