Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Down 17% in the Past 3 Months, Should You Buy the Dip in T-Mobile?

Published 10/11/2021, 01:08 PM
Updated 10/11/2021, 02:30 PM
© Reuters.  Down 17% in the Past 3 Months, Should You Buy the Dip in T-Mobile?

Mobile communication services provider T-Mobile US (NASDAQ:TMUS) has been trying to expand its services across the country through various growth strategies. However, its shares have dipped more than 17% in price over the past three months. Given that the company is currently battling a lawsuit, and considering its weak fundamentals and poor growth prospects, is the stock worth owning now? Read more to find out.T-Mobile US Inc. (TMUS), in Bellevue, Wash., along with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company caters to approximately 102.1 million consumers in the postpaid, prepaid, and wholesale sectors with voice, message, and internet services. The company is adopting diversified growth strategies to expand its 5G network to bring fast and wireless services across the country.

However, the stock has declined 10.1% in price over the past year and 17.5% over the past three months.

Furthermore, closing the last trading session at $121.22, TMUS’ stock is trading 19.3% below its 52-week price high of $150.20 which it hit on July 16, 2021, indicating bearish sentiment. In addition, an ongoing class-action lawsuit related to a data breach could raise investor concerns surrounding the stock. Moreover, given the stock’s steep valuation and weak fundamentals, it could be a risky bet now.

Continue reading on StockNews

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.