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Hims & Hers Stocks Sinks Despite Huge Revenue Growth. Is This a Buying Opportunity in the Stock?

The article discusses the recent performance of Hims & Hers Health, Inc., a telehealth company, which experienced a significant drop in its stock price despite reporting a 65% year-over-year revenue increase to $246.6 million in the third quarter. This revenue growth was driven by a 56% increase in subscribers, reaching 1.4 million, and a 48% rise in orders. However, the stock fell by 15% after the earnings release, possibly due to concerns over the company's profitability, as it reported a net loss of $7.6 million, although this was an improvement from the previous year's $19.6 million loss. The article suggests that despite the immediate negative market reaction, the long-term outlook for Hims & Hers could be positive due to its expanding customer base and potential for future profitability, hinting that the current dip might present a buying opportunity for investors looking at the company's growth trajectory in the telehealth sector.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/hims-hers-stocks-sinks-despite-huge-revenue-growth-is-this-a-buying-opportunity-in-the-stock/ar-AA1A2xpW ]