Down 25% YTD, Should Investors Scoop Up Shares of COMPASS Pathways?

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CMPS was trading in the mid-$30s in April, then jumped up to $39 on April 27. Profit-taking caused the stock to drop to $35 the next day. However, CMPS bounced right back to life, returning to $38.96 one day later. Unfortunately, CMPS has stagnated in the weeks since, trading between $36 and $32.

Is CMPS a Buy now that it has declined more than 25% since the start of the new year? Let’s find out.

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